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1702-EX Annual Income Tax Return for Use ONLY by Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as Amended, {Sec. 30 and those exempted in Sec. 27(C) and Other Special Laws, with NO Other Taxable Income

This BIR return shall be filed by a Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as amended [Sec. 30 and those exempted in Sec. 27(C)] and other Special Laws WITH NO OTHER TAXABLE INCOME such as but not limited to foundations, cooperatives, charitable institutions, non-stock and non-profit educational institutions, General Professional Partnership (GPP) etc.

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BCS/
Item

1702-EX06/13P1

Annual Income Tax Return
For Use ONLY by Corporation, Partnership and Other Non-Individual
Republika ng Pilipinas
Taxpayer EXEMPT Under the Tax Code, as Amended, [Sec. 30 and
Kagawaran ng Pananalapi
those exempted in Sec. 27(C)] and Other Special Laws,
Kawanihan ng Rentas Internas
with NO Other Taxable Income

BIR Form No.

1702-EX
June 2013
Page 1

Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable
boxes with an “X”. Two copies MUST be filed with the BIR and one held by the taxpayer.

1 For

Calendar

3 Amended Return?

Fiscal

2 Year Ended (MM/20YY)

Yes

/20

4 Short Period Return?

No

Yes

5 Alphanumeric Tax Code (ATC)
IC 011
Exempt Corporation on Exempt Activities

No

IC 021

General Professional Partnership

Part I - Background Information

-

6 Taxpayer Identification Number (TIN)

-

-

0 0 0 0

7 RDO Code

/

8 Date of Incorporation/Organization (MM/DD/YYYY)

/

9 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS)

10 Registered Address (Indicate complete registered address)

11 Contact Number

12 Email Address

13 Main Line of Business

14 PSIC Code

15 Method of Deduction

Itemized Deductions [Sections 34 (A-J), NIRC]

16 Legal Basis of Tax Relief/Exemption (Specify)
18 Registered Activity/Program (Reg. No.)

17 Investment Promotion Agency (IPA)/Government Agency

19 Effectivity Date of Tax Relief/Exemption
From
/
/

To

Part II – Total Tax Payable

/

/

(Do NOT enter Centavos)

20 Total Income Tax Due (From Part IV Item 41)

0 0 0

21 Add: Penalty - Compromise
22 TOTAL AMOUNT PAYABLE (Sum of Items 20 & 21)
We declare under the penalties of perjury, that this annual return has been made in good faith, verified by us, and to the best of our knowledge and belief, is true and correct pursuant to the
provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. (If Authorized Representative, attach authorization letter and indicate TIN.)

Signature over printed name of President/Principal Officer/ Authorized Representative

Signature over printed name of Treasurer/Assistant Treasurer

Title of Signatory

Number of pages filed
24 Date of Issue
(MM/DD/YYYY)

23 Community Tax Certificate
(CTC) Number/SEC Reg. No.

25 Place of Issue

/

/

26 Amount, if CTC

Part III – Details of Payment

Details of Payment

Drawee Bank/
Agency

Number

Date (MM/DD/YYYY)

28 Check
29 Tax Debit Memo

/
/
/

/
/
/

/

27 Cash/Bank Debit Memo

Amount

/

30 Others (Specify Below)

Machine Validation / Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)

Stamp of receiving Office/AAB and
Date of Receipt
(RO’s Signature/Bank Teller’s Initial)

Annual Income Tax Return
Page 2

BIR Form No.

1702-EX
June 2013

TIN

1702-EX06/13P2

Registered Name

0 0 0 0
Part IV – Computation of Tax

(Do NOT enter Centavos)

31 Net Sales/Revenues/Receipts/Fees (From Schedule 1 Item 6)
32 Less: Cost of Sales/Services (From Schedule 2 Item 27)
33 Gross Income from Operation

(Item 31 Less Item 32)

34 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule 3 Item 4)
35 Total Gross Income (Sum of Items 33 & 34)
Less: Deductions Allowable under Existing Law
36 Ordinary Allowable Itemized Deductions
(From of Schedule 4 Item 40)

37 Special Allowable Itemized Deductions
(From Schedule 5 Item 5)

38 Total Itemized Deductions (Sum of Items 36 & 37)
39 Net Taxable Income (Item 35 Less Item 38)

0%

40 Income Tax Rate
41 Total Income Tax Due (Item 39 X Item 40)

0 0 0

(To Part II Item 20)

Part V - Tax Relief Availment
42 Regular Income Tax Otherwise Due (30% of Part IV Item 39)
43 Special Allowable Itemized Deductions (30% of Part IV Item 37)
44 Total Tax Relief Availment

(Sum of Items 42 & 43)

Part VI - Information - External Auditor/Accredited Tax Agent
45 Name of External Auditor/Accredited Tax Agent
46 TIN
47 Name of Signing Partner (If External Auditor is a Partnership)
48 TIN
49 BIR Accreditation No.

-

50 Issue Date (MM/DD/YYYY)

-

-

/

/

51 Expiry Date (MM/DD/YYYY)

/

/

Annual Income Tax Return
Page 3 - Schedules 1 & 2

BIR Form No.

1702-EX
June 2013

TIN

1702-EX06/13P3

Registered Name
0

0

0

0

Schedule 1 - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns, Allowances and Discounts
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5)

(To Part IV Item 31)

Schedule 2 - Cost of Sales (Attach additional sheet/s, if necessary)
Schedule 2A - Cost of Sales (For those Engaged in Trading)
1 Merchandise Inventory - Beginning
2 Add Purchase of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise - Ending
5 Cost of Sales (Item 3 Less Item 4)

(To Schedule 2 Item 27)

Schedule 2B - Cost of Sales (For those Engaged in Manufacturing)
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Materials Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured and Sold
(Sum of Items 16 & 17 Less Item 18) (To Schedule 2 Item 27)

Schedule 2C - Cost of Services
(For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of services)

20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges - Materials, Supplies and Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25)

(To Schedule 2 Item 27)

27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Part IV Item 32)

Annual Income Tax Return
Page 4 - Schedules 3 & 4

BIR Form No.

1702-EX
June 2013

TIN

Registered Name
0

0

0

0

Schedule 3 - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1
2
3
4 Total Other Taxable Income Not Subjected to Final Tax (Sum of Items 1 to 3) (To Part IV Item 34)

Schedule 4 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance – (Labor or Labor & Materials)
25 Repairs and Maintenance – (Materials/Supplies)
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances

1702-EX06/13P4

Annual Income Tax Return
Page 5 - Schedules 4, 5 & 6
TIN

BIR Form No.

1702-EX
June 2013

1702-EX06/13P5

Registered Name

0

0 0 0

Schedule 4 - Ordinary Allowable Itemized Deductions (Continued from Previous Page)
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others [Specify below; Add additional sheet(s) if necessary]
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39)

(To Part IV Item 36)

Schedule 5 - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description

Legal Basis

Amount

1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4)

(To Part IV Item 37)

Schedule 6 - Reconciliation of Net Income per Books Against Taxable Income
1 Net Income/(Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) (Item 4 Less Item 9)

(Attach additional sheet/s, if necessary)

Annual Income Tax Return
Page 6 - Schedules 7 & 8

BIR Form No.

1702-EX
June 2013

TIN

1702-EX06/13P6

Registered Name
0

0

0

0
Schedule 7 – BALANCE SHEET
Assets

1 Current Assets
2 Long-Term Investment
3 Property, Plant and Equipment – Net
4 Long-Term Receivables
5 Intangible Assets
6 Other Assets
7 Total Assets (Sum of Items 1 to 6)
Liabilities and Equity
8 Current Liabilities
9 Long-Term Liabilities
10 Deferred Credits
11 Other Liabilities
12 Total Liabilities (Sum of Items 8 to 11)
13 Capital Stock
14 Additional Paid-in Capital
15 Retained Earnings
16 Total Equity (Sum of Items 13 to 15)
17 Total Liabilities and Equity (Sum of Items 12 & 16)
Schedule 8 –

Stockholders

Partners

Members Information (Top 20 stockholders, partners or members)

(On column 3 enter the amount of capital contribution and on the last column enter the percentage this represents on the entire ownership.)

REGISTERED NAME

TIN

Capital Contribution

% to
Total

BIR Form No.

Annual Income Tax Return

1702-EX

Page 7 - Schedules 9 & 10

June 2013

TIN

1702-EX06/13P7

Registered Name
0

0

0

0

Schedule 9- Supplemental Information (Attach additional sheet/s, if necessary)
I) Gross Income/
Receipts Subjected to
Final Withholding

B) Actual Amount/Fair Market
Value/Net Capital Gains

C) Final Tax Withheld/Paid

A) Sale/Exchange #1

B) Sale/Exchange #2

III) Sale/Exchange of Shares of Stock

A) Sale/Exchange #1

B) Sale/Exchange #2

10 Kind (PS/CS) / Stock Certificate Series No.

/

/

A) Exempt

1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
II) Sale/Exchange of Real Properties

5 Description of Property (e.g., land, improvement, etc.)
6 OCT/TCT/CCT/Tax Declaration No.
7 Certificate Authorizing Registration (CAR) No.
8 Actual Amount/Fair Market Value/Net Capital Gains
9 Final Tax Withheld/Paid

11 Certificate Authorizing Registration (CAR) No.
12 Number of Shares

/

13 Date of Issue (MM/DD/YYYY)

/

/

/

14 Actual Amount/Fair Market Value/Net Capital Gains
15 Final Tax Withheld/Paid
IV) Other Income (Specify)

A) Other Income #1

B) Other Income #2

16 Other Income Subject to Final Tax Under Sections
57(A)/127/others of the Tax Code, as amended
(Specify)

17 Actual Amount/Fair Market Value/Net Capital Gains
18 Final Tax Withheld/Paid
19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A, 9B, 15A, 15B, 18A & 18B)
Schedule 10- Gross Income/Receipts Exempt from Income Tax
1 Return of Premium

(Actual Amount/Fair Market Value)

I) Personal/Real Properties Received
thru Gifts, Bequests, and Devises

A) Personal/Real Properties #1

B) Personal/Real Properties #2

A) Other Exempt Income #1

B) Other Exempt Income #2

2 Description of Property (e.g., land, improvement, etc.)
3 Mode of Transfer (e.g. Donation)
4 Certificate Authorizing Registration (CAR) No.
5 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts
6 Other Exempt Income/Receipts Under
Sec. 32 (B) of the Tax Code, as amended (Specify)
7 Actual Amount/Fair Market Value/Net Capital Gains
8 Total Income/Receipts Exempt from Income Tax

(Sum of Items 1, 5A, 5B, 7A & 7B)
 
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