Bir Form 1702 Rt Version 2018 Excel Format Free [portable] Jun 2026

| Section | Description | | :--- | :--- | | | Collects basic taxpayer details: TIN, RDO Code, registered name, address, date of incorporation, contact number, email address, and the chosen method of deduction (Itemized Deductions or Optional Standard Deduction - OSD). | | Part II – Total Tax Payable | Summarizes the final tax due, penalty calculations, and the total amount payable (or overpayment). The overpayment options are irrevocable. | | Part III – Details of Payment | Specifies how the payment was made (e.g., cash, check, debit memo). | | Part IV – Computation of Tax | The core of the form, this section calculates the tax due based on gross income, allowable deductions, and other schedules. | | Schedules (Part VI) | Provides detailed breakdowns for various items, including the Optional Standard Deduction (OSD) , Cost of Sales, Ordinary/ Special Allowable Itemized Deductions, Net Operating Loss Carry Over (NOLCO) schedule, Tax Credits/Payments, and other required attachments like the Audited Financial Statements (AFS) . |

Form 1702-RT is an annual report that summarizes your company's financial activities for a taxable year. It is used to declare your gross sales or revenues, deduct allowable expenses, and compute your final income tax due or any overpayment.

While the BIR provides PDF forms, many accountants and tax practitioners prefer for several reasons: bir form 1702 rt version 2018 excel format free

Submit the validated file through the eBIRForms platform.

After successful installation, launch the application. From the list of available forms, select "BIR Form No. 1702-RT - January 2018 (ENCS)". | Section | Description | | :--- |

An offline serves as a vital bridge. Benefits of an Excel-Based 1702-RT Form

Method of Deduction (Itemized Deduction vs. Optional Standard Deduction or OSD). 2. Part II – Total Tax Payable | | Part III – Details of Payment

This core computational area determines whether your company will pay based on RCIT or MCIT.

Start from the rear schedules of the Excel file and work your way forward. Input data into the Itemized Deductions schedules, Cost of Sales schedules, and Non-Operating Income blocks first. These values will automatically cascade forward into the primary computation sheets. Step 3: Run Validation Checks

The Bureau of Internal Revenue (BIR) typically provides the official, fillable versions through its offline eBIRForms package or the eFPS website. For those specifically seeking an Excel or editable version for draft preparation, the following sources offer downloadable templates:

Filing with an incorrect version of a tax form can result in your return being classified as a "wrong venue" or invalid submission, which may incur substantial penalties, surcharges (typically 25% of the tax due), and compromise penalties. Always use the 2018 version or newer as mandated by prevailing regulations.