This document is a BIR Form 1702Q, which is used to report quarterly income tax in the Philippines. It summarizes the tax filing of TIPCO Estates Corporation for the third quarter of 2020. The form shows the corporation's revenues, costs, deductions, taxable income, income tax due, tax credits, and amount payable. For the quarter, the corporation reported a taxable income of PHP 5.8 million and tax due of PHP 200,407, with PHP 54,836 in tax credits, resulting in PHP 145,571 payable.
This document is a BIR Form 1702Q, which is used to report quarterly income tax in the Philippines. It summarizes the tax filing of TIPCO Estates Corporation for the third quarter of 2020. The form shows the corporation's revenues, costs, deductions, taxable income, income tax due, tax credits, and amount payable. For the quarter, the corporation reported a taxable income of PHP 5.8 million and tax due of PHP 200,407, with PHP 54,836 in tax credits, resulting in PHP 145,571 payable.
This document is a BIR Form 1702Q, which is used to report quarterly income tax in the Philippines. It summarizes the tax filing of TIPCO Estates Corporation for the third quarter of 2020. The form shows the corporation's revenues, costs, deductions, taxable income, income tax due, tax credits, and amount payable. For the quarter, the corporation reported a taxable income of PHP 5.8 million and tax due of PHP 200,407, with PHP 54,836 in tax credits, resulting in PHP 145,571 payable.
This document is a BIR Form 1702Q, which is used to report quarterly income tax in the Philippines. It summarizes the tax filing of TIPCO Estates Corporation for the third quarter of 2020. The form shows the corporation's revenues, costs, deductions, taxable income, income tax due, tax credits, and amount payable. For the quarter, the corporation reported a taxable income of PHP 5.8 million and tax due of PHP 200,407, with PHP 54,836 in tax credits, resulting in PHP 145,571 payable.
Republika ng Pilipinas Quarterly Income Kagawaran ng Pananalapi Kawanihan ng Rentas Internas Tax Return 1702Q July 2008(ENCS) For Corporations, Partnerships and Other Non-Individual Taxpayers 1 For the Calendar Fiscal 3 Quarter 4 Amended Return? 5 No. of Sheets Attached 1st 2nd 3rd 2 Year Ended (MM/YYYY) Yes No 0 12 - December 2020 Part I Background Information 7 RDO Code 21A Line of 6 TIN 005 310 122 000 8 Business/Occupation REAL%252525252520ESTATE 9 Taxpayer's Name 10 Telephone Number TIPCO ESTATES CORPORATION 8929781 11 Registered Address TECO SPECIAL ECONOMIC ZONE BO BUNDAGUL PAMPANGA 12 Zip Code 13 Method of Deduction 2010 Itemized Deduction 40% Optional Standard Deduction
14 Are you availing of tax relief under Special Law or International Tax Treaty? 15 ATC Yes No If yes, specify IC010 Part II Computation of Tax Declaration This Quarter EXEMPT TAXABLE Special Rate Regular Rate
17 Less: Cost of Sales/Services 17A 0.00 17B 12,348,199.23 17C 7,034,470.19 18 Gross Income 18A 0.00 18B 5,810,852.50 18C 1,304,078.65 19 Add : Other Non-Operating and Taxable Income 19A 0.00 19B 0.00 20Total Gross Income 20A 0.00 20B 5,810,852.50 20C 1,304,078.65 21 Less : Deductions 21A 0.00 21B 0.00 21C 3,930,000.13 22 Taxable Income This Quarter 22A 5,810,852.50 22B -2,625,921.48 23 Add : Taxable Income from Previous Quarter(s) 23A 0.00 23B 0.00 24 Total Taxable Income to Date 24A 5,810,852.50 24B -2,625,921.48 25 Tax Rate (Except MCIT Rate) 25A 5.00 % 25B 30.00 % 26 Income Tax (Other Than MCIT) 26A 290,542.63 26B 0 27 Less: Share of Other Agencies (RA 7916 / 8748 etc.) 27 116,217.05 28 Minimum Corporate Income Tax (MCIT) (see Schedule 1) 1 28 26,081.57 29 Tax Due Tax on transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax 29Awhichever is higher) 29A 26,081.57 29BLess: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate (deductible only if the quarterly's tax due is the normal rate) 29B 0 29CBalance (Item 29A less Item 29B) 29C 26,081.57 29D Add: Tax Due to the BIR on transactions under 29D 174,325.58 Special Rate (26A less 27) 30 Aggregate Income Tax Due (Sum of Items 29C and 29D) 30 200,407.15 31 Less: Tax Credits/Payments
31B Tax Payment(s) for the Previous Quarter(s) of the same taxable year other than MCIT 31B 0.00 31C MCIT Payment(s) for the Previous Quarter(s) of the same taxable year 31C 0.00 31D Creditable Tax Withheld for the Previous Quarter(s) 31D 0.00 31E Creditable Tax Withheld Per BIR Form No. 2307 for this Quarter 31E 54,835.73 31F Tax Paid in Return Previously Filed, if this is an Amended Return 31F 0.00 31GOthers, please specify 31G 0.00 31H Total Tax Credits/Payments (Sum of Items 31A to 31G) 31H 54,835.73 32 Tax Payable/(Overpayment) (Item 30 less Item 31H) 32 145,571.42 33 Add: Penalties Surcharge Interest Compromise
33A 0.00 33B 0.00 33C 0.00 33D 0.00
34Total Amount Payable (Overpayment) (Sum of Items 32 and 33D) 34 145,571.42 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.
(Signature Over Printed Name) (Signature Over Printed Name)
______________________________________ ______________________________________ ______________________________________ Title/Position of Signatory TIN of Signatory Title/Position of Signatory ______________________________________ ________________ ________________ ______________________________________ Tax Agent Acc. No./Atty's Roll No. (if applicable) Date of Issuance Date of Expiry TIN of Signatory
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
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 1,304,078.65 0.00 0.00 1,304,078.65 Tax Rate 2% Minimum Corporate Income Tax (to Item 28) 26,081.57
