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11 Registered Address
We declare, under the penalties of perjury that this 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.
35A 35B
President/Vice President/Principal Officer/Accredited Tax Agent/ Treasurer/Assistant Treasurer
(Signature Over Printed Name) (Signature Over Printed Name)
Tax Agent Acc. No./Atty's Roll No. (if applicable) Date of Issuance Date of Expiry TIN of Signatory
Part III D e t a i l s of P a y m e n t Stamp of Receiving
Drawee Bank/ Date Office/AAB and
Particulars Agency Number MM DD YYYY Amount Date of Receipt
36 Cash/Bank 36A 36B 36C 36D (RO's Signature/
Debit Memo Bank Teller's Initial)
37 Check 37A 37B 37C 37D
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
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BIR FORM 1702Q (ENCS) - PAGE 2
Schedule 1 Computation of Minimum Corporate Income Tax (MCIT) for the Quarter(s)
1st Quarter 2nd Quarter 3rd Quarter Total
Total Gross Income (except Gross Income Taxable under Special Rate) for MCIT
Tax Rate 2%
Minimum Corporate Income Tax (to Item 28)
ATC Description Tax Rate Tax Base ATC Description Tax Rate Tax Base
DOMESTIC CORPORATION
IC 010 1. In General IC 020 6. Taxable Partnership
a. January 1- October 31, 2005 32% a. January 1 - October 31, 2005 32%
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources November 1, 2005 - December 31, 2008 35% On Taxable Income from All Sources
January 1, 2009 30% January 1, 2009 30%
IC 055 b. Minimum Corporate Income Tax 2% Gross Income IC 055 b. Minimum Corporate Income Tax 2% On
IC 030 2. Proprietary Educational Institutions 10% On Taxable Income from All Sources 7. Exempt Corporation
IC 011 a. On Exempt Activities 0%
a. Proprietary Educational Institution whose IC 010 b. On Taxable Activities *same rate On Taxable Income from All Sources
gross income from unrelated trade,business as in 1a
or other activity exceeds fifty percent (50%) of IC 021 8. General Professional Partnership exempt
the total gross income from all sources. 9. Corporation covered by Special Law*
January 1- October 31, 2005 32%
RESIDENT FOREIGN CORPORATION
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources
January 1, 2009 30% IC 070 1. In General
a. January 1 - October 31, 2005 32% On Taxable Income from
IC 055 b. Minimum Corporate Income Tax 2% Gross Income November 1, 2005 - December 31, 2008 35% within the Philippines
January 1, 2009 30%
IC 031 3. Non Stock-Non Profit Hospitals 10% On Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income
a. Non Stock-Non Profit Hospitals whose IC 080 2. International Carriers 2.5% Gross Philippine Billing
gross income from unrelated trade,business IC 101 3. Regional Operating Headquarters* 10% On Taxable Income
or other activity exceeds fifty percent (50%) of 4. Corporation covered by Special Law*
the total gross income from all sources. IC 190 5. Offshore Banking 10% On Gross Taxable Income on
January 1- October 31, 2005 32% Units (OBU's) Foreign Currency Transaction
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources not subjected to Final Tax
January 1, 2009 30%
a. January 1 - October 31, 2005 32% On Taxable Income
IC 055 c. Minimum Corporate Income Tax 2% Gross Income November 1, 2005 - December 31, 2008 35% Other Than Foreign
IC 040 4. GOCC, Agencies & Instrumentalities January 1, 2009 30% Currency Transaction
a. January 1 - October 31, 2005 32%
November 1, 2005 - December 31, 2008 35% On Taxable Income from All Sources
January 1, 2009 30% IC 191 6. Foreign Currency 10% On Gross Taxable Income on
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income Deposit Units (FCDU's) Foreign Currency Transaction
IC 041 5. National Gov't & LGU's not subjected to Final Tax
a. January 1 - October 31, 2005 32% On Taxable Income from
November 1, 2005 - December 31, 2008 35% Proprietary Activities a. January 1 - October 31, 2005 32% On Taxable Income
January 1, 2009 30% November 1, 2005 - December 31, 2008 35% Other Than Foreign
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income January 1, 2009 30% Currency Transaction
* PLEASE REFER TO REVENUE DISTRICT OFFICES
BIR Form No.1702Q - Quarterly Income Tax Return
For Corporations, Partnerships and Other Non-Individual Taxpayers
GUIDELINES AND INSTRUCTIONS