(To be filled up by the BIR

)

DLN: Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas

BCS No.

PSIC:

Annual Income Tax Return
6 ATC

BIR Form No.

For Corporations, Partnerships and Other Non-Individual Taxpayers Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 For the Calendar Fiscal 3 Amended 4 Short 5 No. of Yes Yes Return? Period sheet/s 2 Year Ended attached ( MM / YYYY ) No No Return? Part I Background Information 8 RDO 9 Line of Business 7 TIN Code 10 Taxpayer's Name

July 2008 (ENCS)

1702

11 Registered Address 13 Date of Incorporation/Creation (MM/DD/YYYY) 15 Method of Deduction 14 Date of Registration with BIR (MM/DD/YYYY) 40% Optional Standard Deduction 16B No If yes, specify Computation of Tax EXEMPT Special Rate 17 Sales/Revenues/Receipts/Fees (Sch.1) 18 Less: Cost of Sales/Services (Sch. 2/3) 19A 19 Gross Income from Operation 20A 20 Add: Non-Operating & Taxable Other Income (Schedule 4) 21A 21 Total Gross Income 22 Less: Deduction Optional Standard Deduction (Sch. 6) 22A OR Itemized Deduction (Sch. 7) 23 Taxable Income……………………………………………………………...……… 24A 24 Tax Rate (except MCIT Rate)………………………………………………………………………….. 25A 25 Income Tax ……………………….. ……. ………………………………………….. 26 26 Less: Share of Other Agencies (RA 7916/8748, etc)………………………… 25B 21B 20B 21C 19B 19C 17A 18A 17B 18B 17C 18C

12 Zip Code

Itemized Deduction

16 Are you availing of tax relief under Special Law/ International Tax Treaty? Yes 16A Part II

TAXABLE Regular Rate

22B 23A

22C 23B 24B

27 Minimum Corporate Income Tax (MCIT) (Section B)………………………………………………………………...…………..27 28 Tax Due 28A 28A Tax on Transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax whichever is higher)……….. 28B 28B Less: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate (deductible only if the current year's tax due is the normal rate) (Section C)…………………………………………… 28C 28C Balance (Item 28A less Item 28B)………………………………………………………………………………...………….. 28D 28D Add: Tax Due to the BIR on transactions under Special Rate (25A less 26) 29 Aggregate Income Tax Due (Sum of Items 28C and 28D) ………………………………….. Less: Tax Credits/Payments 30A 30A Prior Year's Excess Credits other than MCIT ..................................................................... 30B 30B Tax Payments for the First Three Quarters……………………………………………..…….. 30C 30C Creditable Tax Withheld for the First Three Quarters ……………………..…………………. 30D 30D Creditable Tax Withheld Per BIR Form No. 2307 for the Fourth Quarter …. ……...………. 30E 30E Foreign Tax Credits, if applicable..................................................…..……………………… 30F 30F Tax Paid in Return Previously Filed, if this is an Amended Return............………...………. 30G 30G Others, please specify______________________________________……………............. 30H 30H Total Tax Credits/Payments (Sum of Items 30A to 30G)…………………………….....……… 31 Tax Payable/(Overpayment)(Item 29 less Item 30H)......................................…………………………… Add: Penalties Surcharge Interest Compromise 32A 32B 32C 32D

29 30

31 32

33 Total Amount Payable/(Overpayment) (Sum of Items 31 & 32D)........................................……….………… 33 If overpayment, mark one box only: (once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate To be carried over as tax credit next year/quarter Part III D e t a i l s of P a y m e n t Drawee Bank/ Date Particulars Agency Number MM DD YYYY Amount 34B 34C 34D 34 Cash/Bank 34A Debit Memo 35A 35B 35C 35D 35 Check 36 Tax Debit Memo 37 Others
36A 37A 37B 36B 37C 36C 37D

Stamp of Receiving Office/ AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial)

Machine Validation/Revenue Official Receipt Details (If not filed with the bank)

\mariam

Wages and Benefits Direct Charges .Rental Direct Charges . End Cost of Sales (to Item 18) Schedule of Cost of Sales (Service) Amount under Special Rate Amount under Regular Rate Schedule 3 49 50 51 52 53 54 55 Direct Charges . Supplies. if necessary) Net Operating Loss (Unapplied) Schedule 5B 66 67 68 69 70 Total (To Item 118) Computation of Minimum Corporate Income Tax (MCIT) of Current Year Section B 71 72 73 Total Gross Income for MCIT purposes Tax Rate Minimum Corporate Income Tax (to Item 27) Computation of Excess Minimum Corporate Income Tax (MCIT) of Previous Year Normal Income Tax Year as adjusted MCIT Excess of MCIT over Normal Income Tax as adjusted Excess MCIT applied this Year Balance MCIT still allowable as Tax Credit Expired Portion of Excess MCIT 2% Section C 74 75 76 77 .Materials. if necessary) Regular Rate Creditable Tax Withheld Taxable Amount Schedule of Sales/Revenues/Receipts/Fees 38 39 40 41 42 43 Sale of Goods/Properties Sale of Services Lease of Properties Total Less: Sales Returns/Discounts Net Sales/Revenues/Receipts/Fees (to Item 17) Schedule of Cost of Sales (Trading / Manufacturing) Amount under Special Rate Amount under Regular Rate Schedule 2 44 45 46 47 48 Merchandise/Finished Goods Inventory. and Facilities Direct Charges .Depreciation Direct Charges .Section A Schedule 1 Gross Income Special Rate Taxable Amount Creditable Tax Withheld BIR FORM 1702 (ENCS) .Salaries.Outside Services Direct Charges .Others Total Cost of Services (Sum of Items 49 to 54) (to Item 18) Schedule 4 Nature of Income 56 57 58 59 60 61 62 Total Non.PAGE 2 (Attach additional sheet/s.Operating and Taxable Other Income (to Item 20) Schedule of Non-Operating and Taxable Other Income Creditable Tax Withheld Special Rate Taxable Amount Regular Rate Creditable Tax Withheld Taxable Amount Schedule 5A 63 64 65 Gross Income Computation of Net Operating Loss Carry Over (NOLCO) Less: Total Deductions exclusive of NOLCO & Deductions under Special Laws Net Operating Loss Carry Over (to Schedule 5B) Computation of Available Net Operating Loss Carry Over (NOLCO) Net Operating Loss Year Incurred Amount Applied Previous Year Net Operating Loss Carry Over Applied Current Year Expired (Attach additional sheet/s. Beginning Add: Purchases of Merchandise/Cost of Goods Manufactured Total Goods Available for Sale Less: Merchandise/Finished Goods Inventory.

that this return has been made in good faith. No. Add: Non-deductible Expenses/Taxable Other Income 122 123 Total (Sum of Items 120 & 121)…………………………………… Less: Non-taxable Income and Income subjected to Final Tax 124 Special Deductions: 125 126 Total (Sum of Items 123 & 124)…………………………… Net Taxable Income/(Net Loss) (Item 122 less Item 125) We declare.Section D Schedule 6 BIR FORM 1702 (ENCS) . HDMF and Other Contributions Schedule of Itemized Deduction EXEMPT TAXABLE Special Rate Regular Rate Insurance Representation and Entertainment Transportation and Travel Fuel and Oil Communication. GSIS. B & C) Section E 120 121 Reconciliation of Net Income Per Books Against Taxable Income (Attach additional sheets if necessary) Special Rate Regular Rate Net Income/(Loss)per books………………………………………. pursuant to the provisions of the National Internal Revenue Code. as amended. (if applicable) TIN of Signatory Date of Issuance Date of Expiry Title/Position of Signatory TIN of Signatory Date Issued MM DD YYYY 132 Community Tax Certificate Number 129 130 Place of Issue 131 Amount . under the penalties of perjury. Philhealth. 4) 79 80 Total 40% Optional Standard Deduction (to Item 22A. if necessary) Total Expenses (Sum of Items 82 to 116) Allowance of NOLCO (from Schedule 5B) Total (Sum of Items 117& 118) (to Item 22A. and to the best of our knowledge and belief. is true and correct. and the regulations issued under authority thereof.. verified by us. B & C) 81 Schedule 7 Nature of Expense / Deduction 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 Salaries and Allowances Fringe Benefits Rental Professional Fees Director's Fees Management and Consultancy Fee Security Services Janitorial and Messengerial Services Tolling Fees Other Outside Services Advertising Commissions Repairs and Maintenance-Labor Repairs and Maintenance-Materials/Supplies Research and Development Office Supplies Royalties Interest SSS. Treasurer President/Vice President/Principal Officer/Accredited Tax Agent/ (Signature Over Printed Name) (Signature over Printed Name) Title/Position of Signatory Tax Agent Acc. 127 128 Treasurer/Asst.PAGE 3 Deduction Computation of Optional Standard Deduction Amount under EXEMPT Amount under Special Rate Amount under Regular Rate 78 Gross Income from Operation (from Item 19) Non-Operating and Taxable Other Income (from Item 20/Sch. Light and Water Taxes and Licenses Losses Bad Debts Depreciation Amortization of Intangibles Depletion Charitable Contributions Amortization of Pension Trust Contribution Miscellaneous Others: (attach add'l sheet/s./Atty's Roll No.

2009 IC 191 6. January 1. January 1 . General Professional Partnership 9. Minimum Corporate Income Tax Taxable Income from All Sources Gross Income On Taxable Income from All sources IC 020 6.business or other activity exceeds fifty percent (50%) of the total gross income from all sources.October 31. 2008 January 1. Proprietary Educational Institution whose gross income from unrelated trade. 2008 January 1.December 31. January 1 . 2005 November 1. January 1 . 2005 . Regional Operating Headquarters* 4. 2008 January 1. Corporation covered by Special Law* IC 190 5.December 31. January 1. 2009 IC 055 b.ATC Description DOMESTIC CORPORATION Tax Rate 32% 35% 30% 2% 10% Tax Base ATC Description Tax Rate 32% 35% 30% 2% 0% *same rate as in 1a exempt BIR FORM 1702 (ENCS) .December 31.December 31. Taxable Partnership a. 2005 November 1. January 1 . Partnerships and Other Non-Individual Taxpayers) GUIDELINES AND INSTRUCTIONS . Non Stock-Non Profit Hospitals a. Minimum Corporate Income Tax 7.October 31. 2008 January 1.December 31. 2005 . Agencies & Instrumentalities a. 2005 . Minimum Corporate Income Tax IC 031 3. January 1. Non Stock-Non Profit Hospitals whose gross income from unrelated trade. 2005 November 1. Proprietary Educational Institutions a. 2005 . 2005 November 1.December 31.October 31. 2009 IC 055 b. International Carriers IC 101 3.December 31. 2005 November 1. 2005 . Minimum Corporate Income Tax IC 040 4. January 1 . 2005 . Exempt Corporation IC 011 a. 2009 IC 055 b.December 31.business or other activity exceeds fifty percent (50%) of the total gross income from all sources. Offshore Banking Units (OBU's) a. 2008 January 1.October 31. On Exempt Activities IC 010 b. National Gov't & LGU's a. 2008 January 1. Corporation covered by Special Law* On Taxable Income from All Sources On Gross Income On Taxable Income from all sources 32% 35% 30% 2% 10% Taxable Income from All Sources Gross Income On Taxable Income from All sources RESIDENT FOREIGN CORPORATION IC 070 1.October 31. 2005 November 1.Annual Income Tax Return (For Corporations.October 31. In General a. Foreign Currency Deposit Units (FCDU's) a. In General a.October 31. 2005 .December 31. GOCC. 2008 January 1. 2005 November 1.October 31. On Taxable Activities IC 021 8. 2008 January 1. 2005 November 1. 2009 IC 055 b.PAGE 4 Tax Base IC 010 1. 1702 . Minimum Corporate Income Tax IC 030 2. 2009 IC 055 b. Minimum Corporate Income Tax IC 080 2. 2009 IC 055 b. 2005 . Minimum Corporate Income Tax IC 041 5. January 1 . 2005 November 1. 2008 January 1. 2009 IC 055 b. 2005 .5% 10% 10% On Taxable Income from within the Philippines On Gross Income Gross Philippine Billing On Taxable Income On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax On Taxable Income Other Than Foreign Currency Transaction On Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax On Taxable Income Other Than Foreign Currency Transaction 32% 35% 30% 2% 32% 35% 30% 2% 32% 35% 30% 2% Taxable Income from All Sources Gross Income On Taxable Income from All Sources On Gross Income On Taxable Income from Proprietary activities On Gross Income 32% 35% 30% 10% 32% 35% 30% * PLEASE REFER TO REVENUE DISTRICT OFFICES BIR Form No.October 31. 2009 32% 35% 30% 2% 2.

on or before the due date. The return shall be filed in triplicate copies by the president/ vice-president/other principal officer/Accredited Tax Agent and shall be sworn to by such officer/agent and by the Treasurer or Assistant Treasurer.2 Certificate of Accreditation Number. the excess payment shall be automatically carried-over to the next taxable period. taxes. A surcharge of twenty five percent (25%) for each of the following violations: a) Failure to file any return and pay the amount of tax or installment due on or before the due dates. Proof of other payment/s. 3. For CPAs and others (individual practitioners and members of GPPs). which option shall be considered irrevocable for that taxable period. a corporation who availed and claimed this deduction is still required to submit its financial statements when it files its annual tax return and to keep such records pertaining to its gross income. charitable and other contributions. joint accounts.000). B. Proof of Foreign Tax Credits. the name of the bank. the return shall be filed with the Revenue Collection Officer or Duly Authorized City or Municipal Treasurer of the municipality or city under the jurisdiction of the Revenue District Office where the taxpayer is required to register/which has jurisdiction over the location of the principal office of the “CORPORATION” filing the return. However. 4. no application for cash refund or issuance of a tax credit certificate shall be allowed. § TIN = Taxpayer Identification Number. Attachments Required: 1. The machine validation shall reflect the date of payment. on or before the 15th day of the fourth month following the close of the taxpayer's taxable year. once the taxpayer opted to carry-over and apply the excess income tax against income tax due for the succeeding taxable year. 1 & 2 refer to transaction period and not the date of filing this return. Certificate of Income Payments not subjected to Withholding Tax (BIR Form 2304). Schedule for returns filed by General Professional Partnerships. Thus. Itemized deduction includes also interest. Compromise penalty. 10. This return shall be filed with any Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office where the taxpayer is required to register/which has jurisdiction over the location of the principal office of the “CORPORATION” filing the return. the deduction shall cover only the period beginning the effectivity of RA 9504 which is on July 6. governmentowned or controlled corporations. or b) In case a false or fraudulent return is willfully made. Tax Refund/Credit An excess of the total tax credits/payments over the actual income tax due computed in the final adjusted return may be refunded or issued with the Tax Credit Certificate to the taxpayer or credited against his estimated income tax liabilities for the quarters of the succeeding taxable years. depreciation. agencies and instrumentalities shall render a true and accurate come tax return in accordance with the provisions of the Tax Code. 2008 ------------35% January 1. depending on the accounting period employed) immediately following the taxable year in which such corporation commenced its business operation. filing a return with a person or office other than those with whom it is required to be filed. 2009 and onwards ---------------------------30% Deductions A corporation shall choose either the itemized or optional standard (described below) deduction. Account Information Form (AIF) and/or Financial Statements. coal. When and Where to File The return shall be filed. associations (except foreign corporation not engaged in trade or business in the Philippines and joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum. if applicable. Date of Issuance. partnership no matter how created or organized. In places where there are no AABs. operation and/or conduct of the trade and business. When and Where to Pay Upon filing this return. 6. 2005 to December 31. and a. a. teller’s code and teller’s initial. 11. For amended returns filed. 9. for each of the following violations: a) Willful neglect to file the return within the period prescribed by the code or by rules and regulations. ENCS . and Date of Expiry. Certificate of Creditable Tax Withheld at Source (BIR Form 2307).Who shall file Every corporation. 2. For taxable year 2008 which is the initial year of the implementation of the 40% OSD under RA 9504 in lieu of itemized deduction for corporations. In case the taxpayer fails to signify his choice. addresses and shares of each of the partners. if applicable. members of GPPs). § All returns filed by an accredited tax agent on behalf of a taxpayer shall bear the following information: A. The taxpayer shall exercise his option by marking with an "x" the appropriate box. receipts or output exceed P 150. It shall indicate the choice by marking with “X” the appropriate box. in case any payment has been made on the basis of such return before the discovery of the falsity or fraud. In places where there are no AABs. and b. § The last 4 digits of the 13-digit TIN refers to the branch code. 8. 2524). For members of the Philippine Bar (individual practitioners. 2. 2008. b. if applicable. earnings. 7. Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax at Source (SAWT). 5. 2008 shall be considered as the start of the period when the 40% OSD may be allowed. § Box Nos. joint stock companies. Interest at the rate of twenty percent (20%) per annum on any unpaid amount of tax. branch code. Duly approved Tax Debit Memo. and 12. Proof of prior years' excess credits. Any excess of the MCIT over the normal income tax shall be carried forward and credited against the normal income tax for the three (3) immediate succeeding taxable years. with or without payment. c) Failure to pay the full or part of the amount of tax shown on the return. geothermal and other energy operations). respectively. TINs. otherwise. the corporation shall be considered as having availed of the itemized deduction. 4. The computation and the payment of MCIT shall apply each time a corporate income tax return is filed. losses. from the date prescribed for the payment until it is fully paid. which the bank teller shall machine validate as evidence that payment was received by the AAB.1 Taxpayer Identification Number (TIN). research and development and pension trust. depletion. the total amount payable shall be paid in full to the AAB where the return is filed. Optional Standard Deduction (OSD) – A maximum of 40% of the gross income shall be lowed as deduction in lieu of the itemized deduction. management. Itemized Deduction – There shall be allowed as deduction from gross income all the ordinary and necessary trade and business expenses paid or incurred during the taxable year in carrying on or which are directly attributable to the development. Normal Rate of Income Tax The regular rates of income tax are as follows: January 1 to October 31. Where the return is filed with an AAB. d) Failure to pay the deficiency tax within the time prescribed for its payment in the notice of assessment. if any. to simplify and for ease of administration July 1. if applicable. Every general professional partnership shall file a return of its income setting forth the items of gross income and of deductions and the names. The MCIT shall be imposed whenever the corporation has zero or negative taxable income or whenever the amount of minimum corporate income tax is greater than the normal income tax due from such corporation. taxpayer must accomplish and submit BIRprescribed deposit slip. b) Unless otherwise authorized by the Commissioner. A surcharge of fifty percent (50%) of the tax or of the deficiency tax. The AAB receiving the tax return shall stamp mark the word “Received” on the return and also machine validate the return as proof of filing the return and payment of the tax by the taxpayer.2 Attorney’s Roll number or Accreditation Number. payment shall be made directly to the Revenue Collection Officer or duly Authorized City or Municipal Treasurer who shall issue Revenue Official Receipt (BIR Form No. Bank debit memo number and date should be indicated in the return for taxpayers paying under the bank debit system. 2005 --------------------------32% November 1. amount paid and transactions code. Minimum Corporate Income Tax (MCIT) A minimum corporate income tax (MCIT) of two percent (2%) of the gross income is imposed upon any domestic corporation and resident foreign corporation beginning the fourth th) (4 taxable year (whether calendar or fiscal year. bad debts. if applicable. The choice made in the return is irrevocable for the taxable year for which the return is made. whether quarterly or annual basis.1 Taxpayer Identification Number (TIN). Certificate of Tax Treaty/Relief. However. Certificate of the independent CPA (The CPA Certificate is required if the gross quarterly sales. 3. proof of tax payment and the return previously filed. or the full amount of tax due for which no return is required to be filed. For EFPS Taxpayer The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing applicable revenue issuances. Penalties: There shall be imposed and collected as part of the tax: 1. NAME TIN ADDRESS SHARE OF EACH PARTNER Note: All Background information must be properly filled up.

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