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Accomplishing BIR Form 1701Q version 2018 Correctly | 2nd Quarter

2 Views· 11/26/23
Aryel Narvasa
Aryel Narvasa
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HOW TO ACCOMPLISH BIR FORM 1701Q CORRECTLY FOR THE QUARTERS ENDING MARCH 31, JUNE 30 AND SEPTEMBER 30.

(DISCLAIMER: THE FOLLOWING PROMO BELOW HAS ALREADY ENDED)
TO GET 100% DISCOUNT COUPON TO WATCH FOR FREE THE 12 VIDEOS STATED IN THIS VIDEO, PLEASE PLACE YOUR EMAIL ADDRESS BELOW AND THE LINK OF THIS VIDEO SHALL BE EMAILED TO YOUR FRIENDS WHO MAY BE AN ACCOUNTANT, BOOKKEEPER, Certified Public Accountant, lawyer and businessperson in total of 10 pax copy furnished my email address TaxMappingApps@gmail.com.. For 1701Q tutorial videos, please go to PATREON.COM/EMELINOTMAESTRO today.

To get the 12 videos that discuss the proper accomplishment of BIR Form No. 1701Q for three quarters and for 4 types of business scenarios, please follow carefully the instructions presented in this video. Else, you would receive nothing.

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BIR Form 1701Q - Quarterly Income Tax Return
Guidelines and Instructions

Who Shall File

This return shall be filed in triplicate by the following individuals
regardless of amount of gross income:

1) A resident citizen engaged in trade, business, or practice of
profession within and without the Philippines.
2) A resident alien, non-resident citizen or non-resident alien
individual engaged in trade, business or practice of profession
within the Philippines.
3) A trustee of a trust, guardian of a minor, executor/administrator
of an estate, or any person acting in any fiduciary capacity for any
person, where such trust, estate, minor, or person is engaged in
trade or business.

An individual whose sole income has been subjected to final
withholding tax, or who is exempt from income tax pursuant to the Tax Code and other laws, is not required to file an income tax return.

Married individuals shall file a return for the taxable year to include the income of both spouses, computing separately their individual income tax based on their respective total taxable income. Where it is impracticable for the spouses to file one return, each spouse may file a separate return of income. If any income cannot be definitely attributed to or identified as income exclusively earned or realized by either of the spouses, the same shall be divided equally between the spouses for the purpose of determining their respective taxable income.

The income of unmarried minors derived from property received from a living parent shall be included in the return of the parent except (1) when the donor’s tax has been paid on such property, or (2) when the transfer of such property is exempt from donor’s tax.

If the taxpayer is unable to make his own return, the return may be
made by his duly authorized agent or representative or by the guardian or other person charged with the care of his person or property, the principal and his representative or guardian assuming the responsibility of making the return and incurring penalties provided for erroneous, false or fraudulent returns.

Compensation income need not be reported in the Quarterly Income
Tax Return. The same shall be reported in the Annual Income Tax Return
only.

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