Form 1702 Rt Version 2018 Excel Format Free !!top!! | Bir

Complete Guide to BIR Form 1702-RT (Version 2018): Free Excel Format & Filing Instructions

To recap:

• Download from reputable, free sources (JuanTax, Taxumo Community).
• Verify the formulas (25% tax rate, MCIT comparison).
• Use the Excel file to compute, then eFile using eBIRForms.
• Keep the Excel file for at least 3 years per the BIR’s retention policy.

1. What is BIR Form 1702-RT?

This form is specifically for entities that do not enjoy special tax incentives or exemptions . It is used to declare: bir form 1702 rt version 2018 excel format free

Taxpayers often seek Excel versions for easier draft preparation before encoding into the official BIR software. 1702-RT - BIR Complete Guide to BIR Form 1702-RT (Version 2018):

• Surcharge: 25% of the tax due (50% if wilful neglect)
• Interest: 12% per annum from due date until full payment
• Compromise penalty: Depending on gross sales (₱5,000 to ₱20,000)
• Late filing penalty: ₱1,000 per return (for zero tax due, still subject to surcharge if tax payable)