HOW TO FILE the Annual Income Tax Return for Corporations, Partnership BIR FORM 1702-RT? & How to pay via Maya? & How to file Audited Financial Statement? 2026

A. HOW TO FILE the Annual Income Tax Return for Corporations, Partnership BIR FORM 1702-RT? 

& B. How to pay via Maya?  &  C.How to file Audited Financial Statement? 2026 

 

 

-----------  HOW TO FILE BIR FORM 1702-RT? & How to pay via Maya?

Filing BIR Form 1702-RT (Annual Income Tax Return for Corporations, Partnerships, and Other Non-Individual Taxpayers subject to Regular Income Tax) can feel complicated, but here’s a clear, practical step-by-step guide tailored for Philippine businesses

Quarterly VAT Return BIR 2550Q How to file? 2026

 

 

Quarterly VAT Return BIR 2550Q How to file?

 

Applies to: VAT-registered businesses (including partnerships)	Deadline
Covers VAT summary for the quarter
Jan-Mar	Q1: May 25
April-June	Q2: Aug 25
July-Sep	Q3: Nov 25
Oct- Dec	Q4: Feb 25 (next year)
2. BIR Form 2550Q
Here’s a clear step-by-step guide to filing BIR Form 2550Q (Quarterly VAT Return) for a VAT-registered partnership in the Philippines:
Step 1: Prepare Required Documents
Before filing, make sure you have:
1. Books of Accounts (Sales, Purchases, General Ledger, etc.)
2. VAT Official Receipts / Sales Invoices issued
3. VAT Purchase Invoices / Official Receipts for input tax
4. Summary of Sales and Purchases (if you keep one)
5. Previous quarter’s VAT return (for reference, if applicable)
Step 2: Choose Filing Method
You can file either:
1. eBIRForms (offline / online electronic submission) – BIR-approved software
TIN=
EMAIL=
2. eFPS (Electronic Filing and Payment System) – online submission if enrolled
3. Manual filing at your RDO – less common today
Most VAT-registered partnerships use eBIRForms or eFPS.
Note= For us, we chose eBIRForms
Step 3: Fill Out BIR Form 2550Q     Key sections: 1. Taxpayer Information TIN, RDO code, taxpayer name, business address 2. Quarter Covered Select Jan–Mar, Apr–Jun, Jul–Sep, or Oct–Dec 3. Output VAT (Sales VAT) Total sales subject to VAT VAT collected from customers 4. Input VAT (VAT on Purchases) VAT paid to suppliers for business expenses Only deductible input tax for the quarter 5. VAT Payable / Excess Credit Output VAT minus Input VAT = VAT payable If Input VAT > Output VAT → carryover as credit for next quarter 6. Signature Authorized representative signs the return Step 4: Submit the Return Online Filing 1. eFPS: Log in → Upload 2550Q → Pay online via bank link 2. eBIRForms: Open BIR eBIRForms → Fill 2550Q → Generate .txt → Submit to RDO or via eFPS   Step 5 Validate and Submit: Click Validate to check for errors. Click Submit (or "Final Copy") once corrected. PRINT 3 COPIES in A4 Wait for the Tax Return Receipt Confirmation (TRRC) email from the BIR as proof of successful filing.   Step 6: Pay VAT (if applicable) If VAT is payable: pay at any authorized agent bank (AAB) or via online payment Keep official receipts for your records Step 7: Keep Records Retain a copy of the filed return and payment receipt Keep supporting documents for 3–10 years (BIR audit requirement) 💡 Tips: Even if zero VAT → file zero return → avoids penalties Input VAT must have proper BIR-compliant invoices Always double-check your computations to avoid fines Method 1: Summary using eBIRForms (Recommended for Most) 1. Download and Install: Get the latest version of the eBIRForms Package from the official BIR website. 2. Fill Out Profile: Enter your Taxpayer Identification Number (TIN), RDO Code, and other required registration details. 3. Select Form: Choose BIR Form 2550Q from the dropdown list of available tax returns. 4. Complete the Form: Input your Output VAT (12% tax collected from sales). Input your Input VAT (tax paid on business purchases) to be deducted from your Output VAT. 5. Validate and Submit: Click Validate to check for errors. Click Submit (or "Final Copy") once corrected.  PRINT 3 COPIES in A4 Wait for the Tax Return Receipt Confirmation (TRRC) email from the BIR as proof of successful filing.

 

 

Quarterly summary of EWT BIR 1601-EQ how to file & pay via Maya?

 📌 1601-EQ = Quarterly summary of EWT (after monthly 0619-E filings) 

A. BIR1601-EQ how to file & pay via maya?
1. Deadline
Due: Last day of month after quarter
Q1 → April 30
Q2 → July 31
Q3 → Oct 31
Q4 → Jan 31 

✅ PART 1: FILE BIR 1601-EQ (REQUIRED FIRST)
You cannot pay first — you must file before paying.
Option A (recommended): eBIRForms (offline software)
1. Download & open eBIRForms
 

  Fill up your TIN, RDO, Line of Business, Taxpayers name , Registered Address, zip code, Tel number and email address 

2. Select Form 1601-EQ
3. Fill in:
Year & Quarter
TIN
RDO
ATC (depends on your withholding type)
Total tax withheld
4. Click Validate → Submit

👉 After submission:
You will receive Tax Return Receipt Confirmation (TRRC) via email
This proves your filing is successful

====
✅ PART 2: PAY USING MAYA

Once filed, proceed to Maya payment.
Step-by-step in Maya:
1. Open Maya app
2. Tap Pay Bills, then tap GOVERNMENT
3. tap BIR
4. Enter details:

Field
TIN
Branch Code
Form Series
Tax Type
RDO Code
Return Period
Amount
Email
5. Confirm payment
📌 Maya allows direct BIR payments via “Pay Bills” with required tax details 

then View Full Receipt & save

✅ IMPORTANT NOTES (VERY IMPORTANT)
⚠️ 1. Filing ≠ Payment
You need BOTH:
eBIRForms confirmation (filing)
Maya receipt (payment)

⚠️ 3. Common mistakes (avoid penalties)
Wrong Form Series (e.g. 0619E vs 1601EQ)
Wrong Return Period
Wrong RDO
Paying without filing first

==================

IMPORTANT REMINDERS:

✅ What actually matters

After you click “Submit” in eBIRForms:

• If you see “Submission Successful” → ✅ you can already proceed to pay via Maya
• The email (TRRC) is just your official copy/backup

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👍 Recommended practice (safe but practical)

• You can pay right away via Maya after submission
• BUT:
  • Take a screenshot of the “successful submission” screen
  • Then wait for the email later for your records

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⚠️ When you should NOT pay yet

Hold off payment if:

• You got error / failed submission
• No confirmation screen appeared
• You are unsure if it really went through

👉 Because if you pay without a valid filing, BIR may treat it as invalid or unlinked payment

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💡 Real-world tip (important)

In PH practice:

• Many accountants pay immediately after submit
• The email sometimes comes minutes to hours later (even next day)

---

✅ Best workflow

1. Submit 1601-EQ
2. See “successful submission” ✔
3. Pay via Maya
4. Wait for TRRC email
5. Save both (email + Maya receipt)

How to register a new business in the Philippines?

 How to register a new business in the Philippines?

HOW to Close A Business?

 HOW TO CLOSE A BUSINESS?

 

 Go to ORUS > Update Information > Closure of Business. The webpage will show you agad what you'll initially need to close your business. Pero sa totoo lang, you'll need to have all your tax files ready. Just in case lang may hingin sila-- like past tax returns, email confirmations, books, invoices. Depende siya if the officer wants to audit you or not.

BIR MEMO 74-2025 - Narito po ang updated na checklist ng requirements para sa iba’t-ibang mga registration services ng BIR from BIR Commissioner Romeo Lumagui Jr

7.22.2025

BIR MEMO 74-2025 - Narito po ang updated na checklist ng requirements para sa iba’t-ibang mga registration services ng BIR from BIR Commissioner Romeo Lumagui Jr

 

PABATID SA PUBLIKO

Narito po ang updated na checklist ng requirements para sa iba’t-ibang mga registration services ng BIR.

Tanging mga application na KUMPLETO ang requirements lang ang pwede i-proseso ng BIR.

Siguraduhin na tugma ang gabay na checklist sa inyong transaction.

ANNEXES: https://bir-cdn.bir.gov.ph/BIR/pdf/CDR%20-%202025.pdf

Full RMC No. 74-2025: https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2074-2025.pdf

Follow Commissioner Lumagui’s official accounts:

IG & Tiktok: @romeolumaguijr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ease of Paying Taxes (EOPT) Per Republic Act No. 11976- 2024

Ease of Paying Taxes (EOPT)- 2024

Per Republic Act No. 11976