Computation of Net Operating Loss Carry-Over (NOLCO).
Filing Date This return shall be filed on or before April 15 of each year covering income for the preceding taxable year. Bureau of Internal Revenue BIR Form No. 1702Q - Guidelines and Instructions - eFPS
Less: Tax Credits/Payments (such as creditable withholding taxes or prior gross income tax payments) Net Tax Payable / (Overpayment) Penalties (Surcharge, Interest, Compromise), if applicable 3. Computation of Tax This area calculates the base liability: Less: Cost of Sales/Services Gross Income from Operation Add: Non-Operating and Other Taxable Income Total Gross Income
(juan.tax)
Several Philippine accounting communities and tax professionals have preserved the clean, unmodified as a public service. Look for:
This form is used for reporting the annual income of corporations, partnerships, and other non-individual taxpayers. It consolidates all the income, deductions, and credits of the taxpayer for the taxable year.
Includes the Balance Sheet, Income Statement, Cash Flow Statement, and Notes to AFS. bir form 1702 rt version 2018 excel format free
You can get the fillable PDF version of the January 2018 (ENCS) BIR Form 1702-RT for free. Here is how:
While the BIR provides the Electronic Bureau of Internal Revenue Forms (eBIRForms) offline package, many accountants, tax practitioners, and business owners prefer having an Excel format version. An Excel template allows for offline drafting, data archiving, and automatic mathematical computations before final data entry. What is BIR Form 1702-RT?
The 1702-RT form applies strictly to non-individual entities operating under the normal corporate income tax guidelines. Businesses with mixed incomes or tax exemptions must look to variants like BIR Form 1702-MX (mixed rate) or BIR Form 1702-EX (exempt entities). Feature / Detail Specification Computation of Net Operating Loss Carry-Over (NOLCO)
An Excel file is a mirror , not a filing system. Always cross-reference your Excel version against the latest offline eBIRForms package updates published on the official BIR website to ensure line items haven't been rearranged or appended. Frequently Asked Questions (FAQs)
If you are creating or editing your own 1702-RT Excel sheet, ensure it includes: