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RMC No. 3-2020: Circularizes the availability of the revised BIR Form No. 1702Q (Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers) January 2018 (ENCS)

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Summary

RMC No. 3-2020, issued January 3, 2020, announces the revised BIR Form No. 1702Q (Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers), January 2018 (ENCS).

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Key points

  1. Availability. The revised manual return is on the BIR website (www.bir.gov.ph) under the Income Tax Return section. It is not yet in eFPS or eBIRForms.
  2. eFPS and eBIRForms filers. They keep using the existing version in eFPS and the Offline eBIRForms Package v7.5 until the return’s availability is announced.
  3. Manual filers. They download the PDF, print it and fill out the applicable fields completely, otherwise penalties under Sec. 250 of the Tax Code, as amended, apply.
  4. Payment channels. Manual payment is through an Authorized Agent Bank in the RDO where the taxpayer is registered, or with the Revenue Collection Officer through the Mobile Revenue Collection Officer System where there is no AAB. Online payment is through GCash, the Landbank Linkbiz Portal, or Development Bank of the Philippines Tax Online.

Who is affected

  • Corporations, partnerships and other non-individual taxpayers filing quarterly income tax returns
  • eFPS and eBIRForms filers
  • Manual filers

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.