3 For Refundable Returns and for those returns with second installment Proceed

3 for refundable returns and for those returns with

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3. For Refundable Returns and for those returns with second installment: • Proceed to the Revenue District Office where you are registered and present the duly accomplished BIR Form 1702 Q, together with the required attachments. • Receive your copy of the duly stamped and validated form from the RDO representative. Deadline Corporate Quarterly Declaration or Quarterly Income Tax Return - On or before the 60th day following the close of each of the quarters of the taxable year [return to index] Improperly Accumulated Earnings Tax For Corporations Tax Form BIR Form 1704 - Improperly Accumulated Earnings Tax Return (For Corporations) Documentary Requirements 1. Photocopy of Annual Income Tax Return (BIR Form 1702) with Audited Financial Statements and/or Account Information Form of the covered taxable year duly received by the BIR; and 2. Sworn declaration as to dividends declared taken from the covered year's earnings and the corresponding tax withheld, if any Procedures 1. Fill-up BIR Form 1704 in triplicate. 2. If there is payment:
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• Proceed to the nearest Authorized Agent Bank (AAB) of the Revenue District Office where you are registered and present the duly accomplished BIR Form 1704, together with the required attachments and your payment. • In places where there are no AABs, proceed to the Revenue Collection Officer or duly Authorized City or Municipal Treasurer located within the Revenue District Office where you are registered and present the duly accomplished BIR Form 1704 • Receive your copy of the duly stamped and validated form from the teller of the AABs/Revenue Collection Officer/duly Authorized City or Municipal Treasurer. 3. If there is no payment: • Proceed to the Revenue District Office where you are registered and present the duly accomplished BIR Form 1704, together with the required attachments. • Receive your copy of the duly stamped and validated form from the RDO representative Deadline Within fifteen (15) days after the close of the taxable year [return to index] Annual Income Information Form for General Professional Partnerships Sec. 55. Returns of General Professional Partnership (Tax Code of 1997, as amended) Every general professional partnership shall file, in duplicate, a return of its income, except income exempt under Section 32 (B) of this Title, setting forth the items of gross income and of deductions allowed by this Title, and the names, Taxpayer Identification Numbers (TIN),addresses and shares of each of the partners. [return to index] Tax Rate A. For Individuals Earning Purely Compensation Income and Individuals Engaged in Business and Practice of Profession Amount of Net Taxable Income Rate
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Over But Not Over P10,000 5% P10,000 P30,000 P500 + 10% of the Excess over P10,000 P30,000 P70,000 P2,500 + 15% of the Excess over P30,000 P70,000 P140,000 P8,500 + 20% of the Excess over P70,000 P140,000 P250,000 P22,500 + 25% of the Excess over P140,000 P250,000 P500,000 P50,000 + 30% of the Excess over P250,000 P500,000 P125,000 + 32% of the Excess over P500,000 in 2000 and onward Note: When the tax due exceeds P2,000.00, the taxpayer may elect to pay in two equal installments, the first installment to be paid at the time the return is filed and the second
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