Last Updated on April 17, 2021 by Marie Bautista
The TAX REFORM ACCELERATION AND INCLUSION (TRAIN) repealed several sections of the Tax Code including the Personal and Additional Exemptions. Read about TRAIN #TaxReformNow here. FOR QUESTIONS ON INCOME TAX ON INDIVIDUALS UNDER THE TRAIN LAW, CHECK THE FAQ HERE.
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UPDATES/TAX ADVISORY FOR INCOME TAX RETURN FILING FOR CALENDAR YEAR 2020
- The Deadline for filing of Annual Income Tax Returns (AITR) for Calendar Year (CY) 2020 Is still on April 15, 2021.
- AITR filed on or before the set deadline MAY BE AMENDED not later than May 15, 2021
- When the amended return resulted in additional payment, no penalties shall be imposed.
- When the amended return resulted in an overpayment of taxes, the taxpayer may opt to carry over such overpayment as a credit against the tax due to the same tax type in the succeeding period or opt for refund.
- Submission of required attachments to the electronically filed AITR for CY 2020 must be within fifteen (15) days from the deadline of filing or date of electronic filing of the return, whichever comes later.
- The attachments to the electronically filed amended returns made on or before May 15, 2021 shall likewise be submitted within fifteen (15) days from the date of filing of amended returns or not later than fifteen (15 ) days from May 15, 2021.
- For Manual filing of AITR, the required attachments shall be submitted together with the AITR. The same shall apply for the submission of attachments for the manually filed amended AITR
- The BIR has recently issued Revenue Memorandum Circular No. 41-2021 dated March 22, 2021 to provide relief to taxpayers in relation to the current surge in COVID-19 cases affecting the entire country resulting to establishments having to operate at half of their manpower capacity.
- Filing of returns as well as payment of taxes due thereon falling WITHIN THE PERIOD FROM MARCH 22, 2021 TO APRIL 30,2021 MAY BE MADE ANYWHERE, even outside the jurisdiction of the Revenue District Office where they are registered. (Note: Before this Circular, as 25% surcharge for wrong venue is imposed on taxes filed outside the jurisdiction of the revenue district office where they are registered.)
- Taxpayers who are not mandated to use the eFPS and eBlRForms System are encouraged to electonically file their returns through the eBIR Forms Facility and pay the corresponding taxes due thereon through any ePayment channels.
Contents
- Are you self-employed or a mixed income earner? Watch the Bureau of Internal Revenue’s Webinar on how to file your Annual Income Tax Return for Self-Employed Taxpayers and Mixed Income Earners.
- FILING AND PAYMENT OF INTERNAL REVENUE TAXES
- Electronic Filing of Tax Returns
- B. Electronic Filing and Payment System (eFPS)
- For taxpayers required to use or voluntarily opt to enroll in the eFPS, file the return electronically and pay the corresponding taxes due thereon through the eFPS-AABs where they are enrolled. Taxpayers enrolled in the eFPS may enroll and maintain their account with any of the following EFPS-AABs:
- The following taxpayers are mandated to use EFPS:
- 2. Manual Filing of Tax Returns and Payment
- The following checks should be accepted in payment of internal revenue taxes:
- SUBMISSION OF ATTACHMENTS
- FILING OF “NO PAYMENT RETURNS”
- UNAVAILABILITY OF ELECTRONIC FILING / PAYMENT FACILITY
- STEPS IN PAYING TAXES ONLINE
Are you self-employed or a mixed income earner? Watch the Bureau of Internal Revenue’s Webinar on how to file your Annual Income Tax Return for Self-Employed Taxpayers and Mixed Income Earners.
FILING AND PAYMENT OF INTERNAL REVENUE TAXES
Electronic Filing of Tax Returns
A. eBIRForms
For taxpayers required to use or voluntarily opt to use the eBIRForms, file the tax returns electronically and pay the corresponding taxes due thereon through any of the following:
- Authorized Agent Banks (AABs) under the jurisdiction of the concerned Revenue District Office (RDO) where the taxpayer is registered.
- Revenue Collection Officers (RCOs) under the RDO where the taxpayer is registered through the Mobile Revenue Collection Officer System (MRCOS) in areas where there are no Authorized Agent Banks (AABs).
- Electronic Payment:
- Development Bank of the Philippines’ (DBP) Pay Tax Online (for holders of Visa/Mastercard Credit Card and/or BancNet ATM/Debit Card
- Land Bank of the Philippines’ (LBP) Link.Biz Portal (for taxpayers who have ATM account with LBP and/or holders of BankNet ATM/Debit/Prepaid Card or taxpayer utilizing PESONet facility for depositors of RCBS, Robinsons Bank and Union Bank)
- Union Bank Online Web and Mobile Payment Facility (for taxpayer who has an account with Union Bank of the Philippines)
- Mobile Payment (GCash/PayMaya)
Taxpayers who shall avail of the electronic payment (ePay) may access the above-mentioned ePAY facilities by accessing the BIR website. Upon clicking the “ePay” icon, user shall be directed to the ePayment icons.
Taxpayers may also directly access the following AAB links:
- LBP – www.lbp-eservices.com/egps/portal/index.jsp
- DBP – www.dbppaytax.com
- Union Bank – online.unionbankph.com
- Taxpayers who will avail of Mobile Payment (GCash or PayMaya) shall download and install the GCash or PayMaya mobile application from the Google Play Store or Apple App Store or Huawei AppGallery.
- Taxpayers/holders of BancNet ATM Card should register their account with BancNet in order to avail the bank’s online payment facility.
- Taxpayer who has an account with the following BancNet participating banks can use their ATM Card in paying taxes online with LBP’s Link.Biz Portal and DBP’s Pay Tax Online:
- Asia United Bank
- BPI Direct BanKo
- CTBC Bank
- Citystate Savings Bank
- Development Bank of the Philippines
- Enterprise Bank
- Entrepreneur Bank
- Equicom Savings Bank
- MASS SPECC
- Philippine Band of Communications
- Phil. Postal Savings Bank
- Philippine Veterans Bank
- Philtrust Bank
- Sterling Bank of Asia
- Sun Savings Bank
- Tiaong Bank
Taxpayers shall bear any convenience fee that may be charged by banks and/or mobile companies for using their online payment facilities.
The following taxpayers are required to use eBIR Forms:
List of Taxpayers | Related Issuance |
Top Withholding Agents | Revenue Regulations (RR) No. 31-2020 |
Accredited Tax Agents/Practitioners and all its client-taxpayers | RR No. 6-2014 |
Accredited Printers of Principal and Supplemental Receipts/Invoices | RR No. 6-2014 |
One-Time Transaction (ONETT) taxpayers who are classified as real estate dealers/developers; those who are considered as habitually engaged in the sale of real property who are using/filing BIR Form No. 1606 together with the BIR Form No. 2000OT and regular taxpayers already covered by eBIRForms | RR No. 9-2016 |
Those who shall file a “No Payment Return” | RR No. 9-2016 |
Government-Owned-or-Controlled Corporations (GOCCs) | RR No. 9-2014 |
Local Government Units (LGus), except barangays | RR No. 9-2014 |
Cooperatives registered with National Electrification Administration (NEA) and Local Water Utilities Administration (LWUA) | RR No. 9-2014 |
B. Electronic Filing and Payment System (eFPS)
For taxpayers required to use or voluntarily opt to enroll in the eFPS, file the return electronically and pay the corresponding taxes due thereon through the eFPS-AABs where they are enrolled. Taxpayers enrolled in the eFPS may enroll and maintain their account with any of the following EFPS-AABs:
- Bank of Commerce
- Bank of the Philippine Islands
- China Banking Corporation
- Citibank, N.A
- CTBC Bank (Formerly Chinatrust Bank)
- Deutsche Bank
- Development Bank of the Philippines (DBP)
- Eastwest Banking Corporation
- Hongkong and Shanghai Banking Corporation (HSBC)
- Land Bank of the Philippines (LBP)
- Metropolitan Bank and Trust Company (Metrobank)
- MUFG Bank (Formerly Bank of Tokyo-Mitsubishi UFJ. Ltd.)
- Philippine Bank of Communications (PBCom)
- Philippine National Bank (PNB)
- Philippine Veterans Bank
- Philippine Trust Company (Philtrust Bank)
- Rizal Commercial Banking Corporation (RCBC)
- Security Bank Corporation
- Standard Chartered Bank
- Union Bank of the Philippines
- United Coconut Planters Bank (UCPB)
The following taxpayers are mandated to use EFPS:
1. | Taxpayer under Taxpayer Account Management Program (TAMP) | RR No. 10-2014 |
2. | Accredited Importer and Prospective Importer | RR No. 10-2014 |
3. | National Government Agencies (NGAs) | RR No. 1-2013 |
4. | All Licensed Local Contractors | RR No. 10-2012 |
5. | Enterprise enjoying Fiscal Incentives (PEZA, BOI, Various Zone Authorities, Etc.) | RR No. 1-2010 |
6. | Top 5,000 Individual Taxpayers | RR No. 6-2009 |
7. | Corporations with Paid-up Capital Stock of P10 Million and above | RR No. 10-2007 |
8. | Corporations with Complete Computerized Accounting System (CAS) | RR No. 10-2007 |
9. | Government Offices, in so far as remittance of withheld VAT and business tax is concerned | RR No. 1-2013 |
10. | Government Bidders | RR No. 3-2005 |
11. | Insurance Companies and Stockbrokers | RR No. 7-2004 |
12. | Large Taxpayers | RR No. 2-2002, as amended |
13. | Top 20,000 Private Corporations | RR No. 2-98, as amended |
- The above-mentioned taxpayers who are not yet enrolled in eFPS and have not yet enrolled in any eFPS-AAB shall use the eBIR Forms for e-filing and pay the corresponding taxes through any payment facilities available.
- In case of newly created tax returns that are not yet available in the eFPS Facility but already available in the eBIRForms, taxpayers shall file the said returns using the eBIR forms and pay through any payment channel enumerated in Section I (A) of this RMC.
2. Manual Filing of Tax Returns and Payment
Taxpayers who are otherwise not required to file electronically (either through the eBIR Forms or the eFPS), nor voluntarily opt to do so, shall use the electronic or computer-generated returns or photocopied returns in its original format and in Folio/Legal size bond paper. Taxpayers should completely fill out the applicable fields and sign the returns, otherwise they shall be subjected to penalties under Sec. 250 of the Tax Code, as amended. the corresponding taxes due thereon shall be paid through any of the following:
- Authorized Agent Banks (AABs) under the jurisdiction of the concerned Revenue District Officer (RDO) where the taxpayer is registered
- Revenue Collection Officers (RCOs) under the RDO where the taxpayer is registered through the Mobile Revenue Collection Officer System (MRCOS) in areas where there are no AABs.
Taxpayers are hereby notified on the provisions of RMO no. 8-2009, as amended, quoted as follows:
“4. The issuance of RORs shall be limited to tax payments, in cash not exceeding the amount of twenty thousand pesos (P20,000.00) per return. However, there shall be no limit on the amount if payment is made thru checks.
The following checks should be accepted in payment of internal revenue taxes:
- Manager’s or Cashier’s Checks;
- Checks drawn against a joint or multiple account for the purpose of tax payment of the personal tax liability of any of the members thereof provided that the name and TIN of the paying member/s shall be indicated on the back/face of the check;
- Checks drawn against the personal account of the owner of a single proprietorship in payment of the tax liability of his/her business;
- Checks drawn against the account of a single proprietorship in payment of the tax liability of the owner provided that the name and TIN of the owner are indicated at the face/back of the check;
- Checks issued by either of the spouses to pay their income tax liabilities.”
In the issuance and accomplishment of checks for the payment of internal revenue taxes, the taxpayer shall indicate in the space provided for “PAY TO THE ORDER OF” the following data:
- presenting/collecting bank or the bank where the payment is to be coursed and
- FAO (For the Account of) Bureau of Internal Revenue as payee.
For Manager’s or Cashier’s Checks, the issuing bank shall indicate on the space for ‘PAY TO THE ORDER OF” the following data : (1) presenting/collecting bank or the bank where the payment is to be coursed and (2) FAO (For the Account Of) Bureau of Internal Revenue as payee and under the *Account Name* the Taxpayer’s Name and Taxpayer Identification Number (TIN).
Taxpayers who are not mandated to use the eFPFS and eBIR Forms Facility are encouraged to electronically file their returns through the eBIR Forms Facility and pay the corresponding taxes due thereon through any payment channels mentioned under Item I(A) of this Circular.
SUBMISSION OF ATTACHMENTS
Electronically filed and/or paid returns using eBIRForms or EFPS without any attachment required, need not submit printed copy of e-filed tax returns to the office under the Large Taxpayers Service/Revenue District Offices.
Taxpayers with required attachments to their duly filed and paid tax returns, such as Summary Alphalist of Withholding Agents of Income Payments Subject to Withholding Tax (SAWT) required under BIR Form Nos. 1701, 1701A, 1701Q, 1702Q, 1702RT and 1702MX or Quarterly Alphalist of Payees (QAP) required under BIR Form No. 1601EQ and 1601FQ (which shall be prepared using the Data Entry Module) or Monthly Alphalist of Payees (MAP) required under BIR Form No. 1600 or the Summary List of Sales (SLS)/Summary List of Purchases (SLP)/Summary List of Importation (SLP) for all VAT Taxpayers required under BIR Form No. 2550! (which shall be prepared using the RELIEF) shall be submitted through esubmission@bir.gov.ph.
However, for attachments to Annual/Quarterly ITRs duly filed electronically, an additional option is given to taxpayers otherwise not required to submit via SAWT their claimed tax credits per existing regulations. They may submit via Electronic Audited Financial Statement (eAFS) system the claimed tax credit certificates in lieu of attaching the physical copy of their claimed tax credits in the quarterly ITRs. The email confirmation received from eAFS shall serve as proof of submission of said attachments. Other submissions made through SAWT shall continue to observe procedures per existing regulations.
Submission and storage of original copies of attachments shall observe the provisions of relevant issuances.
FILING OF “NO PAYMENT RETURNS”
Filing of “No Payment Returns” by non-eFPS users shall be made electronically through the eBIRForms facility. Taxpayers who filed “No Payment Returns” electronically shall likewise be required to file their subsequent tax filings electronically, regardless of payments.
However, the following can file manually their “No Payment Returns” with the RDO where they are registered using the electronic or computer-generated returns or photocopied returns in its original format and in A4 size bond paper.
- Senior Citizen (SC) or Persons with Disablities (PWD) filing for their own returns;
- Employees deriving purely compensation income from two or more employers, concurrently or successively at any time during the taxable year, or from a single employer, although the income of which has been correctly subjected to withholding tax, but whose spouse in not entitled to substituted fling; and,
- Employees qualified for substituted filing under Revenue Regulations No. 2-98 Sec. 2.83.4, as amended, but opted to file for an ITR and are filing for purposes of promotion, loans, scholarships, foreign travel requirements, etc.
UNAVAILABILITY OF ELECTRONIC FILING / PAYMENT FACILITY
In general, taxpayers who are required to file electronically but filed and paid manually shall be liable for violation tantamount to Wrong Venue filing pursuant to Section 248(A)(2) of the NIRC of 1997. I
STEPS IN PAYING TAXES ONLINE
- Development Bank of the Philippines’ Tax Online:
Step 1: Visit www.dbppaytax.com and fill out vital details such as:
- TIN
- Form No.
- Tax Type
- RDO No.
- Period Covered and Amount
Step 2: Check if all information are correct
Step 3: Choose your mode of payment
Step 4: Input your personal details and contact number. A one-time password (OTP) will be sent to your mobile device.
Step 5: Submit the OTP within 5 minutes
Step 6: Click “Pay” to finish the transaction
After payment confirmation, there will be a transaction summary which can be downloaded as a PDF. An email will also be sent to you for transaction details
2. Land Bank of the Philippines’ Link.Biz Portal
Step 1: On the Landbank website, click on the E-banking tab, select “Other e-Banking Services”, and click “Link.BizPortal”
Step 2: Click on the logo of the Link.Biz Portal and this will direct you to the Link.Bizportal website
Step 3: Click “Pay Now’ and enter or select “Bureau of Internal Revenue” as merchant, then click “CONTINUE”.
Step 4: Select “Tax Payment” as transaction type and press “CONTINUE”
Step 5: Fill out the details in the form.
Step 6: Continue to the next page and make a final review before authorizing your payment by doing either of the following:
- Entering your Landbank or Bancnet account details
- Entering your log-in credentials with other banks
Step 7: Proceed with the payment and click “SUBMIT”
Step 8: Once you click submit, a payment confirmation will be displayed in the Landbank Link.Biz for your successful tax payment and will also be sent to the e-mail you have provided
3. Union Bank Online (Mobile and Web Payment Facility):
Step 1: Log in to UnionBank Online or the UnionBank mobile app
Step 2: Click on “Pay Bills” and select “Bureau of Internal Revenue”
Step 3: Fill in the required biller information.
Step 4: Review payment details
Step 5: Confirm payment
Step 6: An email confirmation will also be received by the taxpayer in the email address he/she provided
4. GCash
Step 1: Download and install the GCash App
Step 2: Log in the GCash App using your PIN
Step 3: Make sure you have sufficient funds in your GCash wallet
Step 4: Click “Pay Bills” at the bottom of your screen. Under “Biller”, select “BIR”
Step 5: Accomplish the “Pay BIR” form
Step 6: Confirm the details of your payment. Please note that a GCash service fee will be charged to your GCash wallet.
Step 7: You will receive a text message and an in-app confirmation upon successful transaction.
5. PayMaya
Step 1: Download the PayMaya app in the Google Play Store/Apple App Store/Huawei App Gallery
Step 2: Create or log in to your PayMaya account
Step 3: From the Home Screen, tap Pay Bills
Step 4: Look for the BIR logo or type BIR in the search box
Step 5: Enter the required information
Step 6: Confirm the details of your payment. Review the details of the transaction before tapping the “Pay” button. After tapping the “Pay” Button on the confirmation page, you will be directed to the processing page.
Step 7: A confirmation receipt will be displayed. You will also receive an SMS and an e-mail
Hi, I’m Marie! I am a Certified Public Accountant by profession with an MBA Degree. A Tax Maven. I have worked with the country’s premier tax collecting agency for years. If you have any tax-related Qs, shoot away and I will answer you in a jiff!)
can u post the same thing using the new form?
The one above uses the new form
Hi! Ms. Marie, I'm Jenny and I will be starting my business this coming mid of May and I'm also working in a private sector (so basically I fall under mixed income po); my business is an ice cream parlor, ano po ba ang mga dapat kung bayaran sa BIR in a monthly and quarterly basis and what forms do I have to fill-up. Then in my COR it mentioned there percentage tax-monthly and witholding tax-expanded, ano po ba and difference nito and both ko po bang dapat bayaran ito and how will I compute. Thanks po and hope you can help me.
Hi, Jenny! Congrats on your business! Percentage tax is the business tax you will pay on your gross receipts (if it exceeds 1.9M, you will become a VAT taxpayer na). Ang babayaran mo is 3% of your gross sales/receipts (gross meaning yung pumasok na sales mo. di mo pwedeng ideduct ang expenses) and you pay this on or before the 20th of the following month. As to the expanded withholding tax, maraming income payments ang subject sa expanded withholding tax. I am assuming yung nilagay na withholding tax-expanded sa COR mo is EWT on rental (are you renting your space? If EWT (expanded withholding tax) on rental, you pay 5% of the rent expense (net of VAT). Withholding tax is different from the percentage tax ha. Dito sa 5% withholding tax (assuming na you are subject to EWT on rental), if you pay your rental expense to your lessor, you deduct 5% from the rent you are going to pay, net of VAT. Example:
Rent: 112,000 (assuming also, that your lessor is VAT registered)
Remove the VAT: (112,000/1.12) –
Rent Expense, excluding VAt 100,000.00
Withholding Tax (5%*100,000) 5,000.00
Take note na in withholding the 5%, you become like a "tax agent" ng gubyerno. You are helping the government collect the 5% (like the way your employer withholds tax from your salary)and easing the burden of the lessor in paying the taxes (you need to give him a certificate of tax withheld bir form 2307 quarterly) that is due from him (kasi nawithhold and naremit mo na part of his tax payable). The EWT is due on or before the tenth of the following month. I think the BIR gives a seminar before they release the COR.
This is a tax guide on professionals, but more or less, same naman din ang mga taxes due on single proprietors. ftp://ftp.bir.gov.ph/webadmin1/pdf/taxguide.pdf
Thank you so much for this 😀
hi! Ms. Marie. I'm Ana. I'm starting a photo and video business. ano po b ang mga dpat kong byran at tuwing kelan ako dpat mgbyad considering n ung business is occasional lng… e.g. pg my ngpphoto or video coverage lng…pano po b un? and kelan po ako dpat mghire ng accountant? mga mgkno po b byad s services nla??
hi! ms. Marie… I'm Ana.. i'm in the process of registering my business of photo and video services… ask kolng po sna pano po b ang pgpa file s BIR ng business ko n un? at tuwing kelan po b ang mgging filing ng income tax? considering n occassional lng po ang aming income..e.g. pg my ngpacoverage lng po gnun… kelan dn po ako kelangan mg hire ng accountant.. at mgkno po ang services nla???
Hi! I have a question, my husband will be moving to Manila to work as a professional consultant / entrepreneur. Are you able to tell me if he would have to pay tax in the Philippines if he is living there but his company is based overseas? If tax is due in the Philippines – are you able to tell me at what rate? Thank you! 🙂
Hi im presently a financial advisor of Philam Life since june 2013 (got licensed) so far i havent filed my ITR (which makes me late filing)
since i came from the pricate sector employee, BIR says i need to register as self employed muna, which to me means the ITR might take a while plus i learned that Philam requires for reactivation of advisor staus is ITR…i knowi might pay late charges but i asked already, king nai file ko nung APril 15 2014 wala pala ako babayaran dapat since im below their ceiling of taxable…philam already withholds tax from commissions…
Hi we rent our place po to a corporation do I need to file 1701Q or just 1701 every April 15.
thanks
You should register as a real estate lessor.You will be subject to the quarterly(1701Q) ITR, annual ITR (1701) and percentage tax or VAT depending on your gross receipts
Good afternoon po. I`m very confused po sa case ko ngayun. Before po employed po ako ng isang private company as a teacher. But now po I`m just working as homebased online teacher nalang and as an Independent Contractor po ng isang company. Self-employed nadaw po ang status ko under this contract. They are withholding 10% tax from our salary every month and saying that they will be issuing me BIR 2307 quarterly only. Should I just present these quarterly 2307 forms to BIR for filing of the ITRs in April next year? Tama po ba ang gagawin ko. I have never filed for ITRs eversince but I want napo sana magfile next year. Your response is well-appreciated. 🙂
Hi, Josel. Yes, tama, considered ka nang self-employed, which means you need to register as self-employed at your RDO (Revenue District Office of the BIR) which has jurisdiction over your place of business. Ang una mong gawin is check your TIN and ipa-modify mo from employee to self-employed. Then register with the RDO. There would be a seminar naman for new registrants before they issue you your certificate of registration. Since magreregister ka as self-employed/professional, ikaw ang kailangang mag-asikaso sa mga taxes mo. For instance, if ang registration mo with the BIR is as a non-VAT registrant, kailangang magbayad ka ng percentage tax monthly and kelangang mag-file ka rin ng quarterly Income Tax Return and magiging attachments mo sa tax return mo ang BIR Form 2307. Here is a primer / Tax Guide for Professionals http://www.bir.gov.ph/images/bir_files/public_information_and_education/taxguide1.pdf
I am a Financial Adviser and I receive commission only if I am able to close a deal on a monthly basis. What is the difference between Form 1701 and Form 1701Q. Why do I have to file both and not just the yearly ITR Form 1701?
1701Q is your Quarterly Income Tax. I think this was devised para di ka mahirapang mag-file and magbayad ng annual ITR (1701). The schedules for filing are:
1st quarter (Jan – March) April 15
2nd quarter (April-June) Aug 15
3rd quarter (July-Se-t) Nov 15
You wont file your fourth quarter anymore but instead, you will consolidate all your income for the year in your annual income tax return (1701). All the payments you made for the quarterly income taxes including the income tax withholding (bir form 2307) will be deducted from your tax due. Imagine if you have to pay this one time (without filing your quarterly income tax returns and especially if malaki ang gross receipts mo) sa ITR mo. If you pay quarterly, mas magaan dahil you would already have advance payments
Hi Ms. Bulatao, my question for you is this.
I am a financial advisor with an insurance company. I have earned a little from selling insurance and investments last year. I also have a business that has not had any operations until now. I got my 2307 from the insurance company but do not know where to put it exactly on the ITR. The business side is all zero. I am getting the impression that I should be given a tax credit because my commissions were below my personal exemption (50,000 for single). Is this correct? whenever I put my total commmissions under Non-operating income, I get zero on everything on the first page. Isn't it supposed to give me back all the taxes withheld from my commissions as a tax credit? If I put all my commission under Schedule 3- Other Taxable Income from Operations not Subject to Final Tax, I still get zero on the first page. Maybe my impression is not correct and zero is the really what should be reflected. I am an EFPS user. May I kindly ask for an advice? Many thanks.
Your commission income which would be under schedule 2, item 1 should equal the amount of income payments in the bir form 2307. Deduct your itemized or optional standard deduction and personal exemption to get your taxable income. Get the sum of all the creditable tax withheld in your bir form 2307 for the first 3 quarters and the 4th quarter (this is usually the 10% or 15% of the income payment) and put them on schedule 9, items 3 & 4.
Hi Ms. Bulatao,
In filing my 1701Q, i deduct my 2307. For my ITR, can i still deduct the 1st 3 quarters of 2307? And should i attach them also to my ITR?
patulong nman po.. ksi ngpaparent po kami ng apartment for 4,500 pesos po patulong naman po sa computation.
papatulong naman po sa pgfill-up ng 1701 form. ngpaparent po kami ng aprtment for 4500 pesos monthly patulong po sa computation.
Hi po? What if masyadong mahaba yung trade name? Di po kasya sa blanks provided ng form 1701. Ano po dapat gawin?
good day. ang coverage po ba ng annual income tax is from january-december? bale ung 3 quarters na nabayaran na plus the months oct, nov and dec. pls enlighten me. thanx.
Since annual, yes, it covers January to December.Ang purpose ng 3 quarters wherein you are required to file/pay your quarterly ITR is actually to lighter your load, para pagdating ng year-end or April when you are required to file your ITR,di ka mahihirapan sa malaking, minsanang babayaran (think of employees and their monthly withholding tax too. if there is no withholding and minsanan nila babayaran pagdating ng april, anlaki ng babayaran.
You are only required to file your quarterly ITRs for the first 3 quarters. 1st quarter due on April 15, 2nd quarter due on Aug 15 and 3rd quarter due on Nov 15. After that, you consolidate your receipts/expenses from the 1st to fourth quarter and declare them in your annual ITR. Anything na binayaran mo (tax due.do not include penalties if there are any)on the quarters are deductible on your annual income tax due.
good day po! pa help po sana sa filling ng ITR 1701 self employed. nabasa ko po kc na pwede i-deduct ang monthly percentage tax at Registration Fee di kolang po alam kung saang section sya ilalagay under "Schedule 6 (Continued) Ordinary Allowable Itemized Deductions" or "Schedule 9 – Tax Credits/Payments " salamat po…
Deduct mo siya sa Schedule 6, Item 32 "Taxes and Licenses" because expense mo siya (Schedule 9 is yung mga quarterly income tax payments mo, creditable tax withheld supported by bir form 2307 na puwede mong ideduct sa TAX Due mo) and deductible sa net sales/receipts mo. Take note that there are taxes that you cannot deduct from income ha?These are:
1. Philippine income tax
2. Donor's tax
3. Special assessment
4.Income tax imposed by a foreign country
5.stock transaction tax
6. VAT on business
ok po! maraming salamat po ^^V God bless po…
Hi, I have the same question as Red but using the eBIR form, hindi nya inaallow mag-enter ng value for Taxes and Licenses because I'm using 40% OSD method. Is there another way na ma-deduct ko yung month percentage tax sa 1701 pag naka-40% OSD? Thanks!
40% OSD replaces all your expenses including your taxes and licenses that is why hindi mo ma-enter ang value ng taxes and licenses
Hi are the Percentage Tax paid deductible? TIA
Hi,..Ma'am,.tanong ko lang po kung meron po bang provisions regarding sa pag Issue ng OR?…im working now to a non-profit organization,.at meron po kaming mga talents,..at lahat po sila ay walang OR?,.and hinde rin sila registered as self employed,..parang nag start lang din kasi as lovegift,.hinde naman ganun kalaki ang kanilang natatanggap,..nung nag conduct po kami,ng seminar regarding po sa pinapatupad po ngayon ng bir,.na dapat lahat ng mga professionals ay registered,.at dapat may issue silang OR,..halos lahat po ay nagreact,.at ang concern nga nila hinde naman ganun kalaki ang kanilang natatanggap,.okay lang po ba yun na hinde na sila mag issue ng OR sa amin?
Ang sabi Taxation is the lifeblood of the government and every income we earn or receive is taxable. So kailangan din they need to register also as talents (professionals) and do their share like all of us are doing. The consequence kasi if they don't issue you an OR ay if you will be subjected to bir audit, all the payments you made to your talents since hindi sila nag-issue ng OR to support your expenses ay madidisallow ang mga expenses mo related to them. Also, you need to withhold 10% from their talent fees everytime you do a payment.
maraming salamat po maam,.opo meron naman po kaming 10%withhold sa mga fees nila..yun nga lang po wala sila talagang mga OR,.at this year din po implement na din namin yung 15%,.kung hinde po sila makapag pakita sa amin ng ITR nila with BIR receive stamp…maraming salamat po ulit maam..God bless you..
Hi Ms. Marie,dapat bang audtied FS ang iaattached sa annual ITR.or may certain condition / scenario na hindi naman.tia
Hi Ms Marie, required ba na dapat audtied FS ang iaattached sa annual ITR?or is there any condition / scenario na hindi naman.tia
The CPA Certificate is required if the gross quarterly sales, earnings, receipts or output exceed P 150,000.
Follow up question to the one posted by Irene above, Ms Marie. If it does not exceed P150,000, no need for an audited FS? I'm newly registered as a sole proprietor kasi and I'm looking for info kung ano mga kailangan ko i-attach when filing for the quarterly income tax (I sell fruits, usually bananas–wholesale/retail, no rentals since I only deliver based on orders). Also, can you refer (of if you have it here) me samples of how the attachments for form 1701 would look like? Grabe, nalilito po kasi ako kung ano mga kailangan ko i-prepare pag nag-file na. Thanks 🙂
No need and maybe you can opt for optional standard deduction since mas madali to prepare your ITR. No need to put the attachments.
Gross sales XXXX
Less: 40% O.S.D. xxxxx
Net Income xxxxx
Less: Personal &
Addl Exemptions xxxxx
Net income subject
to income tax xxxxx
Tax Due xxxx
Hello po, pwede po ba leave blank ung spaces na wala ka, like spouse info kung housewife po sya, at ung mga tungkol sa real estate at ung overpayment po
Hello po, pwede po ba na mag leave ng blank kung not applivable ung particular section or item, maliit na parlor lng po, wala pong info sa mga overpayment or hosewife po ung spouse wala din info, wala din employees
Hi. Good Day! Please help. Do I still need accredited CPA to do my ITR 2014? or should i fill up no operations and pass it to BIR??
I am unemployed from May 2014 to Jan 2015.
Hi Ms. Marie, ano po yung puwede maging required attachment for Proof of prior years' excess credits, if applicable when filing for 1701? Thank you po.
Hi po,
Leasing po kasi business namin and may Monthly na 3% tax and Quarterly na 40% if so dalawa babayaran ko po ba na taxes or pwede ideduct yung 3% since bayad na?
The 3% you are paying monthly is the percentage tax. Yung quarterly income tax is para sa Income tax. Magkaiba silang tax Pwede mong ideduct yung 3% na binayaran mo sa gross income mo when you are preparing your annual income tax return. (Itemized deduction (Schedule 6-taxes and licenses) to be filed on april 15. However, if pinili mo ang optional standard deduction (40% of gross receipts), di ka na pwedeng mag-itemized deductions
Hi Ms. Marie. Im Janica, job order po ako. My concern is how to compute po yung kaialngan kung bayaran na tax. Ang gross income ko po ay estimated 150,000. Tapos yung tax withheld ko ay 3,000 something. May dependent po ako na isa. May I know how to compute po? paano ko po gagamitin ang 40% na optional and equivalent to 75000 na deductions ko for exemption? Thanks po.
gross receipts xxx
less: 40% of gross receipts xxx
net xxx
less:personal exemptions 50,000
addl exemption 25,000
total exemptions 75,000
Net income subject to tax xxxxx
tax due xxxx
tax withheld (shld be supported
by bir form 2307) xxxx
tax still due xxxxx
incom
Hello maam, maliit na parlor lng po kami, first time namin mag 1701, may mga items po na wala naman kami mailagay like assets and liabilities, ano po ba ilalagay dun? Tsaka ano po ba minimum attachment for filing 1701?? Less than 100 k po lng kmi annual, need pi ba fs? Thanks po
Hi Ms. Marie I am a freelance layout artist. Dati akong naging regular employee sa isang publishing company pero nung nag ask ako sa company re TIN number ko hindi daw ako nakuhaan ng TIN at ako na daw kukuha nito as self-employed. Ang tanong ko lang po anong klaseng BIR form ang dapat kong iaaply kasi hindi regular ang income ko minimal lang talaga kung may project lang. Ano po ung Non-Vat pwede ba ako dun? May 2 dependents din ako. Pero nagbabalak din po sana akong magtayo ng small design business or office or homebased na office nais ko po sana malaman kung alin po ba dapat uunahin ko pagregister muna ng business or pagkuha ng TIN/BIR? Maraming salamat po.
Hi Ms.Marie.Ask ko lang pano po kung 5 months pa lng ang nababayaran….august to decemder. Do i still need to file my annual income tax?…if yes, magkano po i deduct ko sa personal exemption?…your response is highly appreciated.
You still need to declare your income for the five months. as to the personal exemption, same pa rin na 50,000 and if you have qualified dependents, 25,000 each
Hi ms marie, im really confused with the computerized forms. I have my own business (dental clinic) and im a govt employee. Do i need to put my compensation income in my itr? Even with the tax withheld and exemption ang laki ng tax ko, around 15-20k. But if i dont put it, less than 5k lng. Please help. Thank you!
Hi ms marie, im really confused with the computerized forms. I have my own business (dental clinic) and im a govt employee. Do i need to put my compensation income in my itr? Even with the tax withheld and exemptions ang laki pa din ng babayaran ko, around 15-20k. If i dont put it less than 5k lng. Please help. Thank you.
Hi ms marie, im really confused with the computerized forms. I have my own business (dental clinic) and im a govt employee. Do i need to put my compensation income in my itr? Even with the tax withheld and exemptions ang laki pa din ng babayaran ko, around 15-20k. If i dont put it less than 5k lng. Please help. Thank you.
Good afternoon po! Thank po for giving me a very comprehensive answer to my question before. This time po may i verify lang po ako. I got registered finally as self-employed (formerly employed) last Feb. 18,2015. Meron napo akong earnings nung Feb. pero di po ako nag issue ng OR kc nga March 3,2015 pa po narelease ang COR ko at temporary cert pa. On 3/3/15 too, I asked the printing office to for ORs and until now 3/31 wala parin daw. My concern is, the month of Feb and March, diko po ma issue han ng OR ang company na naka kontrata ako as independent contractor (online homebased teacher). They just issue me 2307. I`m going to file my 1701Q this 10th of April. If my ORs will be released before 10th of April, pwed po ba ako mag issue ng ORs for Feb and March? At kung pwede (allowable), ano po ipepetsa ko…hope for your quick response… thanks po… 🙂
Hi Ms. Marie . I am self employed . During the initial quater I have no transaction but I filed ITR but failed to put x on the method of deduction. The next quarter I choose OSD this time with transactions. Can I use OSD in my annual return? In computing my annual return I got net loss of 5K after deducting the personal exemption. is the tax due (P250) (5000*.05) plus the total creditable tax withheld.
Hello, Ms. Marie. I'm an MD but who is receiving solely a salary from a company. So I pass an annual 1701 form. Nabasa ko na pagna-over ka ng 150000 ay magpapass ka ng 1701-AIF. Eh, sa isang quarter lang nangyayari ito. The rest is mostly less than that. Nabasa ko sa AIF na kelangan mo pang itemized ang lahat ng assets mo. and at most you need an accountant. My brother lang ang tumutulong sa akin sa pagfill-up ng form. Ano advise mo? thanks po.
hi po im jhohary patulong naman po. nag start po kasi ako nang busness ko. last month lang po. every 20th day of the month kilangan magbayad nang income tax. papaano ko po i conpute un. bago lang kasi ako kaya d kupa kabisado ung mga gagawin. salamat
Jhohary, ang babayaran mo monthly is not income tax. Ang babayaran mo most probably (tignan mo yung certificate of registration mo to be sure) ay percentage tax. Sa gross receipts or sales mo, 3% ang babayaran mong tax which will become due on or before the 20th day of the following month. Halimbawa, 60,000 ang gross sales mo (gross means hindi ka pa nagdeduct ng kahit na anong expenses). Ang percentage tax due mo is P1,800.00
hello ms marie, ganyan di po ang problema ko, medyo nalilito pa rin ako sa mga taxes na yan..
may mga tanong po ko i hope po you can send the answers in my emails if ok lang po.
1. dapat po ba match ang lahat ng gross sales mo na nilagay sa 2551-m sa gagawin mong ITR?
2. andami po ksing page ng bagong 1701 ngayon, lahat po ba un need i fill out? 12 pages po kasi un, parang ung first 2 page lang po ung masususlatan ko.
3. can you send me mam some sample ng 1701 filled out, kasi nalilito po kasi ako kung san ko ilalagay ung mga data at info dun?
4. dapat po ba sa bank pa din po ako magbabayad dba? 3 copies pa rin?
thank you po sana po masagot nyo, i'm really having a hard time filling out the form
ito po pala ang email ko: crizyellamak@gmail.com
thanks again.
hello po, im ana patulong naman po, my daughter is currently employed( since mid 2014) but before she joined the company she's working with now, she was a part time proctor meaning watching over students taking exams like IELTS so upon filing income tax this year, ang gagamitin nya ay BIR form 1701, mixed income receiving compensation and practising profession, mas malaki po ang compensation na natanggap nya last year, ang tanong ko po ay pwede po bang ilagay na EMPLOYEE ang line of business nya? un PSIC at PSOC dapat po ba related sa present work nya as employee? yun pong income nya as proctor ay less than 50K lng naman at nilagay ko un under Sch2 pero deneclare ko pa rin un total tax w/held at source sa expenses Sch6 taxes and licenses tama po ba pero ayaw pa rin magvalidate un ebirform dapat ko pa rin ba efill-up un sa balance sheet portion? salamat and God bless
Hi mam marie, nagclose po business ko last dec 2014 due to.bankruptcy… one year lng po tinagal ng business.. do i need to file po ng annual ITR this april?
Ang coverage ng ITR na ifafile on or before April 15, 2015 is 2014 and since may business ka since december 2014, you need to file your ITRIf nakaregister ka sa BIR, did you inform them of your closure? Kasi pag nagsasara ang business, inform ang BIR and kelangang magfile ng shortperiod return (your income for the year -start of the year until yung time na nagclose). Siguro mas maganda if you inquire if you have open cases with the bir and file your closure with them para di ka magkaroon ng open cases
Hi Ma'am, my friend has a sari sari store at sa new ebir fom, saan daw po nya i fill up yung cost ng goods na benebenta nya po? schdule 4b daw po ba? salamat po.
Sa Schedule 4A
please help po, pa advise narin po kasi yung sabi sa BIR nung 2008 na nag file aq for TIN, nagpaxerox at binalik lhat ng copy ng form sa kanila ayus na daw po un… bumalik pa ko nun para kunin un TIN Card wla naman advise na kung may kulang pa or may babalikan nun. naOndoy na din po kasi un mga papers. nagpunta ko BIR kahapon para kumuha ng Certificate of Registration, ang sabi may penalty aq dhil sa ITR? peo yearly nmn aq nagbabayad ng BIR Payment form 1906 na P500. gus2 ko po sana ma clear muna bago ko po pa compute at bayaran un 1701 form. thank you po.
Good pm Ma'm, pag sari sari store po ba saang schedule daw po ilagay yung cost ng goods (cost of sales)? schedule 4b daw po ba? salamat po
Hi Ms. Marie, after paying on AAB, will I still be required to go to RDO office? Thanks!
No need.
Hi Ms. Marie, Your site and your posts are very informative. Thank you very much for this. i am a first time ITR filer. I am an insurance agent and now studying the efiling of my 1701. my column about my spouse income. She is an employee.She claims all the xemptions for our dependents. Does it mean that I need to present as well the cert of tax withheld from her employer when I file my ITR?. Many thanks for your comments
If both husband and wife are income earners like in your case, you should accomplish one income tax return only. you compute the income tax separately on your respective incomes. the two will be added (item 78 in the ITR form) to arrive at a single net tax payable (overpayment) for tax filer and spouse. there will be a basic personal exemption of 50,000 each. since you will be filing a single return with the income tax computed separately, you need to present 3 copies of the certificate of tax withheld from her employer (bir form 2316).
able
Hi Ms. Marie paano po ba process. May dalawa po kami pinaparent na condo unit. Paano po kami makakacomply sa bir. Tas yung nagrerent sa amin binibigyan kami ng 2307. Wala rin kami iniisue na OR sa kanila. Acknowledgment receipt lang meron. Thank You..
You are a real estate lessor kaya you need to register with the BIR, especially since they are issuing BIR Form 2307. Ang 2307 is cert of creditable tax withheld meaning nagdededuct sila ng 5% (withholding agent sila) from your rental income and remit it to BIR. Ang implication nito is that the BIR can trace your income and will know how much your lessees are paying you via the BIR Form 2307 and the monthly creditable withholding tax which your lessees are paying. Register mo na lang sa Revenue District Office ng BIR
Hi Ms. Maire,
Referring to your statement: (gross means hindi ka pa nagdeduct ng kahit na anong expenses)
Meaning hindi rin po pwedeng i-deduct yung cost of sale or direct charges against that sale?
Your answer will be a great help 🙂
Thank you!
if you are paying your monthly percentage tax, yes, hazelle, dont deduct any expenses
Thank you so much Ms. Marie!
Hi Ms Marie,
im confused as to how to file for 1701. i have filled up the form and paid the balance to the bank? what will be the next step? according to the bank, they will process everything. according to BIR personnel (who is not sure of what he is saying) said that we still have to file it online then submit a physical copy to their RDO. hope you can enlighten me on this. Thanks!
If you belong to this group https://www.mommyunwired.com/2015/04/file-your-income-tax-return-now-to.html , you need to file it online. If not naman, no need.
mam pano po mag file online ng ITR ala po kasi ako babayaran sa annual
Hi Ms. Marie,
I just would like to ask if there is a need for me to file the 1701Q or would it be okay if I just submit 1701 at the end of this year?
You still need to file 1701Q
Hello po 1st time ko po magfile ng ITR. I am self employed. Working at certain TV network then rumaraket din po sa mga events. 3% po ang nakakaltas sakin for monthly percentage tax, ask ko lang po how many percent po ang dapat na tax if mag-issue ako ng OR sa government and private sector? To think na non-VAT po ang OR ko? How about if may outside the country ako na gig, how much tax should I pay for that? And how can I fill up the form 1701, I really need help its my 1st time po kc. Thanks. Looking forward to answer my questions in mind.
First of all,you need to register as self-employed at the bir. may ibibigay sa yo na certificate of regn with data on your registration and taxes you are subject to.you can also have your receipts printed with an accredited printer. if you have o.r, na (since you said non-vat ka), then you are subject to 3% monthly percentage tax. (by the way, if your gross receipts is 1,9191,500 and above, you need to register as a VAT taxpayer). since you are a resident citizen, ang income mo from inside and outside the philippines is taxable. same ang rate. iadd mo lang ang income mo from in and out of the philippines for the year. try downloading eBIRForms, if you enter your data there, automatic na nagcocompute so you wont have a hard time,
Hi Ma'am. Upon checking sa BIR may list po ng open cases ang Tita ko na doctor. May clinic po siya dati at last 2010 hindi na po operational ang clinic. Lumabas po sa BIR na may mga pending siyang returns na kailangan i comply hanggang ngayon (2551M at 1701) paano po ma stop yun eh retired na po yung Tita ko? at kung talagang may penalty po kami mga magkano po kaya yun? Please advise po ng pwede namin gawin para ma clear sa BIR. Thank you very much!
Punta ka sa Taxpayer Service Section, fill up form 1905, here is the link of the form including the requirements http://www.bir.gov.ph/index.php/registration-requirements/primary-registration/application-for-registration-update.html para ma-end date na sa tax system ng bir ang registration ng tita mo. you still have to pay the open cases though. if you have records to prove na nagstop na ang business ng 2010 you can file a no transaction return but you have to pay the compromise penalty for late filing. The BIR by the way released a new revenue memorandum order on compromise penalties https://www.mommyunwired.com/2013/04/penalties-for-late-filing-and-payment.html
Ms. Marie…. follow up question lang po re: sa real estate. Paano po yun di pa registered sa BIR yung 2 unit ng condo so hindi po muna kami mag file g 1701 ngayong April 15? Tama po ba? pero one year na rin po kami nagpapa rent. at nakakareceive ng 2307. .. Please help….
Since when were you receivng rent income from the condo? Ang coverage ng ITR to be filed on april 15, 2015 is taxable year 2014. If you earned income from 2014 even if you have not registered, kailangang ideclare mo pa rin ang income via the income tax return and pay penalties on business taxes (percentage or vat) which you failed to pay during the year you operated. the best you could do is go to the revenue district office, register your business and file corresponding returns
Hi Ms. Bulatao,
I include my credible tax withheld 2307 in my 1701Q. In filing 1701, can i still deduct the 2307 of the 3 quarters? Thank you
in your final annual ITR (bir form 1701), you consolidate your income from 1st to 3rd quarter. compute mo tax due then deduct the 2307 for the first three quarters and the final quarter plus you also deduct any tax due paid during the quarters
Maam Marie, ask ko lang pag OSD yung method of deduction gagamitin, part II lang ba ang kailangan i fill up, o lahat ng sections sa form dapat i fill up?
good morning mam marie..
nag enter na po ako ng amount sa gross na 42,000 less expenses and cost of sales,,,at ang lumabas na tax income ay 27, 485..pero zero ang lumalabas na bbayaran ko po dahil sa may personal exemtion pa na nakalagay na deduct sa net taxable income…paano po eto mam
wala kang babayaran, pero kelangan mo pa rin mag file
Hi Ms. Marie pano po computation ng ITR pag practicing profession lang… professional fee ko lang is 14,000 less withholding tax ng company na 10% so magiging 12,600 na lang makukuha. pano po un computation ng 1701? thanks
Hi Marie. I file my 2551m, 1701Q and 1701. My question is: pwede ko bang ilagay yung ibinabayad kong 3% monthly sa 1701 para makabawas sa total tax due?
I file my 2551M and 1701 because that's what my COR says i should pay. Some say i should file also a 1701Q. One accountant said no need because it's not in my COR. Another question po is: yung ibinabayad ko ba na 3% (2551M) ay pwede ko ilagay sa 1701 para makabawas din sa total tax due? Thanks.
3% percentage tax can be deducted on schedule 6 item 32. (see similar question above) provided you're doing itemized deduction ha. you still need to file 1701Q
Ma'am paano po pag may idedeclare ako na commission worth 1M (as other income) mixed income kasi ako. kailangan ba talaga CPA ang gumawa ng returns ko? at kailangan pa ba ng audited fs
Hi ms. Marie! Nagresign ako sa work last january 16, 2015. Ung ITR ko ba for the year 2014 ay automatic na binayaran na ng employer ko? How about ung salary n nareceived ko last jnuary payday and ung convertions ng VL ko into cash. May kailangan pa po ba ako ifile? Thank you!
hi ms marie,tanong ko lng kailangan din ba ung sari-sari store owner na mgpass nung itr?..e d nga kmi umabot ng 50 000 a year..at ung form masxadong malalim na accountant lng nkaintindi,every month nga pla kmi ngbabayad..kailangan ko pa rin po ba na mgbyad ng quarterly?…pra saan?..at anung form?..ung nkalagay sa percentage tax namin is monthly..
gud pm maaam marie,
RE POST: nag enter na po ako ng amount sa gross na 42,000 less expenses and cost of sales,,,at ang lumabas na tax income ay 27, 485..pero zero ang lumalabas na bbayaran ko po dahil sa may personal exemtion pa na nakalagay na deduct sa net taxable income…paano po eto mam – See more at: https://www.mommyunwired.com/2014/04/how-to-file-your-bir-form-1701-income.html#sthash.tYXAhq72.dpuf
0 ang tax due mo dahil mas malaki ang expenses and exemption mo, but you still need to file (ito yung tinatawag na no payment return). you need to have filed this manually on 4/15/15 then refile it electronically on or before 6/15/15
hi Mam Marie, asko ko lang po kung need pa po ng balance sheet at income statement po pag mixed Income? Pero yung business Jan-March lang nag operate tapos government employee na po from April-december 2014.. Pleae help. Thanks
kelangang mafill up yung part ng balance sheet and income statement sa form otherwise hindi magegenerate yung form (eBIRForm). You can also opt to use na lang the 40% optional standard deduction para di ka na kelangang magfill up ng balance sheet and income statement
gud eve po. mam ask ko po kung paano mag file ng form 1701 online.wala po kasi ako babayaran exempt po ako.pnrcve lng yng form sa BIR OFFICE. mag online n lng dw po ako,submit dw po sa kanila on or before June 15 yng pgprint
kelangang madownload mo yung eBIRForms and then after na nagenerate yung form, i-submit mo thru the eBIRForms package. pwede ring email https://www.mommyunwired.com/2015/04/income-tax-hack-insiders-guide-to.html
Hi Ms Marie,
I have registered as self-employed Feb 18, 2015 po. Nagcompute at nag file po ako ng 1701Q (using eBIRform of course), and luckily ang nagkaroon po ako ng tax overpayment (using OSD). Nasa 65,950 po ang gross income ko (feb to March) for the 1st quarter 2015. Ang tax due ko po ng 3,935.50 at may overpayment ako ng -3,159.50 (which includes my reg fee 500) din. Ang tanong ko po, " When filing for the second quarter, san ko po i entry ang excess na 3,159.50? I`m assuming na i entry sia sa " item # 38 C – Tax Payment/s for the previous quarter(s)". Please enlighten me. Thanks. 🙂
Hello po, Ma'am Marie. May question po ako. Tungkol po sa annual na return, pwede po bang i-amend yung 1701?
Atsaka po, kailangan din po ba i-submit yung 1701Q online kahit na nakapag-manual filing na? Thank you po in advance.
yes, pwedeng iamend. re:1701Q, kelangang irefile din online even if nagmanual filing na, you need to file online pa rin. You can email the generated xml file. I think I mentioned in this post the email addresses https://www.mommyunwired.com/2015/04/income-tax-hack-insiders-guide-to.html
kailangan pa din po ba mag file ng 1701Q kahit nkapag fule nko ng 1701 ?
hi mam Marie..may question po ako..papaano ko po ba ifile ang 1701(annual income tax return 2014) nagstart po ang business ko ng august 2014 kaya lang hanggang march 2015 natigil na..so 8 mos lang ako..ang problema ko po kasi diko ma ifile ang 1701 kasi di ko po alam kung saang quarter ako mag-base..kelangan po kasi para maifile ko po ang cancellation…thank you and…GOD bless..
Hi Ms. Marie, Good day! I am previously employed as a talent(professional) on a tv network. Now, I am pursuing a regular employment job but i want to retain my receipts for freelance income. My questions are, will i still be using 1701 for my annual ITR? what are the documents required for filing? is 2316 enough for my regular employment income? and then 2307 for my freelance income? Do I also need to transfer my registration to the RDO of my regular employment? Is this also mean that i need to change the address of my receipts to the address of my regular employment? Because i am registered on the RDO of my previous employer and i am also using its address on my receipts. I hope you can give some advice on this matter. Thank you so much!
Hi ms Marie..
Ask ko lan kung saan dapat I file ang final itr 1701 kung registered ako main plaridel pero may haus ako pina rent sa Jaen n.e. registered din sa Cabanatuan.. Then condo registered naman sa makati.. Naguguluhan ako kung saan ko ba dapat bayaran next year yun 1701 itr ko.. Salamat po
sa main ka magfafile, with incomes from the one in jaen, makati consolidated with the main.but dapat nakaregister ka as branch dun sa others ha. if you have branches, ang babayaran mo lang sa branch is the annual registration fee. all the others are paid sa main with all the income from the branches consolidated.
Hi Ms. Marie, Good day! I am previously employed as a talent(professional) on a tv network. Now, I am pursuing a regular employment job but i want to retain my receipts for freelance income. My questions are, will I still be using 1701 for my annual ITR? what are the documents required for filing? is 2316 enough for my regular employment income? and then 2307 for my freelance income? Do I also need to transfer my registration to the RDO of my regular employment? Is this also mean that I need to change the address of my receipts to the address of my regular employment? Because I am registered on the RDO of my previous employer and I am also using its address on my receipts. I hope you can give some advice on this matter. Thank you so much!
If you want to retain your receipts, mixed income ka pa rin meaning you will still be using form 1701 for filing your ITR. you will still be subject to taxes in your certificate of registration aside from withholding taxes for employees (2316), in the bir regulation, if you are an employee and intends to engage in business, ang susundin is the business address. I am not sure about your case. maybe you could inquire with your revenue district office?may help desk naman sila…ang mga iba who are not sure about continuing their business or not, ang ginagawa is nag-aapply for temporary closure para hindi sila monthly nag-fafile ng mga tax returns like vat/percentage and withholding.
Thanks for the info Ms. Marie! Will ask na lang din sa helpdesk. Thanks again!
Hi Ms. Bulatao, I was previously employed as a research assistant in a University (project-based ; contractual). I work there from June 2012 until August 2014. then i resigned and engaged in a business (as a distributor in a health company), I have been a distributor since March 2014 but it was only after i resigned that i focused and became full time distributor. I was wondering what should i do and what category would i fall into? also, i wasn't able to file my ITR on time, can you help me on this matter,. what should i do? i need my ITR since i'm applying for my Visa. please help me. thank you.
Anu po procedure s pagfile online ng 1701 san po eencode at eemail thx po
Hi Ma'am kelangan ko po kasi ng ITR yung agency ko po kasi ngaun ay hindi nagkakaltas ng tax samin. Anu po ba ang magandang gawin? Thanks
Hi Ma'am kelangan ko po kasi ng ITR yung agency ko po kasi ngaun ay hindi nagkakaltas ng tax samin. Anu po ba ang magandang gawin? Thanks
Good Day Ma'am Marie,
Good to drop by your page/blog, may mga few questions lang po sana ako:
1. everytime po ba na magfafile ng 2551M, 1701Q, 1701 ay kailangan filled up ang space ng sa spouse po for these forms?
2. pwede po ba I prefer na magfile ng annual income tax return na lang instead nung quarterly income tax para isang filing na lang po or mandatory po ba na quarterly and annual ang filing?
3. sa itemized deductions, ano po ang pwede kong include and ano po limit or maximum amount na pwede pong iclaim sa kada item?
Thank you very much po.
Hi Ms. Marie,
Regarding 1701Q, if hindi po na file ang first quarter this year, wala po bang penalty yun and can we just file the 2nd quarter on July 2015?
Thanks po!
May penalty siya.
hi ma'am gamit q po eBir form 1701 OSD pero pgdating po sa personal exemption ayaw pong mag accept ng value. saan q po ilagay ang personal exemption using OSD method. tnx…
Hi ms marie. My part time employee is seeking advice on the details o filing up Annual ITR (1701). My boss is the President of a non-profit org and at the same time has dividends, shares & received property thru gifts. Q1: Is she still required to file 1701? Q2: Only fills up Sch12, no need to fill up Sch10? Thank you!
Hi mam good morning. Pakiexplain po concept or reason kung bat kelangan magbayad separately ng percentage tax (2551M) at EWT(1701q, 1700). Pwd ko ba iclaim as deduction ung payments ko ng (2551M) sa (1701q)?
good day po. ask ko lang po sana how to file 1701Q (for the 2nd Qtr) if no transaction/return/payment po. hindi po nag run yung business namin since January of this year pero di pa po namin napapa close kasi.. Thank you.
file online via ebir forms and email pag no payment/transaction ka. but if you filed late na, proceed to your revenue district office to have the penalty computed. take note pala na may bago silang compromise table and the minimum penalty is P1000 na https://www.mommyunwired.com/2013/04/penalties-for-late-filing-and-payment.html
How to amend 1701Q first quarter through EFPS po, when I filed and paid it manually before? Ngayon lang sinabi ng bookkeeper namin na mali po pala yong computation niya nong first quarter. I tried to file it again through EFPS kaso di ko ma click yong amended return po.
hello po mam marie. about 2307 po can you please elaborate dis to me, medyo nalilito po kasi ako thank you po mam 🙂
hello po mam marie. pde po ba paelaborate ng 2307 . mejo nalilito po ako maam thank you po 🙂
HI need advice po, nag apply kasi un brother ko sa BIR ang business nya ay computer rental 4 pc lang, nung march 2015 sya start, kaso di nya nagawa yung 2551m na dapat binabayaran at sinasubmit sa BIR.. then nagkaron sya financial problem kaya di na nya na maintain un business so ngayon lang feb nagdedeclare na sya ng bankrupcy.,,ngayon nya lang naasikaso.. hinihingi sa mayors office un 2551m nya from March to dec 2015 and itr 1701..pwede pa ba late filing ng 2551m? pero from aug to dec wala n sya kinikita eh so declare nya sa 2551m 0 amount?pls help
2551M is the form for your percentage tax which you need to file monthly on or before the 20th of the following month when you earned your income. Halimbawa for January, you need to file your 2551M between feb1-20. If wala kang kita, you can file no payment return using the eBIR forms which you can download from their website. If, however, wala kang kita for the month and hindi ka nag-file, may penalties na yun. Based on their latest issuance on penalties, ang minimum is P1,000 if your gross sales is 50,000 and below. if zero, 1000 ang penalty nya. If you registered and hindi ka nagbayad ever, your non=payment will generate an open case sa system nila and kelangang bayaran ito, Kaya what you need to do is go to the revenue district office where your brother registered, inquire about his open cases and settle them. Sila ang magcocompute ng penalties.
Hi, Ms. Marie! Your blogs posts about taxation are really informative. Thank you!
Just wanted to ask your input about my situation. My husband po is employed and I'm an online freelancer. But I'm earning more so we're planning na ako na lang mag-claim ng tax exemption. I read na kelangan po na gumawa ng waiver of right to claim the additional exemption for our child. So I looked up for BIR's sample waiver, which goes like this:
"In accordance with the provisions of Section 29 (1) (2) (A) of the National Internal Revenue Code, as amended. I, (HUSBAND's NAME), hereby voluntary depose and say:
1. That my wife and I are both income earners;
2. That we file a joint income tax return on our taxable income;
3. That I hereby waive my right to claim the additional exemption for all our qualified dependent children in favor of my wife."
Ang issue ko po is point no. 2, since hubby is employed (1902) and I'm a self-employed income earner (1901), kelangan po ba talaga naming mag-file ng joint income tax return? I'm a new taxpayer po, so I first time ko lang mag-file ng 1701. Hope you could help me out po. Thanks!
Yes, you need to use only one return when filing. Kaya sabi nilang joint kasi you will be using just one income tax return for filing. The computation of the tax naman is separate.
Hi i need help. kasi I went to BIR to pass the 1701 form all correctly filled up naman and I wont pay anything kas nag quartery tax ako. May sinasabi sila I need to pass pa daw na page from na lalabas nung ipprint ko yung form pero wala naman? pano po un and ano ba yung sinasabi nila na un. I dont know how it looks or whatever…. pabalik balik nako sa BIR just because may sinasabi sila kulang na parang acknowledgement page or whatsoever.
I don't also know.If no payment returns kasi, you need to file it online lang. Using the latest version of the eBIR Form, after you have validated and saved a copy of your return, you will be prompted for your tin and email add. If you have submitted your form successfully, may marereceive ka na confirmation via the email that you used. Actually you dont need to go to bir na and submit the return if you filed online. just print a copy along with the confirmation email though because the BIR's system has not yet been expanded to automatically mark a taxpayer who filed online. This creates an open case so be prepared to show your file if they write you
Hi Ms Marie,
Good day.
Im currently doing my 1701 under mixed income. Half of the year may income as professional then half of the year pure compensation.
Pwede ko b ideduct ung tax withheld s 2316 ko? ifi-file ko b ung taxable income s 2316? thank you very much
Yep your income should include that of your gross compensation and your income from your profession. After computing the tax due, you can deduct the tax withheld from your 2316 (tax withheld as employee) and 2307, if you have (creditable income tax withheld). Do take note that you can deduct the personal and addl exemptions only once. It will be easier if you download the eBIR forms, because the program auto computes. Do email me if you have any more questions 🙂
Hi Ms. Marie! Ask ko Lang po ide-deduct po ba creditable withholding tax expanded (1601-E) sa annual ITR? At ang pagbili po ba ng software like ung program po na ginagamit sa travel agency e part po ba cya ng asset o expense po agad? Thank you po.
No, you cannot deduct the expanded withholding tax. Yung winithholdan mo ang bibigyan mo ng certificate of tax withheld and siya ang magdededuct sa ITR nya. If sa software, if it enhances yung asset (like yung computer, you need the software for the business), i-capitalized mo siya and make it a part of your asset
Good evening Ms.Marie,i would like to ask some questions regarding my godmother's business its a fishing vessel business and a proprietorship business to be specific.Since we only sold our fishes to one person who do the wholesaling and retailed to customers.Its a non-vat business right and whom is also exempted from VAT.As stated in law it is considered a fruits of labor.Does she need to pay business tax as well?or only the quarterly and annual ITR? My other question is, she hired me as her in-charge for tax filing and books recording and im paid by monthly basis part time allowance,can we categorized it as part of expenses?Thank you.There are still more im gonna ask later.Thank you. i want to help her im not a CPA but an accounting and finance graduate.
hi Ms. Marie, Ask lng po ako my business is real estate lessor . I'm filling monthly Percenatge tax which is (2551M) and Quarterly 1701Q.. My question is mag fill paba ako this January ng 1701 for annual ? or sa April na? Thanks .
For taxable year 2016,you will file your annual itr on or before 4/15/17 (meaning pwede this january until april 15)https://www.mommyunwired.com/2015/04/income-tax-hack-insiders-guide-to.html
Hi Ms. Marie,
Thanks for this guide. It is very helpful. I am new with this since my mother wanted me to manage her taxes starting this year. I have a question. We opted for OSD, while filling up the 1701 eBIR form, I am not sure what to put in the Schedule 2-Item 4 (Less: Sales returns, allowances & discounts). By the term allowances, does it include the monthly allowance that I am giving to my younger brother (minor)?
Thank you! I am hoping to hear from you soon.
Sales allowances mean the allowances granted to a customer because the seller shipped improper or defective merchandise. This does not include the monthly allowance that you give to your younger brother 🙂
Hi Ms. Marie,
Paano po kung January 2016 to November 25, 2016 M4 yung status ko after November 25 dapat M3 na. Paano po ba ang computation nito ? Meron po bang written docs para dito?
Maraming Salamat
M4 pa rin status mo. Taxable year 2017 (to be filed april 15, 2018.next year pa) na M3 ka na. Fill up bir form 1905 to update your status and submit to your employer
HI Ms. Bulatao, I am so glad I saw your blog, it is very helpful. You mentioned that if the sales exceeded 1.9m plus is it monthly or yearly and how much is the VAT that is going to be paid? Thanks very much
1.9M for the year. Vat computation is 12% of your VAT sales – output tax (net of vat)x12% less 12% of your vat purchases – input tax. The difference is your VAT due
Hi ms marie.ask ko lang po kung alin po ang ideduct ko 1701 na tax n nbaydan na w/in 3 qrts.can i deduct the annual and monthly percentage tax.or only the quarterly.also ano po ang PSIC at PSOC na ilalagay ko as engineering consultant.for hope you can answr me.thanks po
You mean deduct sa income tax due? You can only deduct your quarterly income tax from your annual income tax due. For psic, you can see your psic sa Certificate of Regn which the bir issued. psic 7421
Hi, Ms. Marie. My uncle was employed from Jan-April 2016. From May-December 2016, he worked as a consultant of a company, which withheld 15% and gave him a BIR Form 2307. Does he have to file BIR Form 1701 for 2016? If yes, should he place his compensation under Schedule 1 (Gross Compensation Income & Tax Withheld) or Schedule 2 (Sales/Revenues/Fees from Business/Profession) of Form 1701? Thanks.
yes, because he is a Mixed Income earner.bir form 1701 should be filled up plus schedule 1 (for his income as an employee jan-apri) and schedule 2 from his business. You can only deduct personal and addl exemptions once ha. In the form, nasa schedule 1 ang personal and addl exemptions.Also, dont forget to deduct from his tax due the tax withheld as shown in his 2316 and 2307
Hi Ms. Marie, pwede po bang magfile ng online ng 1701Q pero di po babayaran tapos sabay sabay na po yung pagbayad sa April sa filing ng 1701? Thanks. Jake Sabandal, Researcher.
good day..i’m a architect nagparegister aq s BIR june 2015. Unfortunately ndi ko nagamit o hindi aq nkpagpractice until now dahil aq nag alaga s kapatid kong special. nung ngcheck aq s BIR dahil gusto q n xa ipclose my penalty n aq na 25,000. Hindi n b magagawan ng paraan po un na mapaliit kc wala nmn aq pinagkukunan ng income ang parents ko naghahanap buhay at sumusoporta smin ng kapatid ko. at anu ang ilalagay po s Annual Income Tax Return eh wala nmn aqng hanapbuhay..thanks
Unfortunately, lalabas sa system nila ang open cases mo and hindi maco-close yun if di mo nabayaran or ide-data fix nila. I think what you should do is makiusap ka na lang sa district office mo and tumawad sa penalties and present your proof na you have no income
Narerefund po ba ang mga expenses sa bir po salamat po
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Expenses as in gastos mo sa negosyo? No, kasi those are your expenses, not the government’s. Ang pwedeng i-refund is if you overpaid your tax. You can choose refund or tax credit. Halimbawa, ang binayaran mong income tax is 2,000 pero ang withholding tax mo is 2,500. Since na-overwithheld ka ng 500, the 500 can be refunded to you
Pano po pag ung withholding tax amount ko is 30,750 then ung withheld ko po is 24,600 that means po ba may credit pa po ako pero ung binayaran ko pong tax is 6k something po thanks po again and more power po..
How much is your income tax due and how much is the tax withheld. If you deduct income tax due from the tax withheld, yung difference is your income tax still due and payable.
Mayron po bAng penalty pag di ko na file yung 1701q for the first 3 quarters, but just filed po the ITR this april 15 2018. I am self employed individual, working as an Insurance agent po. Although I attached all my 2307 for 4 quarters in my ITR, for the year 2017. Ano pa po bang attachments ang kailangan bukod dun. I have a refundable tax if I’m not mistaken sa computation po, kasi it automatically computes nga po sa system. The taxes withheld po are over than what I have to pay.
Thanks po and I appreciate your help.
You are supposed to file for the 3 quarters, then make an annual income tax return (kaya walang 4th quarter) cumulating your income from 1st to 3rd quarter. Ang reason kaya may quarterly is para hindi harsh ang one-time payment (especially those with regular businesses na walang withholding) pagdating ng april 15. if you did not file, magkakaroon ka ng open case, which needs to be closed (hence, file return and pay penalties) especially when you are securing tax clearance.