What is Form 1701Q?
Form 1701Q is called the Quarterly Income Tax Return. It is designed by the Bureau of Internal Revenue. This form must be filed by the professionals, trusts and estates and self-employed individuals. You may find this form on our site, fill it out using all our powerful editing and signing tools and submit it.
What is the Purpose of Form 1701Q?
This form must be filed to report the income tax return. Complete this document and file it in triplicate. When the individual is not able to file the form personally, it may be filled out and submitted by a guardian, representative or a duly authorized agent.
When is Form 1701Q Due?
The return must be filed on a quarterly basis. For the first quarter prepare the document to be filed on April 15th of the current tax year. For the second quarter submit the return on August 15th and for the last one - on November 15th. Make sure the form is completed properly and does not contain any mistakes.
Is Form 1701Q Accompanied by Other Documents?
Yes, this form must be accompanied by several documents. First of all, provide the Certificate of Income Payments not Subject to Withholding Tax. It is Form 2304 that is also created by the Bureau of Internal Revenue. Attach BIR Form 2307 that is called the Certificate of Creditable Tax Withheld at Source. Additionally provide the duly approved Tax Debit Memo.
What Information do I Include in Form 1701Q?
The form is only 1 page. It won’t take much time to complete it. You must provide the following details while filling it out: the year and the quarter for which you file the return, taxpayer identification number, taxpayer full name, registered address, place and date of birth, type of occupation or business, method of deduction, etc. The computation of tax is the most important part of the form. Make sure you provide correct and valid figures and calculate the total amount properly. The last part is devoted to the payment details: bank name, account number, sum, etc.
Where do I Send BIR Form 1701Q?
Once the document is properly completed, send it out to the Bureau of Internal Revenue.