DIRECTION: Based on the information below and the attached financial statements, prepare the following: 1. Value...

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DIRECTION: Based on the information below and the attached financial statements, prepare the following: 1. Value Added Tax Return -1st quarter 2021 2. Income Tax Return-Taxable year 2021 COMPANY INFORMATION: COMPANY NAME: TIN: ADDRESS RDO CODE: ZIP CODE XYZ CORPORATION 006-541-823-000 NO. 6 ST. PAUL ST., NEW ERA, QUEZON CITY, PHILIPPINES 028 1128 DATE OF INCORPORATION: CONTACT NUMBER: EMAIL ADDRESS: LINE OF BUSINESS: NOV. 15, 2015 8324-367 xyzcorporation@yahoo.com OFFICERS: PRESIDENT TREASURER OTHER FINANCIAL INFORMATION: INCOME TAX PAYMENT UNDER REGULAR RATE FROM PREVIOUS QUARTERS CREDITABLE TAX WITHHELD PER TRADING NAME TIN ALBERT CRUZ 167-235-545 CORAZON REYES 221-553-332 100,708 BIR FORM 2307 FROM PREVIOUS QUARTERS 401,731 CREDITABLE TAX WITHHELD PER BIR FORM 2307 FOR THE 4TH QUARTER INPUT VAT CARRY-OVER FROM PREVIOUS YEAR 1ST QUARTER 162,051 36,231 SALES (EXCLUSIVE OF VAT) VATABLE SALES 17,056,780 ZERO-RATED SALES 853,265 PURCHASES (INCUSIVE OF VAT) GOODS 1ST QUARTER 17,061,464 SERVICES 1,231,260 XYZ CORPORATION STATEMENT OF FINANCIAL POSITION December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 ASSETS Current Assets Cash and cash equivalents 4 P 1,539,438 P 1,932,172 Accounts and other receivables 5 15,001,892 12,281,270 Inventory 7,563,451 10,710,932 Total 24,104,781 24,924,374 Noncurrent Assets Transportation equipment-net TOTAL ASSETS 6 493,304 569,197 P 24,598,085 P 25,493,571 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts and other payables 7 P 5,112,855 P 7,661,400 Shareholders' Equity Share capital 5,000,000 5,000,000 Accumulated profits 8 14,485,230 12,832,171 Total Shareholders' Equity 19,485,230 17,832,171 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY P 24,598,085 P 25,493,571 SALES COST OF SALES GROSS PROFIT XYZ CORPORATION INCOME STATEMENT For the year ended December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 10 P 84,698,129 P 101,549,221 9 77,210,529 93,666,426 7,487,600 7,882,795 OPERATING EXPENSES Salaries and wages 2,652,000 2,236,832 Permit and licenses 10 1,172,887 1,088,971 Rental 404,849 404,431 SSS/PHIC/HDMF Contribution expense 186,992 189,522 Gasoline and oil 166,944 232,167 Communication expense 151,030 117,136 Professional fee 146,500 146,500 Depreciation 75,893 75,893 Light and water 73,459 91,952 Transportation and travel 39,875 90,607 Insurance 22,800 39,700 Security and Janitorial 13,200 20,357 Repairs and maintenance 11,441 96,706 Representation and entertainment 4,664 61,216 Office supplies 1,102 1,912 Miscellaneous 2,451 34,924 Total 5,126,087 4,928,826 INCOME BEFORE TAX 2,361,513 2,953,969 (To be filled up by the BIR) ►DLN: Quarterly Value-Added Tax Return (Cumulative For 3 Months) PSICA BIR Form No. 2550Q February 2007 (ENCS) Republika ng Pilipinas Kagawaran ng Pananalapil Kawanihan ng Rentas Internas Fill in all applicable spaces. Mark all appropriate boxes with an “X”. For the Year Ended (MM/YYYY) ► TIN 10 Calendar Fiscal 2 Quarter |0,0,0 1st 2nd 3rd 3 Return From Period 4th (mm/dd/yy) ► To 7 RDO Code 8 No. of sheets attached Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name 12 Registered Address 4 Amended Return? Ye Short Period No Return? Yes No 9 Line of Business 11 Telephone Number 13 Zip Code If yes, specify Yes No. Computation of Tax (Attach additional sheets, if necessary) Sales/Receipts for the Quarter (Exclusive of VAT) Output Tax Due for the Quarter 15A 15B 16A 16B 17 18 19A 14 Are you availing of tax relief under Special Law or International Tax Treaty? Part II 15 Vatable Sales/Receipt- Private (Sch.1) 16 Sale to Government 17 Zero Rated Sales/Receipts 18 Exempt Sales/Receipts 19 Total Sales/Receipts and Output Tax Duel 20 Less: Allowable Input Tax 19B 20A Input Tax Carried Over from Previous Quarter 20A 20B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Quarter 20B 20C Transitional Input Tax 20C 20D Presumptive Input Tax 20D 20E Others 20E 21 20F Total (Sum of Item 20A, 20B,20C,20D &20E) Current Transactions 20F Purchases 21A/B Purchase of Capital Goods not exceeding P1Million (see sch.2) 21A 21C/D Purchase of Capital Goods exceeding P1Million (see sch.3). 21E/F Domestic Purchases of Goods Other than Capital Goods 21G/H Importation of Goods Other than Capital Goods 211/J Domestic Purchase of Services 21B 21C 21D 21E 21F 21G 21H 211 21J 21K/L Services rendered by Non-residents 21K 21L 21M Purchases Not Qualified for Input Tax 21M 21N 210 21N/O Others 21P Total Current Purchases (Sum of Item 21A,21C, 21E,21G,211,21K,21M821N) 21P 22 Total Available Input Tax (Sum of Item 20F, 21B,21D,21F,21H,21J,21L&210) 23 Less: Deductions from Input Tax 23A Input Tax on Purchases of Capital Goods exceeding P1Million deferred for the succeeding period (Sch.3) 23B Input Tax on Sale to Govt. closed to expense (Sch.4) 23C Input Tax allocable to Exempt Sales (Sch.5) 23D VAT Refund/TCC claimed 23E Others 23F Total (Sum of Item 23A, 23B,23C,23D & 23E) 24 Total Allowable Input Tax (Item 22 less Item 23F) 25 Net VAT Payable (Item 19B less Item 24). 26 Less: Tax Credits/Payments 26A Monthly VAT Payments previous two months 26B Creditable Value-Added Tax Withheld (Sch. 6) 26C Advance Payments for Sugar and Flour Industries (Sch. 7). 26D VATwithheld on Sales to Government (Sch.8) 26E VAT paid in return previously filed, if this is an amended return 22 23A 23B 23C 23D 23E 23F 24 25 26A 26B 26C 26D 26E 26F 26G 26H 27 Compromise 28C 28D 29 26F Advance Payments made (please attach proof of payments - BIR Form No. 0605). 26G Others. 26H Total Tax Credits/Payments (Sum of Item 26A,26B,26C,26D, 26E, 26F & 26G) 27 Tax Still Payable/(Overpayment) (Item 25 less Item 26H) 28 Add: Penalties 28A Surcharge 28B Interest 29 Total Amount Payable/(Overpayment) (Sum of Item 27 & 28D) I declare, under the penalties of perjury, that this retum has been made in good faith, verified by me, and to the best of my knowledge, and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the requlations issued under authority thereof. 30 President/Vice President/Principal Officer/Accredited Tax Agent/ 31 Treasurer/Assistant Treasurer (Signature Over Printed Name) Authorized Representative/Taxpayer (Signature Over Printed Name) Title/Position of Signatory TIN of Signatory Drawee Bank/ Agency Number 32B 33A 33B 34A 35B Tax Agent Acc. No./Atty's Roll No.(if applicable) Date of Issuance Part III Particulars 32 Cash/Bank 324 Debit Memo 33 Check 34 Tax Debit Memo 35A 35 Others Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank) Date of Expiry Details of Payment Date | MM DD YYYY Amount 132C 132D 330 33D 348 34C 350 35D Title/Position of Signatory TIN of Signatory Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial) For BIR BCS/ Use Only: Item: BIR Form No. 1702-RT January 2018 (ENCS) 1 For Page 1 Calendar Republic of the Philippines Department of Finance Bureau of Internal Revenue Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Enter all required information in CAPITAL LETTERS. Mark applicable boxes with an "X". Two copies MUST be filed with the BIR and one held by the taxpayer. 3 Amended Return? Fiscal ||| 4 Short Period Return? 5 Alphanumeric Tax Code (ATC) 1702-RT 01/18ENCS P1 2 Year Ended (MM/20YY) Yes No Yes No IC 055 /20 6 Taxpayer Identification Number (TIN) Part I Background Information │ │ 8 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS) Minimum Corporate Income Tax (MCIT) - 00000 7 RDO Code 9 Registered Address (Indicate complete address. If the registered address is different from the current address, go to the RDO to update registered address by using BIR Form No. 1905) 10 Date of Incorporation/Organization (MM/DD/YYYY) 12 Email Address 13 Method of Deductions 14 Tax Due (From Part IV Item 43) 9A ZIP Code 11 Contact Number Itemized Deductions [Section 34 (A-J), NIRC] Optional Standard Deduction (OSD) - 40% of Gross Income [Section 34(L) NIRC, as amended] Part II - Total Tax Payable (DONOT enter Centavos; 49 Centavos or Less dropdown; 50 or more round up) 15 Less: Total Tax Credits/Payments (From Part IV Item 55) 16 Net Tax Payable / (Overpayment) (Item 14 Less Item 15) (From Part IV Item 56) Add: Penalties 17 Surcharge 18 Interest 19 Compromise 20 Total Penalties (Sum of Items 17 to 19) 21 TOTAL AMOUNT PAYABLE / (Overpayment) (Sum of Items 16 and 20) If overpayment, mark one (1) box only. (Once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as tax credit for next year/quarter We dedare under the penalties of perjury that this return, and all its attachments, have been made in good faith, verified by us, and to the best of our knowledge and belief, are true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. (If signed by an Authorized Representative, indicate TIN and attach authorization letter) Signature over Printed Name of President/Principal Officer/Authorized Representative Signature over Printed Name of Treasurer/ Assistant Treasurer Title of Signatory TIN TIN Title of Signatory Particulars Drawee Bank/Agency Part III - Details of Payment Number Date (MM/DD/YYYY) Amount 23 Cash/Bank Debit Memo 24 Check 25 Tax Debit Memo 22 Number of Attachments 26 Others (specify below) Machine Validation/Revenue Official Receipt Details [if not filed with an Authorized Agent Bank (AAB)] Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/Bank Teller's Initial) BIR Form No. 1702-RT January 2018 (ENCS) Page 2 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) || 1702-RT 01/18ENCS P2 Registered Name 00000 Part IV Computation of Tax (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 27 Sales/Receipts/Revenues/Fees 28 Less: Sales Returns, Allowances and Discounts 29 Net Sales/Receipts/Revenues/Fees (Item 27 Less Item 28) 30 Less: Cost of Sales/Services 31 Gross Income from Operation (Item 29 Less Item 30) 32 Add: Other Taxable Income Not Subjected to Final Tax 33 Total Taxable Income (Sum of Items 31 and 32) Less: Deductions Allowable under Existing Law 34 Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 35 Special Allowable Itemized Deductions (From Part VI Schedule II Item 5) 36 NOLCO [Only for those taxable under Sec. 27 (A to C); Sec. 28(A)(1)(A)(6)(b) of the Tax Code, as amended] (From Part VI Schedule Ill Item 8) 37 Total Deductions (Sum of Items 34 to 36) OR [in case taxable under Sec 27(A) & 28(A)(1)] 38 Optional Standard Deduction (OSD) (40% of Item 33) 39 Net Taxable Income/(Loss) (If Itemized: Item 33 Less Item 37; If OSD: Item 33 Less Item 38) 40 Applicable Income Tax Rate 41 Income Tax Due other than Minimum Corporate Income Tax (MCIT) (Item 39 x Item 40) 42 MCIT Due (2% of Item 33) 43 Tax Due (Normal Income Tax Due in Item 41 OR the MCIT Due in Item 42, whichever is higher) (To Part II Item 14) Less: Tax Credits/Payments (attach proof) 44 Prior Year's Excess Credits other than MCIT 45 Income Tax Payment under MCIT from Previous Quarter/s 46 Income Tax Payment under Regular/Normal Rate from Previous Quarter/s 47 Excess MCIT Applied this Current Taxable Year (From Part VI Schedule IV Item 4) 48 Creditable Tax Withheld from Previous Quarter/s per BIR Form No. 2307 49 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter 50 Foreign Tax Credits, if applicable 51 Tax Paid in Return Previously Filed, if this is an Amended Return 52 Special Tax Credits (To Part V Item 58) 53 54 Other Tax Credits/Payments (specify) 55 Total Tax Credits/Payments (Sum of Items 44 to 54) (To Part II Item 15) 56 Net Tax Payable/(Overpayment) (Item 43 Less Item 55) (To Part II Item 16) Part V Tax Relief Availment 57 Special Allowable Itemized Deductions (Item 35 of Part IV x Applicable Income Tax Rate) 58 Add: Special Tax Credits (From Part IV Item 52) 59 Total Tax Relief Availment (Sum of Items 57 and 58) % BIR Form No. 1702-RT January 2018 (ENCS) Page 3 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN). Registered Name 0000 Part VI Schedules Schedule - Ordinary Allowable Itemized Deductions (attach additional sheet/s, if necessary) 1 Amortizations 2 Bad Debts 1702-RT 01/18ENCS P3 (DONOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 3 Charitable and Other Contributions 4 Depletion 5 Depreciation 6 Entertainment, Amusement and Recreation 7 Fringe Benefits 8 Interest 9 Losses 10 Pension Trusts 11 Rental 12 Research and Development 13 Salaries, Wages and Allowances 14 SSS, GSIS, Philhealth, HDMF and Other Contributions 15 Taxes and Licenses 16 Transportation and Travel 17 Others (Deductions Subject to Withholding Tax and Other Expenses) [Specify below; Add additional sheet(s), if necessary] a Janitorial and Messengerial Services b Professional Fees с Security Services d e f g h i 18 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 17i) (To Part IV Item 34) Schedule II - Special Allowable Itemized Deductions (attach additional sheet/s, if necessary) Legal Basis Description 1 2 3 4 5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 35) Amount BIR Form No. 1702-RT January 2018 (ENCS) Page 4 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) 00000 Registered Name Schedule III - Computation of Net Operating Loss Carry Over (NOLCO) 1 Gross Income (From Part IV Item 33) 2 Less: Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 3 Net Operating Loss (Item 1 Less Item 2) (To Schedule IIIA, Item 7A) Schedule IIIA - Computation of Available Net Operating Loss Carry Over (NOLCO) Net Operating Loss Year Incurred 4 A) Amount |||| 1702-RT 01/18ENCS P4 (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) B) NOLCO Applied Previous Year/s 5 6 7 Continuation of Schedule IIIA (Item numbers continue from table above) 4 5 6 7 C) NOLCO Expired D) NOLCO Applied Current Year 8 Total NOLCO (Sum of Items 4D to 7D) (To Part IV, Item 36) Schedule IV - Computation of Minimum Corporate Income Tax (MCIT) Year A) Normal Income Tax as Adjusted 1 2 3 Continuation of Schedule IV (Item numbers continue from table above) 1 2 3 D) Excess MCIT Applied/ Used in Previous Years E) Net Operating Loss (Unapplied) [E A Less (B + C + D) ] B) MCIT C) Excess MCIT over Normal Income Tax E) Expired Portion of Excess MCIT F) Excess MCIT Applied this Current Taxable Year G) Balance of Excess MCIT Allowable as Tax Credit for Succeeding Year/s [G= C Less (D+E+F)] 4 Total Excess MCIT Applied (Sum of Items 1F to 3F) (To Part IV Item 47) Schedule V - Reconciliation of Net Income per Books Against Taxable Income (attach additional sheet/s, if necessary) 1 Net Income/(Loss) per Books Add: Non-Deductible Expenses/Taxable Other Income 2 3 4 Total (Sum of Items 1 to 3) Less: A) Non-Taxable Income and Income Subjected to Final Tax 5 6 B) Special Deductions 7 8 9 Total (Sum of Items 5 to 8) DIRECTION: Based on the information below and the attached financial statements, prepare the following: 1. Value Added Tax Return -1st quarter 2021 2. Income Tax Return-Taxable year 2021 COMPANY INFORMATION: COMPANY NAME: TIN: ADDRESS RDO CODE: ZIP CODE XYZ CORPORATION 006-541-823-000 NO. 6 ST. PAUL ST., NEW ERA, QUEZON CITY, PHILIPPINES 028 1128 DATE OF INCORPORATION: CONTACT NUMBER: EMAIL ADDRESS: LINE OF BUSINESS: NOV. 15, 2015 8324-367 xyzcorporation@yahoo.com OFFICERS: PRESIDENT TREASURER OTHER FINANCIAL INFORMATION: INCOME TAX PAYMENT UNDER REGULAR RATE FROM PREVIOUS QUARTERS CREDITABLE TAX WITHHELD PER TRADING NAME TIN ALBERT CRUZ 167-235-545 CORAZON REYES 221-553-332 100,708 BIR FORM 2307 FROM PREVIOUS QUARTERS 401,731 CREDITABLE TAX WITHHELD PER BIR FORM 2307 FOR THE 4TH QUARTER INPUT VAT CARRY-OVER FROM PREVIOUS YEAR 1ST QUARTER 162,051 36,231 SALES (EXCLUSIVE OF VAT) VATABLE SALES 17,056,780 ZERO-RATED SALES 853,265 PURCHASES (INCUSIVE OF VAT) GOODS 1ST QUARTER 17,061,464 SERVICES 1,231,260 DIRECTION: Based on the information below and the attached financial statements, prepare the following: 1. Value Added Tax Return -1st quarter 2021 2. Income Tax Return-Taxable year 2021 COMPANY INFORMATION: COMPANY NAME: TIN: ADDRESS RDO CODE: ZIP CODE XYZ CORPORATION 006-541-823-000 NO. 6 ST. PAUL ST., NEW ERA, QUEZON CITY, PHILIPPINES 028 1128 DATE OF INCORPORATION: CONTACT NUMBER: EMAIL ADDRESS: LINE OF BUSINESS: NOV. 15, 2015 8324-367 xyzcorporation@yahoo.com OFFICERS: PRESIDENT TREASURER OTHER FINANCIAL INFORMATION: INCOME TAX PAYMENT UNDER REGULAR RATE FROM PREVIOUS QUARTERS CREDITABLE TAX WITHHELD PER TRADING NAME TIN ALBERT CRUZ 167-235-545 CORAZON REYES 221-553-332 100,708 BIR FORM 2307 FROM PREVIOUS QUARTERS 401,731 CREDITABLE TAX WITHHELD PER BIR FORM 2307 FOR THE 4TH QUARTER INPUT VAT CARRY-OVER FROM PREVIOUS YEAR 1ST QUARTER 162,051 36,231 SALES (EXCLUSIVE OF VAT) VATABLE SALES 17,056,780 ZERO-RATED SALES 853,265 PURCHASES (INCUSIVE OF VAT) GOODS 1ST QUARTER 17,061,464 SERVICES 1,231,260 XYZ CORPORATION STATEMENT OF FINANCIAL POSITION December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 ASSETS Current Assets Cash and cash equivalents 4 P 1,539,438 P 1,932,172 Accounts and other receivables 5 15,001,892 12,281,270 Inventory 7,563,451 10,710,932 Total 24,104,781 24,924,374 Noncurrent Assets Transportation equipment-net TOTAL ASSETS 6 493,304 569,197 P 24,598,085 P 25,493,571 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts and other payables 7 P 5,112,855 P 7,661,400 Shareholders' Equity Share capital 5,000,000 5,000,000 Accumulated profits 8 14,485,230 12,832,171 Total Shareholders' Equity 19,485,230 17,832,171 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY P 24,598,085 P 25,493,571 XYZ CORPORATION STATEMENT OF FINANCIAL POSITION December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 ASSETS Current Assets Cash and cash equivalents 4 P 1,539,438 P 1,932,172 Accounts and other receivables 5 15,001,892 12,281,270 Inventory 7,563,451 10,710,932 Total 24,104,781 24,924,374 Noncurrent Assets Transportation equipment-net TOTAL ASSETS 6 493,304 569,197 P 24,598,085 P 25,493,571 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts and other payables 7 P 5,112,855 P 7,661,400 Shareholders' Equity Share capital 5,000,000 5,000,000 Accumulated profits 8 14,485,230 12,832,171 Total Shareholders' Equity 19,485,230 17,832,171 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY P 24,598,085 P 25,493,571 SALES COST OF SALES GROSS PROFIT XYZ CORPORATION INCOME STATEMENT For the year ended December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 10 P 84,698,129 P 101,549,221 9 77,210,529 93,666,426 7,487,600 7,882,795 OPERATING EXPENSES Salaries and wages 2,652,000 2,236,832 Permit and licenses 10 1,172,887 1,088,971 Rental 404,849 404,431 SSS/PHIC/HDMF Contribution expense 186,992 189,522 Gasoline and oil 166,944 232,167 Communication expense 151,030 117,136 Professional fee 146,500 146,500 Depreciation 75,893 75,893 Light and water 73,459 91,952 Transportation and travel 39,875 90,607 Insurance 22,800 39,700 Security and Janitorial 13,200 20,357 Repairs and maintenance 11,441 96,706 Representation and entertainment 4,664 61,216 Office supplies 1,102 1,912 Miscellaneous 2,451 34,924 Total 5,126,087 4,928,826 INCOME BEFORE TAX 2,361,513 2,953,969 SALES COST OF SALES GROSS PROFIT XYZ CORPORATION INCOME STATEMENT For the year ended December 31, 2021 (With comparative figures for 2020) Notes 2021 2020 10 P 84,698,129 P 101,549,221 9 77,210,529 93,666,426 7,487,600 7,882,795 OPERATING EXPENSES Salaries and wages 2,652,000 2,236,832 Permit and licenses 10 1,172,887 1,088,971 Rental 404,849 404,431 SSS/PHIC/HDMF Contribution expense 186,992 189,522 Gasoline and oil 166,944 232,167 Communication expense 151,030 117,136 Professional fee 146,500 146,500 Depreciation 75,893 75,893 Light and water 73,459 91,952 Transportation and travel 39,875 90,607 Insurance 22,800 39,700 Security and Janitorial 13,200 20,357 Repairs and maintenance 11,441 96,706 Representation and entertainment 4,664 61,216 Office supplies 1,102 1,912 Miscellaneous 2,451 34,924 Total 5,126,087 4,928,826 INCOME BEFORE TAX 2,361,513 2,953,969 (To be filled up by the BIR) ►DLN: Quarterly Value-Added Tax Return (Cumulative For 3 Months) PSICA BIR Form No. 2550Q February 2007 (ENCS) Republika ng Pilipinas Kagawaran ng Pananalapil Kawanihan ng Rentas Internas Fill in all applicable spaces. Mark all appropriate boxes with an “X”. For the Year Ended (MM/YYYY) ► TIN 10 Calendar Fiscal 2 Quarter |0,0,0 1st 2nd 3rd 3 Return From Period 4th (mm/dd/yy) ► To 7 RDO Code 8 No. of sheets attached Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name 12 Registered Address 4 Amended Return? Ye Short Period No Return? Yes No 9 Line of Business 11 Telephone Number 13 Zip Code If yes, specify Yes No. Computation of Tax (Attach additional sheets, if necessary) Sales/Receipts for the Quarter (Exclusive of VAT) Output Tax Due for the Quarter 15A 15B 16A 16B 17 18 19A 14 Are you availing of tax relief under Special Law or International Tax Treaty? Part II 15 Vatable Sales/Receipt- Private (Sch.1) 16 Sale to Government 17 Zero Rated Sales/Receipts 18 Exempt Sales/Receipts 19 Total Sales/Receipts and Output Tax Duel 20 Less: Allowable Input Tax 19B 20A Input Tax Carried Over from Previous Quarter 20A 20B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Quarter 20B 20C Transitional Input Tax 20C 20D Presumptive Input Tax 20D 20E Others 20E 21 20F Total (Sum of Item 20A, 20B,20C,20D &20E) Current Transactions 20F Purchases 21A/B Purchase of Capital Goods not exceeding P1Million (see sch.2) 21A 21C/D Purchase of Capital Goods exceeding P1Million (see sch.3). 21E/F Domestic Purchases of Goods Other than Capital Goods 21G/H Importation of Goods Other than Capital Goods 211/J Domestic Purchase of Services 21B 21C 21D 21E 21F 21G 21H 211 21J 21K/L Services rendered by Non-residents 21K 21L 21M Purchases Not Qualified for Input Tax 21M 21N 210 21N/O Others 21P Total Current Purchases (Sum of Item 21A,21C, 21E,21G,211,21K,21M821N) 21P 22 Total Available Input Tax (Sum of Item 20F, 21B,21D,21F,21H,21J,21L&210) 23 Less: Deductions from Input Tax 23A Input Tax on Purchases of Capital Goods exceeding P1Million deferred for the succeeding period (Sch.3) 23B Input Tax on Sale to Govt. closed to expense (Sch.4) 23C Input Tax allocable to Exempt Sales (Sch.5) 23D VAT Refund/TCC claimed 23E Others 23F Total (Sum of Item 23A, 23B,23C,23D & 23E) 24 Total Allowable Input Tax (Item 22 less Item 23F) 25 Net VAT Payable (Item 19B less Item 24). 26 Less: Tax Credits/Payments 26A Monthly VAT Payments previous two months 26B Creditable Value-Added Tax Withheld (Sch. 6) 26C Advance Payments for Sugar and Flour Industries (Sch. 7). 26D VATwithheld on Sales to Government (Sch.8) 26E VAT paid in return previously filed, if this is an amended return 22 23A 23B 23C 23D 23E 23F 24 25 26A 26B 26C 26D 26E 26F 26G 26H 27 Compromise 28C 28D 29 26F Advance Payments made (please attach proof of payments - BIR Form No. 0605). 26G Others. 26H Total Tax Credits/Payments (Sum of Item 26A,26B,26C,26D, 26E, 26F & 26G) 27 Tax Still Payable/(Overpayment) (Item 25 less Item 26H) 28 Add: Penalties 28A Surcharge 28B Interest 29 Total Amount Payable/(Overpayment) (Sum of Item 27 & 28D) I declare, under the penalties of perjury, that this retum has been made in good faith, verified by me, and to the best of my knowledge, and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the requlations issued under authority thereof. 30 President/Vice President/Principal Officer/Accredited Tax Agent/ 31 Treasurer/Assistant Treasurer (Signature Over Printed Name) Authorized Representative/Taxpayer (Signature Over Printed Name) Title/Position of Signatory TIN of Signatory Drawee Bank/ Agency Number 32B 33A 33B 34A 35B Tax Agent Acc. No./Atty's Roll No.(if applicable) Date of Issuance Part III Particulars 32 Cash/Bank 324 Debit Memo 33 Check 34 Tax Debit Memo 35A 35 Others Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank) Date of Expiry Details of Payment Date | MM DD YYYY Amount 132C 132D 330 33D 348 34C 350 35D Title/Position of Signatory TIN of Signatory Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial) (To be filled up by the BIR) ►DLN: Quarterly Value-Added Tax Return (Cumulative For 3 Months) PSICA BIR Form No. 2550Q February 2007 (ENCS) Republika ng Pilipinas Kagawaran ng Pananalapil Kawanihan ng Rentas Internas Fill in all applicable spaces. Mark all appropriate boxes with an “X”. For the Year Ended (MM/YYYY) ► TIN 10 Calendar Fiscal 2 Quarter |0,0,0 1st 2nd 3rd 3 Return From Period 4th (mm/dd/yy) ► To 7 RDO Code 8 No. of sheets attached Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name 12 Registered Address 4 Amended Return? Ye Short Period No Return? Yes No 9 Line of Business 11 Telephone Number 13 Zip Code If yes, specify Yes No. Computation of Tax (Attach additional sheets, if necessary) Sales/Receipts for the Quarter (Exclusive of VAT) Output Tax Due for the Quarter 15A 15B 16A 16B 17 18 19A 14 Are you availing of tax relief under Special Law or International Tax Treaty? Part II 15 Vatable Sales/Receipt- Private (Sch.1) 16 Sale to Government 17 Zero Rated Sales/Receipts 18 Exempt Sales/Receipts 19 Total Sales/Receipts and Output Tax Duel 20 Less: Allowable Input Tax 19B 20A Input Tax Carried Over from Previous Quarter 20A 20B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Quarter 20B 20C Transitional Input Tax 20C 20D Presumptive Input Tax 20D 20E Others 20E 21 20F Total (Sum of Item 20A, 20B,20C,20D &20E) Current Transactions 20F Purchases 21A/B Purchase of Capital Goods not exceeding P1Million (see sch.2) 21A 21C/D Purchase of Capital Goods exceeding P1Million (see sch.3). 21E/F Domestic Purchases of Goods Other than Capital Goods 21G/H Importation of Goods Other than Capital Goods 211/J Domestic Purchase of Services 21B 21C 21D 21E 21F 21G 21H 211 21J 21K/L Services rendered by Non-residents 21K 21L 21M Purchases Not Qualified for Input Tax 21M 21N 210 21N/O Others 21P Total Current Purchases (Sum of Item 21A,21C, 21E,21G,211,21K,21M821N) 21P 22 Total Available Input Tax (Sum of Item 20F, 21B,21D,21F,21H,21J,21L&210) 23 Less: Deductions from Input Tax 23A Input Tax on Purchases of Capital Goods exceeding P1Million deferred for the succeeding period (Sch.3) 23B Input Tax on Sale to Govt. closed to expense (Sch.4) 23C Input Tax allocable to Exempt Sales (Sch.5) 23D VAT Refund/TCC claimed 23E Others 23F Total (Sum of Item 23A, 23B,23C,23D & 23E) 24 Total Allowable Input Tax (Item 22 less Item 23F) 25 Net VAT Payable (Item 19B less Item 24). 26 Less: Tax Credits/Payments 26A Monthly VAT Payments previous two months 26B Creditable Value-Added Tax Withheld (Sch. 6) 26C Advance Payments for Sugar and Flour Industries (Sch. 7). 26D VATwithheld on Sales to Government (Sch.8) 26E VAT paid in return previously filed, if this is an amended return 22 23A 23B 23C 23D 23E 23F 24 25 26A 26B 26C 26D 26E 26F 26G 26H 27 Compromise 28C 28D 29 26F Advance Payments made (please attach proof of payments - BIR Form No. 0605). 26G Others. 26H Total Tax Credits/Payments (Sum of Item 26A,26B,26C,26D, 26E, 26F & 26G) 27 Tax Still Payable/(Overpayment) (Item 25 less Item 26H) 28 Add: Penalties 28A Surcharge 28B Interest 29 Total Amount Payable/(Overpayment) (Sum of Item 27 & 28D) I declare, under the penalties of perjury, that this retum has been made in good faith, verified by me, and to the best of my knowledge, and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the requlations issued under authority thereof. 30 President/Vice President/Principal Officer/Accredited Tax Agent/ 31 Treasurer/Assistant Treasurer (Signature Over Printed Name) Authorized Representative/Taxpayer (Signature Over Printed Name) Title/Position of Signatory TIN of Signatory Drawee Bank/ Agency Number 32B 33A 33B 34A 35B Tax Agent Acc. No./Atty's Roll No.(if applicable) Date of Issuance Part III Particulars 32 Cash/Bank 324 Debit Memo 33 Check 34 Tax Debit Memo 35A 35 Others Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank) Date of Expiry Details of Payment Date | MM DD YYYY Amount 132C 132D 330 33D 348 34C 350 35D Title/Position of Signatory TIN of Signatory Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/ Bank Teller's Initial) For BIR BCS/ Use Only: Item: BIR Form No. 1702-RT January 2018 (ENCS) 1 For Page 1 Calendar Republic of the Philippines Department of Finance Bureau of Internal Revenue Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Enter all required information in CAPITAL LETTERS. Mark applicable boxes with an "X". Two copies MUST be filed with the BIR and one held by the taxpayer. 3 Amended Return? Fiscal ||| 4 Short Period Return? 5 Alphanumeric Tax Code (ATC) 1702-RT 01/18ENCS P1 2 Year Ended (MM/20YY) Yes No Yes No IC 055 /20 6 Taxpayer Identification Number (TIN) Part I Background Information │ │ 8 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS) Minimum Corporate Income Tax (MCIT) - 00000 7 RDO Code 9 Registered Address (Indicate complete address. If the registered address is different from the current address, go to the RDO to update registered address by using BIR Form No. 1905) 10 Date of Incorporation/Organization (MM/DD/YYYY) 12 Email Address 13 Method of Deductions 14 Tax Due (From Part IV Item 43) 9A ZIP Code 11 Contact Number Itemized Deductions [Section 34 (A-J), NIRC] Optional Standard Deduction (OSD) - 40% of Gross Income [Section 34(L) NIRC, as amended] Part II - Total Tax Payable (DONOT enter Centavos; 49 Centavos or Less dropdown; 50 or more round up) 15 Less: Total Tax Credits/Payments (From Part IV Item 55) 16 Net Tax Payable / (Overpayment) (Item 14 Less Item 15) (From Part IV Item 56) Add: Penalties 17 Surcharge 18 Interest 19 Compromise 20 Total Penalties (Sum of Items 17 to 19) 21 TOTAL AMOUNT PAYABLE / (Overpayment) (Sum of Items 16 and 20) If overpayment, mark one (1) box only. (Once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as tax credit for next year/quarter We dedare under the penalties of perjury that this return, and all its attachments, have been made in good faith, verified by us, and to the best of our knowledge and belief, are true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. (If signed by an Authorized Representative, indicate TIN and attach authorization letter) Signature over Printed Name of President/Principal Officer/Authorized Representative Signature over Printed Name of Treasurer/ Assistant Treasurer Title of Signatory TIN TIN Title of Signatory Particulars Drawee Bank/Agency Part III - Details of Payment Number Date (MM/DD/YYYY) Amount 23 Cash/Bank Debit Memo 24 Check 25 Tax Debit Memo 22 Number of Attachments 26 Others (specify below) Machine Validation/Revenue Official Receipt Details [if not filed with an Authorized Agent Bank (AAB)] Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/Bank Teller's Initial) For BIR BCS/ Use Only: Item: BIR Form No. 1702-RT January 2018 (ENCS) 1 For Page 1 Calendar Republic of the Philippines Department of Finance Bureau of Internal Revenue Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Enter all required information in CAPITAL LETTERS. Mark applicable boxes with an "X". Two copies MUST be filed with the BIR and one held by the taxpayer. 3 Amended Return? Fiscal ||| 4 Short Period Return? 5 Alphanumeric Tax Code (ATC) 1702-RT 01/18ENCS P1 2 Year Ended (MM/20YY) Yes No Yes No IC 055 /20 6 Taxpayer Identification Number (TIN) Part I Background Information │ │ 8 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS) Minimum Corporate Income Tax (MCIT) - 00000 7 RDO Code 9 Registered Address (Indicate complete address. If the registered address is different from the current address, go to the RDO to update registered address by using BIR Form No. 1905) 10 Date of Incorporation/Organization (MM/DD/YYYY) 12 Email Address 13 Method of Deductions 14 Tax Due (From Part IV Item 43) 9A ZIP Code 11 Contact Number Itemized Deductions [Section 34 (A-J), NIRC] Optional Standard Deduction (OSD) - 40% of Gross Income [Section 34(L) NIRC, as amended] Part II - Total Tax Payable (DONOT enter Centavos; 49 Centavos or Less dropdown; 50 or more round up) 15 Less: Total Tax Credits/Payments (From Part IV Item 55) 16 Net Tax Payable / (Overpayment) (Item 14 Less Item 15) (From Part IV Item 56) Add: Penalties 17 Surcharge 18 Interest 19 Compromise 20 Total Penalties (Sum of Items 17 to 19) 21 TOTAL AMOUNT PAYABLE / (Overpayment) (Sum of Items 16 and 20) If overpayment, mark one (1) box only. (Once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as tax credit for next year/quarter We dedare under the penalties of perjury that this return, and all its attachments, have been made in good faith, verified by us, and to the best of our knowledge and belief, are true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. (If signed by an Authorized Representative, indicate TIN and attach authorization letter) Signature over Printed Name of President/Principal Officer/Authorized Representative Signature over Printed Name of Treasurer/ Assistant Treasurer Title of Signatory TIN TIN Title of Signatory Particulars Drawee Bank/Agency Part III - Details of Payment Number Date (MM/DD/YYYY) Amount 23 Cash/Bank Debit Memo 24 Check 25 Tax Debit Memo 22 Number of Attachments 26 Others (specify below) Machine Validation/Revenue Official Receipt Details [if not filed with an Authorized Agent Bank (AAB)] Stamp of Receiving Office/AAB and Date of Receipt (RO's Signature/Bank Teller's Initial) BIR Form No. 1702-RT January 2018 (ENCS) Page 2 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) || 1702-RT 01/18ENCS P2 Registered Name 00000 Part IV Computation of Tax (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 27 Sales/Receipts/Revenues/Fees 28 Less: Sales Returns, Allowances and Discounts 29 Net Sales/Receipts/Revenues/Fees (Item 27 Less Item 28) 30 Less: Cost of Sales/Services 31 Gross Income from Operation (Item 29 Less Item 30) 32 Add: Other Taxable Income Not Subjected to Final Tax 33 Total Taxable Income (Sum of Items 31 and 32) Less: Deductions Allowable under Existing Law 34 Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 35 Special Allowable Itemized Deductions (From Part VI Schedule II Item 5) 36 NOLCO [Only for those taxable under Sec. 27 (A to C); Sec. 28(A)(1)(A)(6)(b) of the Tax Code, as amended] (From Part VI Schedule Ill Item 8) 37 Total Deductions (Sum of Items 34 to 36) OR [in case taxable under Sec 27(A) & 28(A)(1)] 38 Optional Standard Deduction (OSD) (40% of Item 33) 39 Net Taxable Income/(Loss) (If Itemized: Item 33 Less Item 37; If OSD: Item 33 Less Item 38) 40 Applicable Income Tax Rate 41 Income Tax Due other than Minimum Corporate Income Tax (MCIT) (Item 39 x Item 40) 42 MCIT Due (2% of Item 33) 43 Tax Due (Normal Income Tax Due in Item 41 OR the MCIT Due in Item 42, whichever is higher) (To Part II Item 14) Less: Tax Credits/Payments (attach proof) 44 Prior Year's Excess Credits other than MCIT 45 Income Tax Payment under MCIT from Previous Quarter/s 46 Income Tax Payment under Regular/Normal Rate from Previous Quarter/s 47 Excess MCIT Applied this Current Taxable Year (From Part VI Schedule IV Item 4) 48 Creditable Tax Withheld from Previous Quarter/s per BIR Form No. 2307 49 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter 50 Foreign Tax Credits, if applicable 51 Tax Paid in Return Previously Filed, if this is an Amended Return 52 Special Tax Credits (To Part V Item 58) 53 54 Other Tax Credits/Payments (specify) 55 Total Tax Credits/Payments (Sum of Items 44 to 54) (To Part II Item 15) 56 Net Tax Payable/(Overpayment) (Item 43 Less Item 55) (To Part II Item 16) Part V Tax Relief Availment 57 Special Allowable Itemized Deductions (Item 35 of Part IV x Applicable Income Tax Rate) 58 Add: Special Tax Credits (From Part IV Item 52) 59 Total Tax Relief Availment (Sum of Items 57 and 58) % BIR Form No. 1702-RT January 2018 (ENCS) Page 2 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) || 1702-RT 01/18ENCS P2 Registered Name 00000 Part IV Computation of Tax (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 27 Sales/Receipts/Revenues/Fees 28 Less: Sales Returns, Allowances and Discounts 29 Net Sales/Receipts/Revenues/Fees (Item 27 Less Item 28) 30 Less: Cost of Sales/Services 31 Gross Income from Operation (Item 29 Less Item 30) 32 Add: Other Taxable Income Not Subjected to Final Tax 33 Total Taxable Income (Sum of Items 31 and 32) Less: Deductions Allowable under Existing Law 34 Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 35 Special Allowable Itemized Deductions (From Part VI Schedule II Item 5) 36 NOLCO [Only for those taxable under Sec. 27 (A to C); Sec. 28(A)(1)(A)(6)(b) of the Tax Code, as amended] (From Part VI Schedule Ill Item 8) 37 Total Deductions (Sum of Items 34 to 36) OR [in case taxable under Sec 27(A) & 28(A)(1)] 38 Optional Standard Deduction (OSD) (40% of Item 33) 39 Net Taxable Income/(Loss) (If Itemized: Item 33 Less Item 37; If OSD: Item 33 Less Item 38) 40 Applicable Income Tax Rate 41 Income Tax Due other than Minimum Corporate Income Tax (MCIT) (Item 39 x Item 40) 42 MCIT Due (2% of Item 33) 43 Tax Due (Normal Income Tax Due in Item 41 OR the MCIT Due in Item 42, whichever is higher) (To Part II Item 14) Less: Tax Credits/Payments (attach proof) 44 Prior Year's Excess Credits other than MCIT 45 Income Tax Payment under MCIT from Previous Quarter/s 46 Income Tax Payment under Regular/Normal Rate from Previous Quarter/s 47 Excess MCIT Applied this Current Taxable Year (From Part VI Schedule IV Item 4) 48 Creditable Tax Withheld from Previous Quarter/s per BIR Form No. 2307 49 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter 50 Foreign Tax Credits, if applicable 51 Tax Paid in Return Previously Filed, if this is an Amended Return 52 Special Tax Credits (To Part V Item 58) 53 54 Other Tax Credits/Payments (specify) 55 Total Tax Credits/Payments (Sum of Items 44 to 54) (To Part II Item 15) 56 Net Tax Payable/(Overpayment) (Item 43 Less Item 55) (To Part II Item 16) Part V Tax Relief Availment 57 Special Allowable Itemized Deductions (Item 35 of Part IV x Applicable Income Tax Rate) 58 Add: Special Tax Credits (From Part IV Item 52) 59 Total Tax Relief Availment (Sum of Items 57 and 58) % BIR Form No. 1702-RT January 2018 (ENCS) Page 3 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN). Registered Name 0000 Part VI Schedules Schedule - Ordinary Allowable Itemized Deductions (attach additional sheet/s, if necessary) 1 Amortizations 2 Bad Debts 1702-RT 01/18ENCS P3 (DONOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 3 Charitable and Other Contributions 4 Depletion 5 Depreciation 6 Entertainment, Amusement and Recreation 7 Fringe Benefits 8 Interest 9 Losses 10 Pension Trusts 11 Rental 12 Research and Development 13 Salaries, Wages and Allowances 14 SSS, GSIS, Philhealth, HDMF and Other Contributions 15 Taxes and Licenses 16 Transportation and Travel 17 Others (Deductions Subject to Withholding Tax and Other Expenses) [Specify below; Add additional sheet(s), if necessary] a Janitorial and Messengerial Services b Professional Fees с Security Services d e f g h i 18 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 17i) (To Part IV Item 34) Schedule II - Special Allowable Itemized Deductions (attach additional sheet/s, if necessary) Legal Basis Description 1 2 3 4 5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 35) Amount BIR Form No. 1702-RT January 2018 (ENCS) Page 3 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN). Registered Name 0000 Part VI Schedules Schedule - Ordinary Allowable Itemized Deductions (attach additional sheet/s, if necessary) 1 Amortizations 2 Bad Debts 1702-RT 01/18ENCS P3 (DONOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) 3 Charitable and Other Contributions 4 Depletion 5 Depreciation 6 Entertainment, Amusement and Recreation 7 Fringe Benefits 8 Interest 9 Losses 10 Pension Trusts 11 Rental 12 Research and Development 13 Salaries, Wages and Allowances 14 SSS, GSIS, Philhealth, HDMF and Other Contributions 15 Taxes and Licenses 16 Transportation and Travel 17 Others (Deductions Subject to Withholding Tax and Other Expenses) [Specify below; Add additional sheet(s), if necessary] a Janitorial and Messengerial Services b Professional Fees с Security Services d e f g h i 18 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 17i) (To Part IV Item 34) Schedule II - Special Allowable Itemized Deductions (attach additional sheet/s, if necessary) Legal Basis Description 1 2 3 4 5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 35) Amount BIR Form No. 1702-RT January 2018 (ENCS) Page 4 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) 00000 Registered Name Schedule III - Computation of Net Operating Loss Carry Over (NOLCO) 1 Gross Income (From Part IV Item 33) 2 Less: Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 3 Net Operating Loss (Item 1 Less Item 2) (To Schedule IIIA, Item 7A) Schedule IIIA - Computation of Available Net Operating Loss Carry Over (NOLCO) Net Operating Loss Year Incurred 4 A) Amount |||| 1702-RT 01/18ENCS P4 (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) B) NOLCO Applied Previous Year/s 5 6 7 Continuation of Schedule IIIA (Item numbers continue from table above) 4 5 6 7 C) NOLCO Expired D) NOLCO Applied Current Year 8 Total NOLCO (Sum of Items 4D to 7D) (To Part IV, Item 36) Schedule IV - Computation of Minimum Corporate Income Tax (MCIT) Year A) Normal Income Tax as Adjusted 1 2 3 Continuation of Schedule IV (Item numbers continue from table above) 1 2 3 D) Excess MCIT Applied/ Used in Previous Years E) Net Operating Loss (Unapplied) [E A Less (B + C + D) ] B) MCIT C) Excess MCIT over Normal Income Tax E) Expired Portion of Excess MCIT F) Excess MCIT Applied this Current Taxable Year G) Balance of Excess MCIT Allowable as Tax Credit for Succeeding Year/s [G= C Less (D+E+F)] 4 Total Excess MCIT Applied (Sum of Items 1F to 3F) (To Part IV Item 47) Schedule V - Reconciliation of Net Income per Books Against Taxable Income (attach additional sheet/s, if necessary) 1 Net Income/(Loss) per Books Add: Non-Deductible Expenses/Taxable Other Income 2 3 4 Total (Sum of Items 1 to 3) Less: A) Non-Taxable Income and Income Subjected to Final Tax 5 6 B) Special Deductions 7 8 9 Total (Sum of Items 5 to 8) BIR Form No. 1702-RT January 2018 (ENCS) Page 4 Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Taxpayer Identification Number (TIN) 00000 Registered Name Schedule III - Computation of Net Operating Loss Carry Over (NOLCO) 1 Gross Income (From Part IV Item 33) 2 Less: Ordinary Allowable Itemized Deductions (From Part VI Schedule | Item 18) 3 Net Operating Loss (Item 1 Less Item 2) (To Schedule IIIA, Item 7A) Schedule IIIA - Computation of Available Net Operating Loss Carry Over (NOLCO) Net Operating Loss Year Incurred 4 A) Amount |||| 1702-RT 01/18ENCS P4 (DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up) B) NOLCO Applied Previous Year/s 5 6 7 Continuation of Schedule IIIA (Item numbers continue from table above) 4 5 6 7 C) NOLCO Expired D) NOLCO Applied Current Year 8 Total NOLCO (Sum of Items 4D to 7D) (To Part IV, Item 36) Schedule IV - Computation of Minimum Corporate Income Tax (MCIT) Year A) Normal Income Tax as Adjusted 1 2 3 Continuation of Schedule IV (Item numbers continue from table above) 1 2 3 D) Excess MCIT Applied/ Used in Previous Years E) Net Operating Loss (Unapplied) [E A Less (B + C + D) ] B) MCIT C) Excess MCIT over Normal Income Tax E) Expired Portion of Excess MCIT F) Excess MCIT Applied this Current Taxable Year G) Balance of Excess MCIT Allowable as Tax Credit for Succeeding Year/s [G= C Less (D+E+F)] 4 Total Excess MCIT Applied (Sum of Items 1F to 3F) (To Part IV Item 47) Schedule V - Reconciliation of Net Income per Books Against Taxable Income (attach additional sheet/s, if necessary) 1 Net Income/(Loss) per Books Add: Non-Deductible Expenses/Taxable Other Income 2 3 4 Total (Sum of Items 1 to 3) Less: A) Non-Taxable Income and Income Subjected to Final Tax 5 6 B) Special Deductions 7 8 9 Total (Sum of Items 5 to 8)

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Value Added Tax Return 1st Quarter 2021 1 SalesReceipts for the Quarter Exclusive of VAT Vatable Sal... View the full answer