The form must be signed by the authorized representative. Free Excel Template Structure Tips
Disclaimer: This article is for informational purposes only and does not constitute legal or tax advice. Tax laws and rates are subject to change. Always verify with the Bureau of Internal Revenue (BIR) or a licensed tax professional before filing.
Navigating corporate tax compliance in the Philippines requires absolute precision. For corporations subject only to the regular income tax rate, Bureau of Internal Revenue (BIR) Form 1702-RT is the most critical annual filing.
If you have searched for "BIR Form 1702-RT version 2018 excel format free" , you are likely looking for an alternative to the buggy eBIRForms system or the costly accounting software. You want a spreadsheet that calculates taxes automatically, saves time, and is accurate. bir form 1702 rt version 2018 excel format free
It is the annual tax return filed by:
Always ensure the data in the 1702-RT matches your Audited Financial Statements.
A very common question is: "Can I get a free, downloadable Excel version of BIR Form 1702-RT v2018?" The form must be signed by the authorized representative
The "Version 2018" design was introduced to incorporate the sweeping structural changes mandated by Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law. It replaced older versions to reflect updated tax rates, revised computational schemas, and new scheduling structures. Who Must File Form 1702-RT?
Never trust a downloaded spreadsheet blindly. Click through the operational cells to ensure the formulas match current tax laws and are not broken or hardcoded with static numbers.
On or before the 15th day of the 4th month following the close of the taxpayer’s taxable year. Why Use an Excel Format for BIR Form 1702-RT? Always verify with the Bureau of Internal Revenue
BIR Form 1702-RT is used by corporations, partnerships, and other non-individual entities that are subject to the regular corporate income tax rate, rather than special, preferential, or exempt rates.
| Section | Description | | :--- | :--- | | | Collects basic taxpayer details: TIN, RDO Code, registered name, address, date of incorporation, contact number, email address, and the chosen method of deduction (Itemized Deductions or Optional Standard Deduction - OSD). | | Part II – Total Tax Payable | Summarizes the final tax due, penalty calculations, and the total amount payable (or overpayment). The overpayment options are irrevocable. | | Part III – Details of Payment | Specifies how the payment was made (e.g., cash, check, debit memo). | | Part IV – Computation of Tax | The core of the form, this section calculates the tax due based on gross income, allowable deductions, and other schedules. | | Schedules (Part VI) | Provides detailed breakdowns for various items, including the Optional Standard Deduction (OSD) , Cost of Sales, Ordinary/ Special Allowable Itemized Deductions, Net Operating Loss Carry Over (NOLCO) schedule, Tax Credits/Payments, and other required attachments like the Audited Financial Statements (AFS) . |
Because the BIR Excel forms utilize macros for calculation and validation, you must ensure your computer is set up correctly: