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    RMC No. 134-2019

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    cris gerard trinidad
    This circular announces the availability of the revised BIR Form No. 1702-EX (Annual Income Tax Return) January 2018 version 2 for corporations, partnerships, and other non-individual taxpayers that are exempt under the Tax Code. The revised form includes both optional standard deductions and itemized deductions that can be claimed by general professional partnerships. It is available on the BIR website and in the Offline Electronic BIR Forms Package v7.5, though not yet in the Electronic Filing and Payment System. Once added to eFPS, another issuance will announce its availability there. The circular also notes the availability of Form No. 1702-RT in the Offline eBIRForms Package.

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    RMC No. 134-2019

    Uploaded by

    cris gerard trinidad
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    This circular announces the availability of the revised BIR Form No. 1702-EX (Annual Income Tax Return) January 2018 version 2 for corporations, partnerships, and other non-individual taxpayers that are exempt under the Tax Code. The revised form includes both optional standard deductions and itemized deductions that can be claimed by general professional partnerships. It is available on the BIR website and in the Offline Electronic BIR Forms Package v7.5, though not yet in the Electronic Filing and Payment System. Once added to eFPS, another issuance will announce its availability there. The circular also notes the availability of Form No. 1702-RT in the Offline eBIRForms Package.

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    This circular announces the availability of the revised BIR Form No. 1702-EX (Annual Income Tax Return) January 2018 version 2 for corporations, partnerships, and other non-individual taxpayers that are exempt under the Tax Code. The revised form includes both optional standard deductions and itemized deductions that can be claimed by general professional partnerships. It is available on the BIR website and in the Offline Electronic BIR Forms Package v7.5, though not yet in the Electronic Filing and Payment System. Once added to eFPS, another issuance will announce its availability there. The circular also notes the availability of Form No. 1702-RT in the Offline eBIRForms Package.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views1 page

    RMC No. 134-2019

    Uploaded by

    cris gerard trinidad
    This circular announces the availability of the revised BIR Form No. 1702-EX (Annual Income Tax Return) January 2018 version 2 for corporations, partnerships, and other non-individual taxpayers that are exempt under the Tax Code. The revised form includes both optional standard deductions and itemized deductions that can be claimed by general professional partnerships. It is available on the BIR website and in the Offline Electronic BIR Forms Package v7.5, though not yet in the Electronic Filing and Payment System. Once added to eFPS, another issuance will announce its availability there. The circular also notes the availability of Form No. 1702-RT in the Offline eBIRForms Package.

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    of 1

    REPUBLIC OF THE PHILIPPINES

    DEPARTMENT OF FINANCE
    BUREAU OF INTERNAL REVENUE
    Quezon City

    December 4,2019

    REVENUE MEMoRANDUM cTRCULAR No. lTLlDn


    SUBJECT Circularizing the Availability of the Revised BIR Form No. 1702-EX
    (Annual Income Tax Return) January 2018 (ENCS) Version 2

    TO All Internal Revenue Officers, Employees, and Others Concerned

    This Circular is issued to prescribe the newly-revised BIR Form No. 1702-EX (Annual
    Income Tax Retum for Corporation, Partnership and Other Non-lndividual Taxpayer EXEMPT
    under the Tax Code) January 201 8 (ENCS) version 2, hereto attached as Annex "A", in relation
    to the provisions of Section 34 (L) of the National Internal Revenue Code (NIRC), as amended,
    and implemented by Section 8 of Revenue Regulations (RR) No. 8-2018'

    Hence, the aforesaid retum includes both the Optional Standard Deduction (OSD) and
    the itemized deductions, which are available to be claimed by General Professional
    Partnerships (GPPs).

    The revised manual return is already available in the BIR website (www.bir.gov.ph)
    under the BIR Forms-lncome Tax Return Section and in the Offline Electronic Bureau of
    lnternal Revenue Forms (eBIRForms) Package v7.5. However, the form is not yet available in
    the Electronic Filing and Payment System (eFPS); thus, eFPS filers shall use the Offline
    eBIRFbrms Package v7.5 in filing the said return. Once the return is available in the eFPS, a
    revenue issuance shall be released to announce the availability ofthe return.

    Further, BIR Form No. 1702-RT (Annual tn.lrn. Tax Retum for Corporations,
    Partnerships and Other Non-Individual Taxpayers Subject Only to the REGULAR [ncome
    Tax Rate) January 2018 (ENCS), which was circularized under Revenue Memorandum
    Circular (RMC) No. 19-2019, is also available in the Offline eBIRForms Package v7.5.

    All internal revenue officers, employees, and others concerned are hereby enjoined to
    give this Circular as wide a publicity as possible.

    -A"9,-t4,*/U5/
    CAESAR R. DULAY
    Commissioner of Internal Revenue

    H-2
    030950
    REAU OF INTEFNAL REVENUE

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