Many accountants keep the Excel version as their and the eBIRForms output as the official filing .
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If you need assistance setting up your workbook, let me know. I can clarify , outline how to calculate MCIT vs. RCIT , or help you list required attachments for eAFS submission . Share public link
Ensure the template does not hardcode the old 30% corporate income tax rate. Under the CREATE Law, the Regular Corporate Income Tax (RCIT) dropped to 25% (or 20% for domestic corporations with net taxable income below PHP 5 million and total assets below PHP 100 million, excluding land). Your Excel formulas must reflect these tiered conditions. bir form 1702 rt version 2018 excel format free
The form is filed with the Bureau of Internal Revenue (BIR) Large Taxpayer Division (LTD) for large taxpayers, or with the Revenue District Office (RDO) having jurisdiction over the taxpayer's place of business.
Accounting firms and online platforms sometimes share Excel templates designed to mimic BIR Form 1702‑RT. These are not official BIR forms, but they can help you organize your data before transferring it to the official PDF or eBIRForms system. Exercise caution when downloading templates from unknown sources, and always verify against the official BIR form before filing.
This section provides a summary of your tax position for the year. It adds any penalties to your net tax payable to give you the final amount due. Many accountants keep the Excel version as their
Before using any downloaded Excel file, perform these 3 checks:
While the BIR has released later updates (e.g., 2021 and 2022 revisions), many small and medium enterprises still prefer the 2018 version because it is stable, well-documented, and compatible with older Excel software.
While I cannot directly provide or attach files, I can help you for such an Excel file that would be useful for free distribution or internal company use. I can clarify , outline how to calculate MCIT vs
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.
: This is the standard "free" digital tool provided by the BIR. You can download eBIRForms directly from the official BIR website under the eServices tab. Select 1702-RT version 2018 within the software to begin.
for digital filing, many users prefer Excel for its flexibility in drafting. Bureau of Internal Revenue Key Chapters in the 1702-RT Version 2018 Payment/Remittance Forms - Bureau of Internal Revenue