Annual Income Tax Return

When you submit a tax return to BIR, you're disclosing your earnings, spending, and
other important financial data. Returns for taxes are used to assess a taxpayer's tax
burden, schedule tax payments, or obtain a refund for an overpayment of tax. Tax returns
are required to be submitted on a yearly basis in the Philippines.
 
BIR Form No. 1701: Annual Income Tax Return For Individuals
(including MIXED Income Earner), Estates and Trusts
In line with Section 51 of the Code, as amended, people having mixed income (i.e., those
engaged in trade/business or profession but also receiving compensation income) must
submit BIR Form No. 1701. In order to file an annual income tax return, a taxpayer must
include all of their financial transactions for the previous calendar year.
 
The following people, regardless of their gross income, are required to complete this
form:
1. A Filipino citizen engaged in commerce, trade, or profession both within and outside
of the country.
2. Any foreign national or non-citizen resident working in the Philippines in the course
of his or her profession, whether as an employee or as a company owner.
3. A trustee of a trust, guardian of a minor, executor/administrator of an estate, or any
person acting in any fiduciary capacity for any person, where such trust, estate, minor, or
person is engaged in trade or business.
4. A person who is involved in a trade or company or profession and is also earning
compensation money.
 
Filing date: Taxpayers are required to submit this form on or before April 15 of
each year, which covers the preceding taxable year's income.
 
BIR Form No. 1701A: Annual Income Tax Return for Individuals Earning
Income PURELY from Business/Profession
Individuals using the flat 8 percent income tax rate and those who fall within the
graduated income tax rates with OSD as a method of deduction. Individuals who make
their money solely via trade, commerce, or the practice of the profession are required to
submit a tax return.
1. A resident citizen (within and without the Philippines)
2. A resident alien, non-resident citizen or non-resident alien (within the Philippines)
The return may only be utilized by the following individuals:
 individuals whose subject to graduated income tax rates and who use the standard
deduction as a strategy of tax planning, whether or not they have any sales or receipts
or other non-operational revenue; OR
 anybody earning less than Php 3 million in sales/receipts or other non-operating
income but who took advantage of the 8% flat income tax rate
 
Filing date: Taxpayers are required to submit this form on or before April 15 of
each year, which covers the preceding taxable year's income.