Skip to main content

Featured Post

RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: đź“ŤLOW INTEREST RATE đź“ŤLOAN AMOUNT UP TO 500,000 đź“Ť5 YEARS MAXIMUM LOAN TERM đź“ŤNO HIDDEN CHARGES đź“ŤNO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
Post a Comment

How to Download, Fill Out, and File BIR Form No. 1700: A Complete Guide for Individuals Earning Purely Compensation Income

If you're earning purely compensation income in the Philippines, you’ll need to file your annual income tax return using BIR Form No. 1700. This form is specifically for individuals whose income comes solely from employment, ensuring compliance with the Bureau of Internal Revenue (BIR) regulations. In this guide, we'll walk you through the steps on how to download, fill out, and file BIR Form No. 1700 efficiently to avoid penalties and ensure that your taxes are filed correctly.

đź“Ą Where to Download BIR Form No. 1700

To get started, you’ll need to download BIR Form No. 1700. The form is available directly from the BIR website. Here’s how:

  1. Go to the BIR Official Website: Visit www.bir.gov.ph.

  2. Navigate to Forms: Click on the “Forms” tab and select “Income Tax Return.”

  3. Select BIR Form No. 1700: Look for BIR Form No. 1700 - Annual Income Tax Return for Individuals Earning Purely Compensation Income.

  4. Download the PDF: Click the download link to get a copy of the form.

đź’ˇ Pro Tip: Always ensure you’re downloading the latest version of the form to avoid using outdated templates.

đź“ť Who Should File BIR Form No. 1700?

You are required to file BIR Form No. 1700 if:

✅ You are a resident citizen earning purely compensation income.
✅ You are a resident alien or non-resident citizen earning income from within the Philippines.
✅ You earned income from one or multiple employers during the taxable year.

❗️ Who is Exempt?

You do NOT need to file BIR Form No. 1700 if:

  • Your annual taxable income does not exceed ₱250,000.

  • Your income tax has been correctly withheld under Section 79 of the Tax Code.

  • You are a minimum wage earner or your income is subject to final withholding tax.

📆 When to File BIR Form No. 1700

The deadline for filing BIR Form No. 1700 is on or before April 15 of each year, covering the income earned during the preceding taxable year.

đź“ť Step-by-Step Guide to Filling Out BIR Form No. 1700

Once you’ve downloaded the form, follow these steps to fill it out:

✅ Part I – Background Information on Taxpayer/Filer

  1. TIN (Taxpayer Identification Number) – Input your 9-digit TIN.

  2. RDO Code – Indicate your Revenue District Office (RDO) code.

  3. Taxpayer Type – Choose between Employee (Regular Rates) or NRANETB (25% rate for Non-Resident Alien Not Engaged in Trade or Business).

  4. Name and Address – Enter your full name and registered address.

  5. Email Address and Contact Number – Provide your current email and contact number.

  6. Civil Status – Mark if you’re Single, Married, Legally Separated, or Widow/er.

  7. Filing Status – If married, specify whether you are filing jointly or separately.

✅ Part II – Background Information on Spouse (if applicable)

  • Provide your spouse’s details, including their TIN, RDO Code, name, and contact information.

✅ Part III – Total Tax Payable

  1. Tax Due – Calculate the total tax based on your gross compensation income.

  2. Less: Tax Credits/Payments – Deduct the total tax withheld and any other applicable payments.

  3. Net Tax Payable/Overpayment – Determine if you have a tax payable or an overpayment.

✅ Part IV – Details of Payment

  • Indicate your mode of payment (Cash, Bank Debit Memo, Check, Tax Debit Memo, etc.).

đź“Š Understanding Tax Computation: Graduated Rates vs. Flat Rate

BIR Form No. 1700 uses two types of tax computations:

🔹 Graduated Rates – Applicable to most taxpayers under the regular income tax system.
🔹 25% Flat Rate – Applicable only to Non-Resident Aliens Not Engaged in Trade or Business (NRANETB).

đź“š Updated Tax Rates (Effective January 1, 2023)

  • ₱250,000 and below – 0%

  • Over ₱250,000 but not over ₱400,000 – 15% of the excess over ₱250,000

  • Over ₱400,000 but not over ₱800,000 – ₱22,500 + 20% of the excess over ₱400,000

  • Over ₱800,000 but not over ₱2,000,000 – ₱102,500 + 25% of the excess over ₱800,000

  • Over ₱2,000,000 but not over ₱8,000,000 – ₱402,500 + 30% of the excess over ₱2,000,000

  • Over ₱8,000,000 – ₱2,202,500 + 35% of the excess over ₱8,000,000

đź“š Required Attachments for Filing

When filing BIR Form No. 1700, make sure to attach the following documents:

  • BIR Form 2316 – Certificate of Compensation Payment/Tax Withheld.

  • Any supporting documents for additional income, foreign tax credits, or amended returns (if applicable).

🚀 How to File BIR Form No. 1700

Once you have completed and reviewed your form, you can file through the following channels:

  1. eFPS (Electronic Filing and Payment System) – Ideal for large taxpayers or those mandated to use electronic filing.

  2. eBIRForms – Suitable for taxpayers who prefer to download and fill out the form offline before submitting it online.

  3. Manual Filing – Submit three (3) copies of the form to the BIR office or an Authorized Agent Bank (AAB).

⚠️ Penalties for Late Filing or Non-Compliance

Failure to file on time or provide accurate information may result in:

  • Surcharge: 25% of the tax due.

  • Interest: 12% per annum on unpaid tax.

  • Compromise Penalty: Based on the amount of unpaid tax.

🎯 Final Thoughts

Filing BIR Form No. 1700 correctly ensures compliance and helps avoid unnecessary penalties. Remember to download the latest version of the form, compute your taxes accurately, and file on time.

For further guidance or updates, you can visit the BIR website or consult with a tax professional.

Happy filing! 🎉

Comments

Post a Comment

Popular posts from this blog

BDO NETWORK BANK LOAN TABLE FOR TEACHERS (5 YEARS)

5-Year Term BDO Network Bank Loan Table For DepEd Teachers Another bank is willing to lend our dear teachers in the Department of Education an amount with a reasonable interest rates. The BDO Network Bank offers permanent teachers in DepEd a loan which is paid through Automatic Payroll Deduction System or APDS. How to apply for a Teacher's Loan? Simply visit the nearest BDO Network Bank Branch or Loan Officer and bring the following requirements: Original copy of the latest three (3) months payslips One (1) 1x1 ID picture and two (2) valid government-issued IDs Photocopy of the Letter of Appointment with original copy as presented to BDO Network personnel GSIS Index Practical and Affordable Loan up to P750,000 and enjoy low interest rate through APDS, for maximum loan term of 5 years. No late payment charges, no notarial fee, no pre-termination fee and no co-maker required Includes FREE Credit Life Insurance What is BDO Network Bank? BDO Network Bank (commonly known as BDO NB, fo...
Post a Comment
Read more

Here are the Submission Links and CRLA, RMA Assessment Tools

The Department of Education (DepEd) is kicking off the new school year with a focus on ensuring every child in Grades 1-3 gets the support they need to succeed. This exciting initiative involves the administration of the Rapid Mathematics Assessment (RMA) and the Comprehensive Literacy Assessment (CRLA) . Why are these assessments important? Early Identification: Identifying areas where students might need extra help allows teachers to tailor interventions early on, maximizing their learning potential. Targeted Support: The insights from these assessments will pinpoint specific skill gaps and pave the way for targeted support programs. No learner gets left behind! Championing Equity: Data gathered will provide a nationwide picture of student performance. This allows DepEd to focus resources and support on areas that need it most, promoting educational equity across the Philippines. When and How will the Assessments Take Place? Timeline: Assessments will be conducted nationwide bet...
Post a Comment
Read more

Free Download Editable DTR or Civil Service Form No. 48

For employees in both government and private sectors, keeping track of attendance and work hours is an essential administrative task. The Daily Time Record (DTR) or Civil Service Form No. 48 is a crucial document used to record an employee's daily work hours and absences. In an effort to streamline this process and assist hardworking professionals, we are pleased to offer a hassle-free solution. In this blog post, we provide a downloadable and editable DTR form that will simplify your record-keeping tasks, ultimately saving you valuable time and effort. Download this offline editable DTR. Download it first to edit.  ( To download this editable DTR, simply click the link above and when it opens in another window to show the DTR online format, click file at the upper left corner and click download on the drop down menu, then choose Microsoft Excel format ) Why is the DTR Form Important? The DTR form serves as an official record of an employee's attendance, leave credits, tardine...
Post a Comment
Read more

Understanding Grade Transmutation in DepEd

Understanding Grade Transmutation in DepEd In the Philippine education system, grade transmutation is the process of converting raw scores into equivalent grades. This ensures consistency and fairness when assessing student performance. DepEd follows specific guidelines for transmuting grades, allowing educators to evaluate students objectively. How Does Grade Transmutation Work? Initial Grades : Students receive raw scores (usually out of 100) for their assessments, exams, and projects. These initial grades serve as the basis for transmutation. Transmuted Grades : To convert initial grades into transmuted grades, DepEd uses a predefined scale. Let’s take a closer look at the scale: Table Initial Grade Range Transmuted Grade 100 100 98.40 – 99.99 99 96.80 – 98.39 98 … … 68.00 – 69.59 80 Below 68.00 60 Interpreting the Scale : For example, if a student scores between 98.40 and 99.99, their transmuted grade will be 99. Similarly, an initial grade of 85.60 – 87.19 corresponds to a transm...
Post a Comment
Read more

Download CRLA Tool Here for Free

What is the CRLA tool of DepEd and why is it important? The Comprehensive Rapid Literacy Assessment (CRLA) is a pioneering initiative by the Department of Education (DepEd) in the Philippines to bridge the gap in literacy skills across diverse linguistic backgrounds. The assessment is tailored for different grade levels, including Grade 1, Grade 2, and Grade 3. It aims to gauge students' reading skills and proficiency in their mother tongue (MT), Filipino, and English languages. Download here National BoSY CRLA Rollout The CRLA was developed in response to the extended break that learners experienced over the summer of 2020 due to the pandemic. After 32 weeks of no class, teachers needed a rapid, easy to use tool, to determine what level of readiness and support the returning children needed. The CRLA was also designed to be administered remotely (online or even over the phone) which proved critical for schooling in the new normal where face to face classes were not permitted. Th...
Post a Comment
Read more