Bir Form 1702 Rt: Version 2018 Excel Format

: Visit www.bir.gov.ph → under “Taxes & Forms” → select “Income Tax” → filter by “Form 1702-RT” → choose version “January 2018 (ENCS)”. Part 5: Key Validation Rules in Excel for Version 2018 When designing or using an Excel version of Form 1702-RT (2018), ensure these business rules are built-in:

For amended returns (Line G “Amended” = Yes), Excel should require entry of the original return’s BIR Receipt Date and Reference Number.

Functionally yes, as long as formulas mirror Excel. However, Google Sheets may handle rounding and data validation differently. Test thoroughly. Never use it for final filing if offline access is required. bir form 1702 rt version 2018 excel format

Version 2018 mandates 30% RCIT . Never use 25% or 20% (those came later with CREATE Act in 2021). If your tax year covers 2018–2020, it’s 30%.

MCIT applies starting on the 4th year of operation. Many Excel templates miss the “4th year” filter. Add a field: “Year of operation” – if less than 4, MCIT = zero. : Visit www

BIR requires peso rounding (0.50 and above round up). Use: =ROUND(computation,0) on all final tax amounts.

But remember: the BIR does not accept Excel files as official tax returns. Use your Excel template to compute, validate, and document — then file using the official eBIRForms system. However, Google Sheets may handle rounding and data

| Line | Description | Excel Formula/Macro Reference | |------|-------------|-------------------------------| | 1 | Gross Sales/Revenues | SUM(revenue accounts) | | 2 | Sales discounts/returns | Subtract from line 1 | | 3 | Net Sales/Revenues | =Line 1 – Line 2 | | 4 | Cost of Sales/Services | Direct input or linked | | 5 | Gross Income (L3 – L4) | =L3 – L4 | | 6 | Allowable deductions | Itemized or optional (40% OSD for non-VAT?) | | 7 | Taxable Income (L5 – L6) | =L5 – L6 | | 8 | Rate (30% for Version 2018) | Fixed cell: 0.30 | | 9 | Income Tax Due (L7 x L8) | =L7 * 0.30 | | ... | Less: Credits & Withholding | WT, CWT, Tax Paid in prior quarters | | 18 | | Final output |