Get the free bir form 1700 excel file download

The Tax System of the Philippines I. Personal Income Tax 1. Who are Liable? General Treatment of Taxation of Individuals Under Section 23 of the National Internal Revenue Code of the Philippines (NRC),

How to fill out bir form 1700 excel

How to fill out bir form 1700 excel:

1. Open Microsoft Excel on your computer.
2. Download the BIR Form 1700 Excel template from the official BIR website or any reliable source.
3. Open the downloaded template in Excel.
4. Start by entering your personal information such as name, address, and taxpayer identification number (TIN).
5. Fill in the necessary details related to your income, such as compensation income, business income, and other taxable income.
6. Calculate and input the applicable deductions, exemptions, and tax credits.
7. Compute the total tax due based on the given tax table or tax rate.
8. Include any other information required by the form, such as information on dependents, receipts of income, and proof of taxes withheld.
9. Review and double-check all the information you have entered.
10. Once you are certain that everything is accurate, save the completed form on your computer and print a physical copy.

Who needs bir form 1700 excel:

1. Individuals who are engaged in business and practicing their profession, including professionals such as doctors, lawyers, and engineers, need to fill out BIR Form 1700 Excel.
2. Employees who have multiple employers or those who have self-employed income in addition to their compensation income should also fill out this form.
3. Individuals who earn income from sources other than employment, such as rental income or capital gains, are also required to file BIR Form 1700 Excel.

People Also Ask about

What is the difference between 1701A and 1701?

1701 is for those with mixed-income (eg. someone who is both a freelance writer and a teacher), while 1701A is for those whose income is only coming from his/her business or profession (eg. a full-time freelance writer or a bakery owner).

Who are required to submit audited financial statements to BIR?

Under the Bureau of Internal Revenue (BIR), corporations, partnerships, or individuals earning gross sales of more than P3,000,000 per year must submit an Audited Financial Statement to the BIR each year.

Do I need to file BIR 1700?

For individuals earning purely compensation income from two or more employers within the same taxable year, they are required to file BIR Form 1700 as their annual income tax return.

What is the difference between BIR form 1700 and 1701?

1700 while self-employed individuals should file either the Annual Income Tax Return for Individuals Earning Purely from Business or Profession (BIR Form No. 1701A) or the Annual Income Tax Return for Individuals including Mixed Income Earner, Estates and Trusts (BIR Form No. 1701).

Who is not required to file the quarterly income tax return?

But if the earning has deducted with final withholding tax, it is not mandatory to file BIR Form 1701Q. In addition, individual employees earning purely compensation income do not need to file BIR Form 1701Q quarterly.

How to file BIR form 1700 online?

Procedures Fill-up applicable fields in the BIR Form No. 1700. Pay electronically by clicking the "Proceed to Payment" button and fill-up the required fields in the "eFPS Payment Form" click "Submit" button. Receive payment confirmation from eFPS-AABs for successful e-filing and e-payment.

Are BIR forms downloadable?

Through the use of the downloadable eBIRForms Software Package (also known as the Offline Package), taxpayers and Accredited Tax Agents (ATAs) will be able to fill up tax returns offline and submit it to the BIR through the Online eBIRForms System.

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What is bir form 1700 excel?

BIR Form 1700 Excel is a tax return form used in the Philippines for individuals earning purely compensation income, which is filed electronically in Excel format.

Who is required to file bir form 1700 excel?

Individuals who are employees receiving compensation income and whose taxes are withheld by their employers are required to file BIR Form 1700 Excel.

How to fill out bir form 1700 excel?

To fill out BIR Form 1700 Excel, you need to download the form from the BIR website, complete the required fields with your personal and income details, and ensure that all necessary attachments are included before submitting it electronically.

What is the purpose of bir form 1700 excel?

The purpose of BIR Form 1700 Excel is to declare income earned from employment, calculate the tax liability owed, and comply with the income tax filing obligations set by the Bureau of Internal Revenue.

What information must be reported on bir form 1700 excel?

Information reported on BIR Form 1700 Excel includes the taxpayer’s name, Tax Identification Number (TIN), details of compensation income, tax withheld, and other relevant personal information.