Is 1702Q required?
So, if any of the above-mentioned classifications apply to you, you will need to file BIR Form 1702Q. For individual taxpayers like freelancers and sole proprietors, you will be filing BIR Form 1701Q instead.
Is there a new BIR form 1702Q?
The new BIR Form 1702Q January 2018 version is now available in the EFPS. eFPS-filers shall select the Alphanumeric Tax Code (ATC) with the corresponding tax rate to be used (20% or 25%).
How much is the penalty for late BIR registration?
On the other hand, the BIR collects an Annual Registration Fee (ARF) of PHP500 for every separate place of business, on or before the 31st of January each year. A compromise penalty of PHP1,000 plus a 25% surcharge and 12% annual interest will be imposed in case of delay or failure to pay.
Who needs to file 1702Q?
BIR form 1702Q, or also known as Quarterly Income Tax Return (For Corporations and Partnerships) is a tax return intended for corporations, partnerships and non-individual taxpayers.
How do I download my EBIR form?
Simply go to https://www.bir.gov.ph/ and click the “To download Offline eBIRForms Package v7” link in order for you to download the eBIRForms package. The application will be downloaded in the form of a . zip file.
What is BIR Form No 1702Q?
What are the requirements for late registration?
Here are the documents you need to bring for late registration of your child’s birth certificate:
- Negative Results Certification or NRC.
- Baptismal Certificate.
- Marriage contract of the parents (if married) or acknowledgement of the biological father and a copy of his Community Tax Certificate (CTC), if not married.
How can I avoid Bir penalties?
Tips to Legally Avoid Paying BIR Penalties During Tax Mapping
- BIR Certificate of Registration (BIR Form 2303)
- Annual Registration Fee for the Current Year (BIR Form 0605)
- Notice to the Public “ASK FOR RECEIPT” Signage.
Why do we need to withhold tax?
A withholding tax takes a set amount of money out of an employee’s paycheck and pays it to the government. The money taken is a credit against the employee’s annual income tax. If too much money is withheld, an employee will receive a tax refund; if not enough is withheld, an employee will have an additional tax bill.