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The Complete List of All the BIR Forms You Need to Know for Q1 & Q2 2023

It’s that time of year again where we start thinking about our annual income tax return. As a taxpayer in the Philippines, it’s important to know the different forms you may need to file to and to make sure you file your returns accurately and on time. Letโ€™s go through these different forms. 

Business Renewal

BIR Form 0605 (RF) opens the calendar year for business renewal. This form covers the renewal period for January to December of the current year. As this specific form is required to start the year right, you should file this form before January 31. 

Here are the BIR Forms You Need to Know

Annual Income Tax Forms

Letโ€™s start with the most popular type of tax, which is your Annual Income Taxes. One of the most commonly used forms to declare annual income taxes is BIR Form 1701, which is the annual income tax return for individual taxpayers including single proprietorships / self-employed individuals and professionals (if you did not opt for the 8% flat income tax rate) and self employed individuals who are mixed income earners (who have day jobs and have business or practicing a profession on the side). This form must be filed by April 15th of the following year.

If you are a self-employed individual earning below 3 Million Gross Revenue in a year and opted for the 8% flat income tax rate, you should use BIR Form 1701A instead.

Corporations and partnerships, including One Person Corporations, whether they are VAT or Non-VAT entities, are required to file BIR Form 1702RT, which is the annual income tax return. The deadline for filing this form is also on April 15th of the following year.

And if you are earning purely from compensation BUT you had more than one employer last year, you are required to file annual income tax returns by yourself. What you will need to use is BIR form 1700.

Quarterly Income Tax Forms

For self-employed individuals, professionals, and mixed income individuals, there’s BIR Form 1701Q (one of the BIR Forms You Need to Know), which is the quarterly income tax return. In the Philippines, income taxes are paid on a quarterly basis. The deadline for filing this form is the 15th of the second month after the close of the quarter (ex. For Q1 which ends on March 31, the deadline of filing is on May 15). On the other hand, corporations, partnerships, and other non-individual taxpayers are required to file BIR Form 1702Q, which is also a quarterly income tax return. These forms share the same deadline, too.

Sales Taxes

In the Philippines, businesses and professionals are classified to be either VAT or Non-VAT. Entities who are Non-Vat earn a gross revenue of less than 3 Million Pesos a year. VAT entities are those that earn 3 Million or more gross sales in a year. 

For non-vat entities, you need to declare your gross revenue every quarter and pay Percentage Taxes for those using BIR Form 2550Q.  The deadline for filing this form is the 25th day of the month following the close of each taxable quarter. Meanwhile, VAT-registered individuals and corporations are required to do the same and file their Quarterly Value-Added Tax form or BIR Form 2551Q. The deadline is also on the 25th day of the month following the close of each taxable quarter. 

Withheld Tax

Employers and withholding agents also have their own set of forms to file. 

BIR Form 1601C is used for the monthly remittance of creditable income taxes withheld on compensation. 

BIR Form 0619E (called monthly remittance forms for expanded withholding taxes) and BIR Form 1601EQ (called quarterly remittance forms for expanded withholding taxes) are used for the quarterly remittance of final taxes withheld on income payments other than compensation. Monthly forms must be filed by the withholding agent on or before the 10th day of the month following the close of each taxable quarter, while the quarterly forms must be filed before the last day of the month after the taxable quarter. There is also an annual form for declaring expanded withholding taxes, which is BIR Form 1604E, which should be filed on or before March 1.

For the deadlines, here is guide that I usually refer to: https://intercom.help/taxumo-inc/en/articles/1814961-all-about-deadlines

In conclusion, it’s important to familiarize yourself with all of the BIR Forms you need to know and make sure you file your returns accurately and on time. If you need assistance in preparing your tax returns, you can seek help from a tax professional or use a tax preparation software. Don’t wait until the last minute and be sure to stay ahead of the game by keeping track of important deadlines and requirements.

As for tax preparation softwares, Taxumo is something that you should check out. Taxumo allows you to file and pay your taxes in 3 minutes or less, all within the convenience of your home. Thereโ€™s no need to line up in the bank and spend money on transportation. 

14 thoughts on “The Complete List of All the BIR Forms You Need to Know for Q1 & Q2 2023”

  1. Thanks for the information.
    Can i know more about all form that a vat registered corporation should compile monthly, quarterly and annually

    1. Hello Jude,

      It depends on the forms that BIR will ask you to file. These forms will be indicated in our COR but most probably you have to file for 1701Q for Quarterly Income Tax, 1701/1701A for Annual Income Tax and 2550Q for Quarterly VAT. ๐Ÿ™‚

  2. How about if you declare temporary close and then after 3 quarter you open and operate again? How to apply for renewal of 0905?

    1. Hello Rechel,

      Good day!

      To get the best guidance for your question, I highly recommend reaching out to a Certified Public Accountant (CPA) who specializes in taxation. They have the expertise and knowledge needed to provide you with personalized advice based on your specific situation and they can offer detailed insights and address any tax-related questions or concerns you may have.

      You can easily book a consultation session with a CPA at a rate of Php 1500 for a 45-minute session. Just visit https://www.taxumo.com/taxumo-consult/ to schedule your session and make the payment. They will guide you through the process and give you all the necessary information. ๐Ÿ™‚

  3. How about if you declare temporary close and then after 3 quarter you open and operate again? How to apply for renewal of 0905?

    1. Hello Rechel,

      Good day!

      To get the best guidance for your question, I highly recommend reaching out to a Certified Public Accountant (CPA) who specializes in taxation. They have the expertise and knowledge needed to provide you with personalized advice based on your specific situation and they can offer detailed insights and address any tax-related questions or concerns you may have.

      You can easily book a consultation session with a CPA at a rate of Php 1500 for a 45-minute session. Just visit https://www.taxumo.com/taxumo-consult/ to schedule your session and make the payment. They will guide you through the process and give you all the necessary information. ๐Ÿ™‚

  4. Hi,

    Do you have a 0605? I have my 1701A last year (2022) and I need to renew my annual registration. My tax code is Income from my profession. Im not sure if 8% plan would be applicable on mine.

    1. Hello Hazel,

      Please do not worry about the 0605 form because based on the new tax rules (RMC 14-2024) the form 0605 for business renewal is no longer required to be filed and paid.

      ๏ปฟPlease note that you have until December 31, 2024, to update your Certificate of Registration (COR) and remove the registration fee as one of your tax responsibilities. ๐Ÿ™‚

      1. Hello Johnson,

        First of all, may we ask please if are you already registered with BIR? Do you already have the form 2303 or Certificate of Registration? Please do send us an email via customercare@taxumo.com so we can discuss further ๐Ÿ™‚

    1. Hi Drea! So far, BIR hasn’t released the Implementing Rules and Regulations yet. Make sure nalang that you subscribe to Taxumo since these changes naman will be considered and we’ll keep our users updated on the changes. ๐Ÿ™‚

  5. August last year 2023 I started to rent a property, lot only for 15k per month. Since this is an income, do I need to file income tax?

    1. Hi Zenaida! Yes, you need to start filing income tax. The first thing to do is to register your business. You can register as a sole proprietor for this business. If you need help with registration, we have guides in this blog. For processing it, you can seek for help from one of our partner processors. Just email customercare@taxumo.com. Then for filing and paying taxes after you are registered, you can use Taxumo ๐Ÿ™‚ We’ll gladly guide you through it ๐Ÿ™‚

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