Module No.

6 – BIR Forms for Corporation

Learning Outcome/s:
● Familiarize with the BIR Forms used by corporations

Core Values/Biblical Principles:

How do these qualities of confess and repent resemble a life that bears much fruit? Through the power
of the Holy Spirit and the precious blood of Christ, confession and repentance becomes powerful
weapons in our arsenal to truly feel the joy of Christ. We disarm the enemy through honest appraisal of
ourselves.

Body:

Form code Form description Deadline of filing

Annual Income Tax Return For This return is filed, with or without payment, on or
Corporation, Partnership and Other before the 15th day of the 4th month following close
1702-RT
Non-Individual Taxpayer Subject Only to of the taxpayer's taxable year.
REGULAR Income Tax Rate

Annual Income Tax Return For This return is filed on or before the 15th day of the
Corporation, Partnership and Other 4th month following the close of the taxpayer's
Non-Individual Taxpayers EXEMPT Under taxable year.
1702-EX the Tax Code, as Amended, [Sec. 30 and
those exempted in Sec. 27(C)] and Other
Special Laws, with NO Other Taxable
Income

Annual Income Tax Return For This return is filed, with or without payment, on or
Corporation, Partnership and Other before the 15th day of the 4th month following the
Non-Individual with MIXED Income close of the taxpayer's taxable year.
1702-MX
Subject to Multiple Income Tax Rates or
with Income Subject to
SPECIAL/PREFERENTIAL RATE

Quarterly Income Tax Return for The corporate quarterly income tax return shall be
Corporations, Partnerships and Other filed with or without payment within sixty (60) days
1702Q Non-Individual Taxpayers following the close of each of the first three (3)
quarters of the taxable year whether calendar or
fiscal year.

Improperly Accumulated Earnings Tax The return shall be filed within 15 days after the
1704 Return For Corporations close of the year immediately succeeding taxpayer's
covered taxable year.

Capital Gains Tax Return for Onerous - Filed within thirty (30) days following each sale,
Transfer of Real Property Classified as exchange or disposition of real property
Capital Asset (both Taxable and Exempt) - In case of installment sale, the return shall be filed
1706
within thirty (30) days following the receipt of the 1st
downpayment and within thirty (30) days following
each subsequent installment payment
 - One return is filed for every transfer document
regardless of the number of each property sold,
exchanged or disposed of.

Capital Gains Tax Return for Onerous - Filed within thirty (30) days after each cash sale,
Transfer of Shares of Stocks Not Traded barter, exchange or other disposition of shares of
Through the Local Stock Exchange stock not traded through the local stock exchange.
- In case of installment sale, the return shall be filed
1707
within thirty (30) days following the receipt of the
first down payment and within (30) days following
each subsequent installment payment.

Annual Capital Gains Tax Return for - For individual taxpayers, this final consolidated
Onerous Transfer of Shares of Stock Not return is filed on or before April 15 of each year
Traded Through the Local Stock covering all stock transactions of the preceding
Exchange taxable year.
- For corporate taxpayers, this form is filed on or
1707-A
before the fifteenth (15th) day of the fourth (4th)
month following the close of the taxable year
covering all transactions of the preceding taxable
year

Monthly Remittance Form for Creditable Manual Filers

Income Taxes Withheld (Expanded) This form shall be filed and the tax remitted on or
before the 10th day following the month in which
withholding was made. This shall be filed for the first
two (2) months of each calendar quarter.
eFPS Filers
In accordance with the schedule set forth in RR No.
26-2002 as follows:
Group A: Fifteen (15) days following the month in
0619-E which withholding was made
Group B: Fourteen (14) days following the month in
which withholding was made
Group C: Thirteen (13) days following the month in
which withholding was made
Group D: Twelve (12) days following the month in
which withholding was made
Group E: Eleven (11) days following the month in
which withholding was made

Monthly Remittance Form for Final Manual Filers

Income Taxes Withheld This form shall be filed and the tax remitted on or
before the 10th day following the month in which
0619-F
withholding was made. This shall be filed for the first
two (2) months of each calendar quarter.
eFPS Filers
 In accordance with the schedule set forth in RR No.
26-2002 as follows:
Group A:Fifteen (15) days following the month in
which withholding was made
Group B: Fourteen (14) days following the month in
which withholding was made
Group C: Thirteen (13) days following the month in
which withholding was made
Group D: Twelve (12) days following the month in
which withholding was made
Group E: Eleven (11) days following the month in
which withholding was made

Certificate of Final Tax Withheld At To be issued to payee on or before January 31 of the

Source year following the year in which income payment
2306 was made. However upon request of the payee the
payor must furnish such statement to the payee
simultaneously with the income payment.

Certificate of Creditable Tax Withheld At For EWT - To be issued to payee on or before the
Source 20th day of the month following the close of the
2307 taxable quarter. Upon request of the payee, however,
the payor must furnish such statement to the payee
simultaneously with the income payment

Sample Problem

Barcelona Corporation, a domestic corporation engaged in trading business. In the following information
in relation to its fifth year of operation, year 2022.

Non-financial information

Tin EH- 983-130-131

RDO - 060
Address - Brgy. LXV, Lucena City
Contact no. - 09536575478
email address - barcelona@gmail.com
President's information - mia bernardo / 566-545-562
treasurer's information - ely padilla / 456-877-565
Incorporation date - september 24, 2017

Financial information

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Gross sales 768,500 852,600 800,000 791,000
Sales return and 32,000 31,000 29,500 33,300
allowances
Sales discount 25,000 27,000 22,000 20,000
Inventory, beg. 78,000
 Purchases 410,000 490,000 420,000 450,000
Purchase returns and 15,800 17,900 22,000 18,500
allowances
Purchase discount 10,000 10,000 11,000 10,500
Inventory, end 75,000 69.000 88,000 74,000
Advertising 5,000 9.000 8,500 7.490
Salaries 141,000 132,500 139,000 140,000
Depreciation 25,000 25,000 25,000 25,000
Charitable Contribution 9,000 - 2,500 -
Interest expense 4,000 4,000 4,000 4,000

Repairs and Maintenance 12,000 13,600 14,900 12,800

Light, water and 11,000 13,000 13,450 12,000
telephone
Bad debts written off 2,000 5,000 1,000 4.300
Taxes 8,000 7,450 8,600 9,700
Transportation 10,000 18,000 9,500 13,400
Other income 200,000 50,000 145,000 99,700

Reference:
https://www.bir.gov.ph/index.php/bir-forms.html