Bir Form 1702 Rt Version 2018 Excel Format !new! Jun 2026

BIR Form 1702-RT was significantly updated under to incorporate the changes brought about by Republic Act No. 10963, otherwise known as the TRAIN Law (Tax Reform for Acceleration and Inclusion). Who Needs to File BIR Form 1702-RT?

When filing the 1702-RT, you must submit the following documents, often electronically, to the BIR eFPS system:

Filing BIR Form 1702 RT Version 2018 in Excel format offers several benefits, including:

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"Trouble, Arthur?" Mang Pedro asked, his voice raspy.

| Error | Consequence | Fix | |-------|-------------|-----| | Using pre-CREATE tax rate (25% instead of 20% for small corps) | Overpayment or underpayment | Update your Excel formula to reference current law. | | MCIT miscalculation – using “net income” instead of “gross income” | Incorrect tax due | MCIT = 2% of Gross Sales/Receipts less returns/discounts. | | Missing schedule of deductions | Penalty for incomplete attachment | Ensure Schedule 1 in Excel is printed/filled. | | Forgetting to convert Excel to eBIRForms .dat | Filing rejection | Never submit .xlsx; always migrate data to eBIRForms. |

This is where the heavy lifting happens. A complete Excel file must map out these core schedules clearly: BIR Form 1702-RT was significantly updated under to

Total Tax Due: PHP 245,000.00.

Once your Excel figures are ready, open the Offline eBIRForms Package and select "1702-RT version 2018" .

Transfer Complete.

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Only data entry fields (white spaces) should be editable. Cells containing complex tax formulas, totals, and cross-sheet references must be locked to prevent accidental deletion.

Your company's (e.g., trading, manufacturing, or services) to map your cost of sales. When filing the 1702-RT, you must submit the

Mastering BIR Form 1702-RT Version 2018 in Excel Format: A Comprehensive Guide for Philippine Corporations

Itemized deductions or Optional Standard Deductions (OSD) calculate perfectly based on gross revenue.