What is the difference between BIR Form 1700 and 1701?
1700 while self-employed individuals should file either the Annual Income Tax Return for Individuals Earning Purely from Business or Profession (BIR Form No. 1701A) or the Annual Income Tax Return for Individuals including Mixed Income Earner, Estates and Trusts (BIR Form No. 1701).
How do I file a BIR Form 1701?
Deadline for filing BIR Form 1701 The income tax return must be filed and paid on or before April 15 of each year at any BIR-Authorized Agent Bank of the RDO where you registered. Use eBIR or eFPS to file and don’t forget to also file/submit your attachments via the Alphalist system of the BIR.
Is there a new BIR Form 1701?
17-2019 Prescribes the new BIR Form No. 1701A – Annual Income Tax Return for Individuals Earning Income purely from Business/Profession …
Who are required to file BIR Form 1701?
BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec. 51 of the Code, as amended.
Who needs to file 1701Q?
In summary, you will need to file Form 1701Q if you’re earning income outside of employment such as a professional (e.g. freelancer, doctor), a self-employed individual, a sole proprietor, or a trustee.
Who should file 1701Q?
What do you need to know about Bir form 1701?
The only difference from employees is that you need to file it on your own. But first, what is BIR Form 1701? The BIR form 1701 or the Annual Income Tax Return for Self-employed Individuals, Estates and Trusts shows all the transactions covering the calendar year of the taxpayer.
Who is eligible to file a 1701 tax return?
1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e.., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec. 51 of the code, as amended.
Where does form 1701 for independent schools come from?
For independent schools, form 1701 is collected under the Reports, Records and Data Collection Order (I 1/91). Under this order schools are responsible for collecting and submitting the information to the Ministry.
What are the special cases for form 1701?
Step by step instructions for completing Form 1701 Special cases: inclusions/exclusions for Form 1701 Include: The following students should be reported by the education facility with which they are enrolled and in attendance as at September 30, 2019, or registered, in the case of home schoolers: