8/9/22, 4:36 PM BIR Form No.

1701Q - Guidelines and Instructions

Tax Table
If Taxable Income is: Tax Due is:
Not over P 10,000 5%
Over P 10,000 but not over P 30,000 P 500 + 10% of the excess over P 10,000
Over P 30,000 but not over P 70,000 P 2,500 + 15% of the excess over P 30,000
Over P 70,000 but not over P 140,000 P 8,500 + 20% of the excess over P 70,000
Over P 140,000 but not over P 250,000 P 22,500 + 25% of the excess over P 140,000
Over P 250,000 but not over P 500,000 P 50,000 + 30% of the excess over P 250,000
Over P 500,000 P 125,000 + 32% of the excess over P 500,000

BIR Form 1701Q - Quarterly Income Tax Return

Guidelines and Instructions

Who Shall File Deductions

This return shall be filed in triplicate by the following individuals The taxpayer engaged in business or in the practice of profession shall choose
regardless of amount of gross income: either the optional standard or itemized (described below) deduction. He shall
indicate his choice by marking with "X" the appropriate box, otherwise, he shall be
1) A resident citizen engaged in trade, business, or practice of deemed to have chosen itemized deduction. The choice made in the return is
profession within and without the Philippines. irrevocable for the taxable year covered.
2) A resident alien, non-resident citizen or non-resident alien
individual engaged in trade, business or practice of profession
Optional Standard Deduction - A minimum of 40% of their gross sales or
within the Philippines.
receipts shall be allowed as deduction in lieu of the itemized deduction. This type of
3) A trustee of a trust, guardian of a minor, executor/administrator
deduction shall not be allowed for non-resident aliens engaged in trade or business.
of an estate, or any person acting in any fiduciary capacity for any An individual who opts to avail of this deduction need not submit the Account
person, where such trust, estate, minor, or person is engaged in Information Return (AIF)/Financial Statements.
trade or business.

Itemized Deduction - There shall be allowed as deduction from gross income all
An individual whose sole income has been subjected to final the ordinary and necessary expenses paid or incurred during the taxable year in
withholding tax, or who is exempt from income tax pursuant to the Tax Code carrying on or which are directly attributable to the development, management,
and other laws, is not required to file an income tax return. operation and/or conduct of the trade, business or exercise of a profession including
a reasonable allowance for salaries, travel, rental and entertainment expenses.
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 Estimated Income Tax Liability
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 The taxpayer herein referred shall make anfd file a declaration of their
earned or realized by either of the spouses, the same shall be divided equally estimated income for the current period from which they shall derive their estimated
between the spouses for the purpose of determining their respective taxable income tax liability.
income.

The income of unmarried minors derived from property received from a Penalties
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 There shall be imposed and collected as part of the tax:
property is exempt from donor’s tax. 1.A surcharge of twenty five percent (25%) for each of the following violations:

If the taxpayer is unable to make his own return, the return may be a.Failure to file any return and pay the amount of tax or installment due on or before
made by his duly authorized agent or representative or by the guardian or other the due date;
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. b.Unless otherwise authorized by the Commissioner, filing a return with a person or
office other than those with whom it is required to be filed;

Compensation income need not be reported in the Quarterly Income

Tax Return. The same shall be reported in the Annual Income Tax Return c.Failure to pay the full or part of the amount of tax shown on the return, or the full
only. amount of tax due for which no return is required to be filed on or before the due
date;

When and Where to File d. Failure to pay the deficiency tax within the time prescribed for its payment in the
notice of assessment.
The return of the taxpayers shall be filed as follows:

1st qtr On or before April 15 of the current taxable year 2.A surcharge of fifty percent (50%) of the tax or of the deficiency tax, in case any
payment has been made on the basis of such return before the discovery of the
2nd qtr. On or before August 15 of the current taxable year falsity or fraud, for each of the following violations:

3rd qtr. On or before November 15 of the current taxable year

a. Willful neglect to file the return within the period prescribed by the Code or by
The income tax return shall be filed with any Authorized Agent Bank rules and regulations; or
(AAB) located within the territorial jurisdiction of the Revenue District Office
where the taxpayer is required to register/where the taxpayer has his legal b. In case a false or fraudulent return is willfully made.
residence or place of business in the Philippines. In places where there are no
AABs, the return shall be filed directly with the Revenue Collection Officer or
duly Authorized City or Municipal Treasurer of the Revenue District Office where
3.Interest at the rate of twenty percent (20%) per annum, or such higher rate as
the taxpayer is required to register/where the taxpayer has his legal residence
may be prescribed by rules and regulations, on any unpaid amount of tax, from the
or place of business in the Philippines, the return shall be filed with the Office of
date prescribed for the payment until the amount is fully paid.
Commissioner or Revenue District Office No. 39, South Quezon City.

When and Where to Pay 4.Compromise penalty.

Upon filing of his return, the estimated tax due shall be paid to the
Authorized Agent Bank (AAB) where the return is filed. In places where there
Attachments Required
are no AABs, payments shall be made directly to the Revenue Collection Officer
or Duly Authorized City or Municipal Treasurer who shall issue Revenue Official 1. Certificate of Income Payments not Subject to Withholding Tax (BIR Form
Receipt (BIR Form 2524) therefore. 2304), if applicable;
2. Certificate of Creditable Tax Withheld at Source (BIR Form 2307), if applicable;

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8/9/22, 4:36 PM BIR Form No. 1701Q - Guidelines and Instructions
Where the return is filed with an AAB, taxpayer must accomplish and 3. Duly Approved Tax Debit Memo, if applicable.
submit BIR-prescribed deposit slip, which the bank teller shall machine validate 4. Authorization letter, if return is filed by authorized representative;
as evidence that payment was received by the AAB. The AAB receiving the tax 5. Proof of other payment/s made, if applicable; and
return shall stamp mark the word "Received" on the return and also machine 6. Summary Alphalist of Withholding Agents of Income Payments Subjected to
validate the return as proof of filing the return and payment of the tax by the Withholding Tax at Source (SAWT), if applicable
taxpayer, respectively. The machine validation shall reflect the date of payment,
amount paid and the transaction code, the name of the bank, branch code, The quarterly income tax return does not have to be accompanied with Account
teller's code and the teller's initial. Bank debit memo number and date should be
information Form and/or Financial Statements.
indicated in the return for taxpayers paying under the bank debit system.

NOTE: All background information must be properly filled up.

For eFPS Taxpayer - All returns filed by an accredited tax agent on behalf of the taxpayer shall bear
the following information:
The deadline for electronically filing and paying the taxes due thereon shall A. For CPAs and others (individual practitioners and members of GPPs);
be in accordance with the provisions of existing applicable revenue issuances. a.1 Taxpayer Identification Number (TIN); and
a.2 Certification of Accreditation Number, date of Issuance, and Date of
Expiry.
B. For members of Philippine Bar (individual practitioners and members of
GPPs);
b.1 Taxpayer Identification Number (TIN); and
b.2 Attorney's Roll Number or Accreditation Number, if any.
- Box Nos. 1 and 2 refer to transaction period and not the date of filing this return.
- The last 4 digits of the 13-digit TIN refers to the branch code.
- TIN = Taxpayer Identification Number.

ENCS

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