RMC No. 26-2013: Disseminates the Primer on BIR Form No. 1701 (Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts, including those with both business and compensation income) and BIR Form No. 1702 (Annual Income Tax Return for Corporation, Partnership and other Non-Individual Taxpayer) November 2011 ENCS

Summary

RMC No. 26-2013 disseminates the Primer on BIR Form No. 1701 and BIR Form 1702, the annual income tax returns.

Key points

1. Forms covered. BIR Form No. 1701 is for self-employed individuals, estates and trusts, including those with both business and compensation income. BIR Form 1702 is for corporations, partnerships and other non-individual taxpayers.
2. Use of the Primer. The Primer serves as a reference guide on how to properly accomplish the two forms.

Who is affected

• Self-employed individuals, estates and trusts
• Corporations, partnerships and other non-individual taxpayers

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