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- Pages: 11
(To be filled up by the BIR)
DLN:
BCS No.
PSIC:
Annual Income Tax Return
Republika ng Pilipinas Kagawaran ng Pananalapi
BIR Form No.
1702
For Corporations, Partnerships and Other Non-Individual Taxpayers Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 For the 2 Year Ended ( MM / YYYY ) Part I
Calendar
3 Amended Return?
TIN
10
Taxpayer's Name
11
ed Address
13
Date of Incorporation/Creation (MM/DD/YYYY)
15
Method of Deduction
16
Are you availing of tax relief under Special Law/ International Tax Treaty? 16A
Yes
Yes
4 Short Period No Return? Background Information
Fiscal
7
July 2008 (ENCS) 5 No. sheet/s
6 ATC
No
8 Code RDO
9 Line of Business
12 Zip Code 14 Date of Registration with BIR (MM/DD/YYYY) Itemized Deduction
40% Optional Standard Deduction 16B
Yes
No
Part II
If yes, specify
Computation of Tax EXEMPT
Special Rate
TAXABLE
17
Sales/Revenues/Receipts/Fees (Sch.1)
17A
17B
17B
18
Less: Cost of Sales/Services (Sch. 2/3)
18A
18B
18B
19
Gross Income from Operation
19A
19B
19B
20
Add: Non-Operating & Taxable Other Income (Schedule 4)
20A
20B
21
Total Gross Income
21A
21B
21C
22
Less: Deduction 22A
22B
22C
Optional Standard Deduction (Sch. 6) OR Itemized Deduction (Sch. 7)
23
Taxable Income……………………………………………………………...………
24
Tax Rate (except MCIT Rate)…………………………………………………………………………..
25
Income Tax ……………………….. ……. …………………………………………..
25A
Less: Share of Other Agencies (RA 7916/8748, etc)…………………………
26A
26 27 28
23A
23B 24A
24B 25B 26B
Minimum Corporate Income Tax (MCIT) (Section B)………………………………………………………………...………….. Tax Due 28A Tax on Transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax whichever is higher)………..
27 28A
28B Less: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate (deductible only if the current year's tax due is the normal rate) (Section C)…………………………………
28B
28C Balance (Item 28A less Item 28B)………………………………………………………………………………...…
28C
28D Add: Tax Due to the BIR on transactions under Special Rate (25A less 26)
28D
…………………………………..
29
Aggregate Income Tax Due (Sum of Items 28C and 28D)
30
Less: Tax Credits/Payments 30A Prior Year's Excess Credits other than MCIT ......................................................................................................................
30A
30B
Tax Payments for the First Three Quarters……………………………………………..……………………………….
30B
30C
Creditable Tax Withheld for the First Three Quarters ……………………..………………………………………..
30C
30D
Creditable Tax Withheld Per BIR Form No. 2307 for the Fourth Quarter …. ……...……….
30D
30E
Foreign Tax Credits, if applicable..................................................…..………………………
30E
30F
Tax Paid in Return Previously Filed, if this is an Amended Return............………...……….
30F
30G
Others, please specify______________________________________…………….............
30G
30H
Total Tax Credits/Payments (Sum of Items 30A to 30G)…………………………….....………
30H
31 32
Tax Payable/(Overpayment)(Item 29 less Item 30H)......................................…………………………… Add: Penalties Surcharge 32A
Interest 32B
Regular Rate
29
31 Compromise
32C
32D
33
Total Amount Payable/(Overpayment) (Sum of Items 31 & 32D)........................................……….………… 33 If overpayment, mark one box only: (once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate To be carried over as tax credit next year/quarter Part III D e t a i l s of P a y m e n t Drawee Bank Date Particulars Amount 34 Cash/Bank 34A Debit Memo 35
Check
36
Tax Debit Memo
37
Others
35A
37A
34B
34C
34D
35B
35C
34D 35D
36A
36B
36D
37B
37C
37D
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
\mariam
Stamp of Receiving Office/ AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial)
BIR FORM 1702 (Attach additional sheet/s, if necessary)
Gross Income
Section A Schedule 1
Schedule of Sales/Revenues/Receipts/Fees Special Rate
38
Sale of Goods/Properties
39
Sale of Services
40
Lease of Properties
41
Total
42 43
Regular Rate Creditable Tax Withheld
Taxable Amount
Creditable Tax Withheld
Less: Sales Returns/Discounts Net Sales/Revenues/Receipts/Fees (to Item 17)
Schedule 2
Schedule of Cost of Sales (Trading / Manufacturing) Amount under Special Rate
44 45 46
Add: Purchases of Merchandise/Cost of Goods Manufactured Total Goods Available for Sale
47 48
Amount und
Merchandise/Finished Goods Inventory, Beginning
Less: Merchandise/Finished Goods Inventory, End Cost of Sales (to Item 18)
Schedule 3
Schedule of Cost of Sales (Service) Amount under Special Rate
49
Direct Charges - Salaries, Wages and Benefits
50
Direct Charges - Materials, Supplies, and Facilities
51
Direct Charges - Depreciation
52
Direct Charges - Rental
53
Direct Charges - Outside Services
54
Direct Charges - Others
55
Total Cost of Services (Sum of Items 49 to 54) (to Item 18)
Schedule 4
Amount und
Schedule of Non-Operating and Taxable Other Income Nature of Income
Special Rate Creditable Tax Withheld
Regular Rate Taxable Amount
Creditable Tax Withheld
56 57 58 59 60 61 62
Total Non- Operating and Taxable Other Income (to Item 20)
Schedule 5A 63
Gross Income
64 65
Computation of Net Operating Loss Carry Over (NOLCO)
Less: Total Deductions exclusive of NOLCO & Deductions under Special Laws Net Operating Loss Carry Over (to Schedule 5B) Computation of Available Net Operating Loss Carry Over (NOLCO)
Schedule 5B Net Operating Loss Year Incurred
Amount
(Attach additional sheet/s, if necessary)
Net Operating Loss Carry Over Applied
Applied
Previous Year
Current Year
Expired
66 67 68 69 70
Total (To Item 118)
Section B
Computation of Minimum Corporate Income Tax (MCIT) of Current Year
71
Total Gross Income for MCIT purposes
72
Tax Rate
73
Minimum Corporate Income Tax (to Item 27)
Section C
Computation of Excess Minimum Corporate Income Tax (MCIT) of Previous Year Normal Income Tax Year
as adjusted
MCIT
Excess of MCIT over
Excess MCIT applied
Balance MCIT
Normal Income Tax
this Year
still allowable
as adjusted 74 75 76 77
as Tax Credit
M 1702 (ENCS) - PAGE 2
Rate Taxable Amount
unt under Regular Rate
unt under Regular Rate
Rate Taxable Amount
y) Net Operating Loss (Unapplied)
2%
CIT
Expired Portion
ble
of Excess MCIT
dit
Section D
Deduction
Schedule 6
Computation of Optional Standard Deduction Amount under EXEMPT
78
Gross Income from Operation (from Item 19)
79
Non-Operating and Taxable Other Income (from Item 20/Sch. 4)
80
Total
81
40% Optional Standard Deduction (to Item 22A, B & C)
Schedule 7 Nature of Expense / Deduction 82
Salaries and Allowances
83
Fringe Benefits
84
Rental
85
Professional Fees
86
Director's Fees
87
Management and Consultancy Fee
88
Security Services
89
Janitorial and Messengerial Services
90
Tolling Fees
91
Other Outside Services
92
Advertising
93
Commissions
94
Repairs and Maintenance-Labor
95
Repairs and Maintenance-Materials/Supplies
96
Research and Development
97
Office Supplies
98
Royalties
99
Interest
100
SSS, GSIS, Philhealth, HDMF and Other Contributions
101
Insurance
102
Representation and Entertainment
103
Transportation and Travel
104
Fuel and Oil
105
Communication, Light and Water
106
Taxes and Licenses
107
Losses
108
Bad Debts
109
Depreciation
110
Amortization of Intangibles
111
Depletion
112
Charitable Contributions
113
Amortization of Pension Trust Contribution
114
Miscellaneous
115
Others: (attach add'l
Amount under Special R
Schedule of Itemized Deduction EXEMPT
Special Rate
sheet/s, if necessary)
116 117
Total Expenses (Sum of Items 82 to 116)
118
Allowance of NOLCO (from Schedule 5B)
119
Total (Sum of Items 117& 118) (to Item 22A, B & C)
Section E
Reconciliation of Net Income Per Books Against Taxable Income
(Attach additional shee
Special Rate 120
Net Income/(Loss)per books………………………………………..
121
Add: Non-deductible Expenses/Taxable Other Income
122
Total (Sum of Items 120 & 121)……………………………………
123
Less: Non-taxable Income and Income subjected to Final Tax
124
Special Deductions:
125 126
Total (Sum of Items 123 & 124)…………………………… Net Taxable Income/(Net Loss) (Item 122 less Item 125)
We declare, under the penalties of perjury, that this return has been made in good faith, verified by us, and to the best of our knowledge and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. 128
127 President/Vice President/Principal Officer/Accredited Tax Agent/
Trea
(Signature Over Printed Name)
Title/Position of Signatory
TIN of Signatory
Date of Issuance
Tax Agent Acc. No./Atty's Roll No. (if applicable)
Community Tax Certificate Number 129
(Signa
Title
Date of Expiry
Date Issued
Place of Issue 130
MM 131
DD
YYYY
BIR FORM 1702 (ENCS) - PAGE 3
Amount under Special Rate
Amount under Regular Rate
TAXABLE Special Rate
Regular Rate
able Income
(Attach additional sheets if necessary)
Special Rate
Regular Rate
est of our knowledge and belief,
ations issued under authority
Treasurer/Asst. Treasurer (Signature over Printed Name)
Title/Position of Signatory
TIN of Signatory Date Issued MM
DD
Amount
YYYY 132
ATC IC 010
IC 055 IC 030
IC 055 IC 031
IC 055 IC 040
Description DOMESTIC CORPORATION 1. In General a. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
Tax Rate
Tax Base
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 2. Proprietary Educational Institutions a. Proprietary Educational Institution whose gross income from unrelated trade,business or other activity exceeds fifty percent (50%) of the total gross income from all sources. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
2% 10%
Gross Income On Taxable Income from All sources
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 3. Non Stock-Non Profit Hospitals a. Non Stock-Non Profit Hospitals whose gross income from unrelated trade,business or other activity exceeds fifty percent (50%) of the total gross income from all sources. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
2% 10%
Gross Income On Taxable Income from All sources
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 4. GOCC, Agencies & Instrumentalities a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055 IC 041
b. Minimum Corporate Income Tax 5. National Gov't & LGU's a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055
b. Minimum Corporate Income Tax
ATC
Description
IC 020
6. Taxable Partnership a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055
b. Minimum Corporate Income Tax 7. Exempt Corporation a. On Exempt Activities b. On Taxable Activities
IC 011 IC 010 IC 021
2% 32% 35% 30% 2% 32% 35% 30% 2%
8. General Professional Partnership 9. Corporation covered by Special Law* RESIDENT FOREIGN CORPORATION IC 070 1. In General a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009 IC 055 b. Minimum Corporate Income Tax IC 080 2. International Carriers IC 101 3. Regional Operating Headquarters* 4. Corporation covered by Special Law* IC 190 5. Offshore Banking Units (OBU's) a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
Gross Income On Taxable Income from All Sources On Gross Income On Taxable Income from Proprietary activities
IC 191
6. Foreign Currency Deposit Units (FCDU's) a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
On Gross Income
* PLEASE REFER TO REVENUE DISTRICT OFFICES BIR Form No. 1702 - Annual Income Tax Return (For Corporations, Partnerships and Other Non-Individual Taxpayers) GUIDELINES AND INSTRUCTIONS
BIR FORM 1702 (ENCS) - PAGE 4 Description
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
m Corporate Income Tax
Professional Partnership ation covered by Special Law* IGN CORPORATION
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
um Corporate Income Tax
al Operating Headquarters* ation covered by Special Law*
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
Tax Return -Individual Taxpayers) ONS
Tax Rate
32% 35% 30% 2% 0% *same rate as in 1a exempt
Tax Base
On Taxable Income from All Sources On Gross Income On Taxable Income from all sources
32% 35% 30% 2% 2.5% 10%
On Taxable Income from within the Philippines
10%
On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
32% 35% 30%
On Taxable Income Other Than Foreign Currency Transaction
10%
On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
32% 35% 30%
On Taxable Income Other Than Foreign Currency Transaction
On Gross Income Gross Philippine Billing On Taxable Income
DLN:
BCS No.
PSIC:
Annual Income Tax Return
Republika ng Pilipinas Kagawaran ng Pananalapi
BIR Form No.
1702
For Corporations, Partnerships and Other Non-Individual Taxpayers Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 For the 2 Year Ended ( MM / YYYY ) Part I
Calendar
3 Amended Return?
TIN
10
Taxpayer's Name
11
ed Address
13
Date of Incorporation/Creation (MM/DD/YYYY)
15
Method of Deduction
16
Are you availing of tax relief under Special Law/ International Tax Treaty? 16A
Yes
Yes
4 Short Period No Return? Background Information
Fiscal
7
July 2008 (ENCS) 5 No. sheet/s
6 ATC
No
8 Code RDO
9 Line of Business
12 Zip Code 14 Date of Registration with BIR (MM/DD/YYYY) Itemized Deduction
40% Optional Standard Deduction 16B
Yes
No
Part II
If yes, specify
Computation of Tax EXEMPT
Special Rate
TAXABLE
17
Sales/Revenues/Receipts/Fees (Sch.1)
17A
17B
17B
18
Less: Cost of Sales/Services (Sch. 2/3)
18A
18B
18B
19
Gross Income from Operation
19A
19B
19B
20
Add: Non-Operating & Taxable Other Income (Schedule 4)
20A
20B
21
Total Gross Income
21A
21B
21C
22
Less: Deduction 22A
22B
22C
Optional Standard Deduction (Sch. 6) OR Itemized Deduction (Sch. 7)
23
Taxable Income……………………………………………………………...………
24
Tax Rate (except MCIT Rate)…………………………………………………………………………..
25
Income Tax ……………………….. ……. …………………………………………..
25A
Less: Share of Other Agencies (RA 7916/8748, etc)…………………………
26A
26 27 28
23A
23B 24A
24B 25B 26B
Minimum Corporate Income Tax (MCIT) (Section B)………………………………………………………………...………….. Tax Due 28A Tax on Transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax whichever is higher)………..
27 28A
28B Less: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate (deductible only if the current year's tax due is the normal rate) (Section C)…………………………………
28B
28C Balance (Item 28A less Item 28B)………………………………………………………………………………...…
28C
28D Add: Tax Due to the BIR on transactions under Special Rate (25A less 26)
28D
…………………………………..
29
Aggregate Income Tax Due (Sum of Items 28C and 28D)
30
Less: Tax Credits/Payments 30A Prior Year's Excess Credits other than MCIT ......................................................................................................................
30A
30B
Tax Payments for the First Three Quarters……………………………………………..……………………………….
30B
30C
Creditable Tax Withheld for the First Three Quarters ……………………..………………………………………..
30C
30D
Creditable Tax Withheld Per BIR Form No. 2307 for the Fourth Quarter …. ……...……….
30D
30E
Foreign Tax Credits, if applicable..................................................…..………………………
30E
30F
Tax Paid in Return Previously Filed, if this is an Amended Return............………...……….
30F
30G
Others, please specify______________________________________…………….............
30G
30H
Total Tax Credits/Payments (Sum of Items 30A to 30G)…………………………….....………
30H
31 32
Tax Payable/(Overpayment)(Item 29 less Item 30H)......................................…………………………… Add: Penalties Surcharge 32A
Interest 32B
Regular Rate
29
31 Compromise
32C
32D
33
Total Amount Payable/(Overpayment) (Sum of Items 31 & 32D)........................................……….………… 33 If overpayment, mark one box only: (once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate To be carried over as tax credit next year/quarter Part III D e t a i l s of P a y m e n t Drawee Bank Date Particulars Amount 34 Cash/Bank 34A Debit Memo 35
Check
36
Tax Debit Memo
37
Others
35A
37A
34B
34C
34D
35B
35C
34D 35D
36A
36B
36D
37B
37C
37D
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
\mariam
Stamp of Receiving Office/ AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial)
BIR FORM 1702 (Attach additional sheet/s, if necessary)
Gross Income
Section A Schedule 1
Schedule of Sales/Revenues/Receipts/Fees Special Rate
38
Sale of Goods/Properties
39
Sale of Services
40
Lease of Properties
41
Total
42 43
Regular Rate Creditable Tax Withheld
Taxable Amount
Creditable Tax Withheld
Less: Sales Returns/Discounts Net Sales/Revenues/Receipts/Fees (to Item 17)
Schedule 2
Schedule of Cost of Sales (Trading / Manufacturing) Amount under Special Rate
44 45 46
Add: Purchases of Merchandise/Cost of Goods Manufactured Total Goods Available for Sale
47 48
Amount und
Merchandise/Finished Goods Inventory, Beginning
Less: Merchandise/Finished Goods Inventory, End Cost of Sales (to Item 18)
Schedule 3
Schedule of Cost of Sales (Service) Amount under Special Rate
49
Direct Charges - Salaries, Wages and Benefits
50
Direct Charges - Materials, Supplies, and Facilities
51
Direct Charges - Depreciation
52
Direct Charges - Rental
53
Direct Charges - Outside Services
54
Direct Charges - Others
55
Total Cost of Services (Sum of Items 49 to 54) (to Item 18)
Schedule 4
Amount und
Schedule of Non-Operating and Taxable Other Income Nature of Income
Special Rate Creditable Tax Withheld
Regular Rate Taxable Amount
Creditable Tax Withheld
56 57 58 59 60 61 62
Total Non- Operating and Taxable Other Income (to Item 20)
Schedule 5A 63
Gross Income
64 65
Computation of Net Operating Loss Carry Over (NOLCO)
Less: Total Deductions exclusive of NOLCO & Deductions under Special Laws Net Operating Loss Carry Over (to Schedule 5B) Computation of Available Net Operating Loss Carry Over (NOLCO)
Schedule 5B Net Operating Loss Year Incurred
Amount
(Attach additional sheet/s, if necessary)
Net Operating Loss Carry Over Applied
Applied
Previous Year
Current Year
Expired
66 67 68 69 70
Total (To Item 118)
Section B
Computation of Minimum Corporate Income Tax (MCIT) of Current Year
71
Total Gross Income for MCIT purposes
72
Tax Rate
73
Minimum Corporate Income Tax (to Item 27)
Section C
Computation of Excess Minimum Corporate Income Tax (MCIT) of Previous Year Normal Income Tax Year
as adjusted
MCIT
Excess of MCIT over
Excess MCIT applied
Balance MCIT
Normal Income Tax
this Year
still allowable
as adjusted 74 75 76 77
as Tax Credit
M 1702 (ENCS) - PAGE 2
Rate Taxable Amount
unt under Regular Rate
unt under Regular Rate
Rate Taxable Amount
y) Net Operating Loss (Unapplied)
2%
CIT
Expired Portion
ble
of Excess MCIT
dit
Section D
Deduction
Schedule 6
Computation of Optional Standard Deduction Amount under EXEMPT
78
Gross Income from Operation (from Item 19)
79
Non-Operating and Taxable Other Income (from Item 20/Sch. 4)
80
Total
81
40% Optional Standard Deduction (to Item 22A, B & C)
Schedule 7 Nature of Expense / Deduction 82
Salaries and Allowances
83
Fringe Benefits
84
Rental
85
Professional Fees
86
Director's Fees
87
Management and Consultancy Fee
88
Security Services
89
Janitorial and Messengerial Services
90
Tolling Fees
91
Other Outside Services
92
Advertising
93
Commissions
94
Repairs and Maintenance-Labor
95
Repairs and Maintenance-Materials/Supplies
96
Research and Development
97
Office Supplies
98
Royalties
99
Interest
100
SSS, GSIS, Philhealth, HDMF and Other Contributions
101
Insurance
102
Representation and Entertainment
103
Transportation and Travel
104
Fuel and Oil
105
Communication, Light and Water
106
Taxes and Licenses
107
Losses
108
Bad Debts
109
Depreciation
110
Amortization of Intangibles
111
Depletion
112
Charitable Contributions
113
Amortization of Pension Trust Contribution
114
Miscellaneous
115
Others: (attach add'l
Amount under Special R
Schedule of Itemized Deduction EXEMPT
Special Rate
sheet/s, if necessary)
116 117
Total Expenses (Sum of Items 82 to 116)
118
Allowance of NOLCO (from Schedule 5B)
119
Total (Sum of Items 117& 118) (to Item 22A, B & C)
Section E
Reconciliation of Net Income Per Books Against Taxable Income
(Attach additional shee
Special Rate 120
Net Income/(Loss)per books………………………………………..
121
Add: Non-deductible Expenses/Taxable Other Income
122
Total (Sum of Items 120 & 121)……………………………………
123
Less: Non-taxable Income and Income subjected to Final Tax
124
Special Deductions:
125 126
Total (Sum of Items 123 & 124)…………………………… Net Taxable Income/(Net Loss) (Item 122 less Item 125)
We declare, under the penalties of perjury, that this return has been made in good faith, verified by us, and to the best of our knowledge and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. 128
127 President/Vice President/Principal Officer/Accredited Tax Agent/
Trea
(Signature Over Printed Name)
Title/Position of Signatory
TIN of Signatory
Date of Issuance
Tax Agent Acc. No./Atty's Roll No. (if applicable)
Community Tax Certificate Number 129
(Signa
Title
Date of Expiry
Date Issued
Place of Issue 130
MM 131
DD
YYYY
BIR FORM 1702 (ENCS) - PAGE 3
Amount under Special Rate
Amount under Regular Rate
TAXABLE Special Rate
Regular Rate
able Income
(Attach additional sheets if necessary)
Special Rate
Regular Rate
est of our knowledge and belief,
ations issued under authority
Treasurer/Asst. Treasurer (Signature over Printed Name)
Title/Position of Signatory
TIN of Signatory Date Issued MM
DD
Amount
YYYY 132
ATC IC 010
IC 055 IC 030
IC 055 IC 031
IC 055 IC 040
Description DOMESTIC CORPORATION 1. In General a. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
Tax Rate
Tax Base
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 2. Proprietary Educational Institutions a. Proprietary Educational Institution whose gross income from unrelated trade,business or other activity exceeds fifty percent (50%) of the total gross income from all sources. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
2% 10%
Gross Income On Taxable Income from All sources
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 3. Non Stock-Non Profit Hospitals a. Non Stock-Non Profit Hospitals whose gross income from unrelated trade,business or other activity exceeds fifty percent (50%) of the total gross income from all sources. January 1- October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
2% 10%
Gross Income On Taxable Income from All sources
32% 35% 30%
Taxable Income from All Sources
b. Minimum Corporate Income Tax 4. GOCC, Agencies & Instrumentalities a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055 IC 041
b. Minimum Corporate Income Tax 5. National Gov't & LGU's a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055
b. Minimum Corporate Income Tax
ATC
Description
IC 020
6. Taxable Partnership a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
IC 055
b. Minimum Corporate Income Tax 7. Exempt Corporation a. On Exempt Activities b. On Taxable Activities
IC 011 IC 010 IC 021
2% 32% 35% 30% 2% 32% 35% 30% 2%
8. General Professional Partnership 9. Corporation covered by Special Law* RESIDENT FOREIGN CORPORATION IC 070 1. In General a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009 IC 055 b. Minimum Corporate Income Tax IC 080 2. International Carriers IC 101 3. Regional Operating Headquarters* 4. Corporation covered by Special Law* IC 190 5. Offshore Banking Units (OBU's) a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
Gross Income On Taxable Income from All Sources On Gross Income On Taxable Income from Proprietary activities
IC 191
6. Foreign Currency Deposit Units (FCDU's) a. January 1 - October 31, 2005 November 1, 2005 - December 31, 2008 January 1, 2009
On Gross Income
* PLEASE REFER TO REVENUE DISTRICT OFFICES BIR Form No. 1702 - Annual Income Tax Return (For Corporations, Partnerships and Other Non-Individual Taxpayers) GUIDELINES AND INSTRUCTIONS
BIR FORM 1702 (ENCS) - PAGE 4 Description
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
m Corporate Income Tax
Professional Partnership ation covered by Special Law* IGN CORPORATION
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
um Corporate Income Tax
al Operating Headquarters* ation covered by Special Law*
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
y 1 - October 31, 2005 mber 1, 2005 - December 31, 2008
Tax Return -Individual Taxpayers) ONS
Tax Rate
32% 35% 30% 2% 0% *same rate as in 1a exempt
Tax Base
On Taxable Income from All Sources On Gross Income On Taxable Income from all sources
32% 35% 30% 2% 2.5% 10%
On Taxable Income from within the Philippines
10%
On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
32% 35% 30%
On Taxable Income Other Than Foreign Currency Transaction
10%
On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
32% 35% 30%
On Taxable Income Other Than Foreign Currency Transaction
On Gross Income Gross Philippine Billing On Taxable Income
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