Income Tax: Filing of Annual Income Tax Return
I - Annual Income Tax For Individuals, Estates, and Trusts
BIR Form 1701 - Annual Income Tax Return Individuals, Estates and Trusts
Documentary Requirements
1. Certificate
of Income Tax Withheld on Compensation (BIR Form 2316), if
applicable
2. Certificate
of Income Payments Not Subjected to Withholding Tax (BIR Form 2304), if
applicable
3. Certificate
of Creditable Tax Withheld at Source (BIR Form 2307), if
applicable
4. Duly
approved Tax Debit Memo, if applicable
5. Proof
of Foreign Tax Credits, if applicable
6. Income
Tax Return previously filed and proof of payment, if filing an amended return
for the same year
7. Account
Information Form (AIF) or the Certificate of the independent Certified
Public Accountant (CPA) with Audited Financial Statements if the gross
annual sales, earnings, receipts or output exceed three million pesos
(P3,000,000.00)
8. Account
Information Form or Financial Statements not necessarily audited by an
independent CPA if the gross annual sales, earnings, receipts or output do not
exceed P3,000,000.00 and is subject to graduated income tax rates under Section
24(A)(2)(a)
9. Proof
of prior year’s excess tax credits, if applicable
Deadline
Final Adjustment Return or
Annual Income Tax Return - On or before the 15th day of April of each year
covering income for calendar year 2018 and thereafter
Account Information Form For Self-Employed Individuals, Estates
And Trusts (Including Those With Mixed Income, i.e., Compensation Income and
Income from Business and/or Practice of Profession)
BIR Form 1701 AIF -
Account Information Form for Self-Employed Individuals, Estates and Trusts
(Including those with Mixed Income, i.e., Compensation Income and Income from
Business and/or Practice of Profession) and Estates and Trusts (Engaged in
Trade or Business)
NOTE: Pursuant to Sec. 71 of RA
10963, otherwise known as Tax Reform Acceleration and Inclusion Act, amending
Sec. 232 of the Tax Code, as amended, in relation to Revenue Memorandum
Circular No. 6 – 2001, corporations, companies or persons whose gross annual
sales, earnings, receipts or output exceed P3,000,000 may not accomplish this
form. In lieu thereof, they may file their annual income tax returns
accompanied by balance sheets, profit and loss statement, schedules listing
income-producing properties and the corresponding income therefrom, and other
relevant statements duly certified by an independent CPA.
II - Annual Income Tax For Corporations And Partnerships
BIR Form 1702 - Annual Income Tax Return (For Corporations and Partnerships)
Documentary Requirements
- Certificate of Income Payments
Not Subjected to Withholding Tax (BIR Form 2304), if applicable
- Certificate of Creditable Tax
Withheld at Source (BIR Form 2307), if applicable
- Duly approved Tax Debit Memo,
if applicable
- Proof of Foreign Tax Credits,
if applicable
- Income tax return previously
filed and proof of payment, if amended return is filed for the same
taxable year
- Account Information Form (AIF)
or the Certificate of the independent CPA with Audited Financial
Statements, if the gross annual sales, earnings, receipts or output exceed
P3,000,000.
- Proof of prior year’s excess
tax credits, if applicable
Deadline
Final Adjustment Return or
Annual Income Tax Return - On or before the 15th day of the fourth
month following the close of the taxpayer’s taxable year
Account Information Form For Corporations And Partnerships
BIR Form 1702 AIF - Account
Information Form (For Corporations and Partnerships)
NOTE: Pursuant to Sec. 71 of RA
10963, otherwise known as Tax Reform Acceleration and Inclusion Act, amending
Sec. 232 of the Tax Code, as amended, in relation toRevenue Memorandum Circular
No. 6 – 2001, corporations, companies or persons whose gross annual sales,
earnings, receipts or output exceed P3,000,000 may not accomplish this form. In
lieu thereof, they may file their annual income tax returns accompanied by
balance sheets, profit and loss statement, schedules listing income-producing
properties and the corresponding income therefrom, and other relevant
statements duly certified by an independent CPA.
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