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Detailed guidelines for filing Capital Gains Tax Return BIR FORM NO. 1706 for real property transactions in the Philippines, applicable for 2018.
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How to fill out bir form no 1706
How to fill out bir form no 1706
01
Obtain a copy of BIR Form No. 1706 from the nearest BIR office or download it from the BIR website.
02
Fill in the required information such as TIN, taxpayer's name, address, contact details, and the applicable tax year.
03
Provide details of income, deductions, tax credits, and tax due on the form.
04
Review the filled-out form for any errors or missing information.
05
Sign and date the form before submitting it to the BIR office or authorized collecting agent.
Who needs bir form no 1706?
01
Individuals or entities who have received income subject to final tax under the National Internal Revenue Code.
02
Those who are required to file an annual income tax return with the BIR.
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What is bir form no 1706?
BIR Form No. 1706 is the Annual Income Tax Return for individuals earning purely compensation income.
Who is required to file bir form no 1706?
Individuals who earn purely compensation income are required to file BIR Form No. 1706.
How to fill out bir form no 1706?
BIR Form No. 1706 should be filled out accurately and completely based on the individual's compensation income for the year.
What is the purpose of bir form no 1706?
The purpose of BIR Form No. 1706 is to declare an individual's compensation income and compute the corresponding income tax due.
What information must be reported on bir form no 1706?
Information such as the individual's personal details, compensation income, deductions, exemptions, and tax credits must be reported on BIR Form No. 1706.
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