1702 Rt Version 2018 Excel Format - Bir Form

| Row | Item | Formula | |-----|------|---------| | 10 | Regular tax (25% of Row9) | =Row9 * 0.25 | | 11 | Minimum corporate income tax (MCIT) – if applicable | Manual or based on MCIT schedule | | 12 | Tax due (higher of 10 or 11) | =MAX(Row10, Row11) | | 13 | Less: Tax credits (CWT, foreign tax) | Manual entry | | 14 | Tax payable (12–13) | =Row12 - Row13 | | 15 | Add: Penalties (surcharge, interest, compromise) | Manual | | 16 | Total amount payable (14+15) | =Row14 + Row15 |

If you are a corporation, partnership, or other non-individual taxpayer in the Philippines subject to the Regular Corporate Income Tax, you are likely familiar with the annual ritual of filing . For tax years covering 2018 onwards, the Bureau of Internal Revenue (BIR) introduced a specific version—commonly referred to as Version 2018 —which streamlined calculations and aligned with the Tax Reform for Acceleration and Inclusion (TRAIN) Law. bir form 1702 rt version 2018 excel format

Create the following sheets in your Excel file: | Row | Item | Formula | |-----|------|---------|

It allows for easy computation and double-checking of figures before final submission. bir form 1702 rt version 2018 excel format