Detailed breakdowns of Cost of Sales, Ordinary Allowable Itemized Deductions, Taxes and Licenses, Reconciliation of Net Income per Books against Taxable Income, and Tax Credits. How to Build or Choose a Free Excel Template Safely
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Filing annual income tax returns can feel overwhelming, especially when you are looking for the right form and the right format. For Philippine corporations, partnerships, and other non‑individual taxpayers, BIR Form is the key document for filing annual income taxes. If you have been searching for the BIR Form 1702‑RT version 2018 in Excel format for free , you have come to the right place. This guide will walk you through everything you need to know about the form, the 2018 version, how to use Excel for your filing, and where to find reliable resources.
BIR Form 1702-RT is the .
The "Version 2018" design was introduced to incorporate the sweeping structural changes mandated by Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law. It replaced older versions to reflect updated tax rates, revised computational schemas, and new scheduling structures. Who Must File Form 1702-RT?
Are you filing for a standard or a specific fiscal year corporate timeline? Share public link
Never trust a downloaded spreadsheet blindly. Click through the operational cells to ensure the formulas match current tax laws and are not broken or hardcoded with static numbers. bir form 1702 rt version 2018 excel format free
It allows for a collaborative review process before the data is "locked" into the official BIR software.
It serves as a working paper to ensure figures match the Audited Financial Statements before filing through the eBIRForms Package. Where to Find Free BIR Form 1702-RT (2018) Excel Files
The BIR updated the 2018 version by adding a letter "C" after the date for later revisions, resulting in the filename 1702-RTv2018C . This is still essentially the same January 2018 version (ENCS), just with minor modifications and additional Alphanumeric Tax Codes. The Official Receipts feature might also be updated. Detailed breakdowns of Cost of Sales, Ordinary Allowable
Where to Find BIR Form 1702-RT Version 2018 Excel Format Free
The standard RCIT rate is , although smaller domestic corporations may qualify for a reduced 20% rate under the CREATE Act if total assets do not exceed ₱100 million (excluding land) and net taxable income is ₱5 million or less.
Gross Income=Sales/Revenues/Receipts/Fees−Cost of Sales/Services+Other Taxable Income Non-OperatingGross Income equals Sales/Revenues/Receipts/Fees minus Cost of Sales/Services plus Other Taxable Income Non-Operating 2. Net Taxable Income If you have been searching for the BIR
Tax Credits and Payments (Creditable Withholding Taxes/Form 2307, prior year's excess credits).