Summary
RMC No. 22-2024 announces that BIR Form No. 1702-EX January 2018 (ENCS) v2 is now available in the Electronic Filing and Payment System (eFPS).
Key points
- The return. BIR Form No. 1702-EX is the Annual Income Tax Return for corporations, partnerships and other non-individual taxpayers exempt under the Tax Code (Sec. 30 and those exempted in Sec. 27(C)) and other special laws, with no other taxable income.
- Deadline and use of eFPS. The return is filed and any tax paid on or before the 15th day of the 4th month following the close of the taxable year. Mandated eFPS taxpayers use the eFPS effective immediately.
Who is affected
- Mandated eFPS taxpayers required to file BIR Form 1702-EX
- Exempt non-individual taxpayers with no other taxable income
Deadlines and effectivity
- On or before the 15th day of the 4th month following the close of the taxable year
- eFPS use effective immediately
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.