BIR Form 1701Q - Quarterly Income Tax Return
Guidelines and Instructions
Who Shall File
This return shall be filed in triplicate by the following individuals
An individual whose sole income has been subjected to final
Married individuals shall file a return for the taxable year to include the income of both spouses, computing separately their individual income tax based on their respective total taxable income. Where it is impracticable for the spouses to file one return, each spouse may file a separate return of income. If any income cannot be definitely attributed to or identified as income exclusively earned or realized by either of the spouses, the same shall be divided equally between the spouses for the purpose of determining their respective taxable income.
The income of unmarried minors derived from property received from a living parent shall be included in the return of the parent except (1) when the donorís tax has been paid on such property, or (2) when the transfer of such property is exempt from donorís tax.
If the taxpayer is unable to make his own return, the return may be
Compensation income need not be reported in the Quarterly Income
When and Where to File
The return of the taxpayers shall be filed as follows:
The income tax return shall be filed with any Authorized Agent Bank
(It is suggested, however, that the tax return be filed with the
appropriate collection agent of the Revenue District Office where the taxpayer
is required to register.)
When and Where to Pay
Upon filing of his return, the estimated tax due shall be paid to the Authorized Agent Bank (AAB) where the return is filed. In places where there are no AABs, payments shall be made directly to the Revenue Collection Officer or Duly Authorized City or Municipal Treasurer who shall issue Revenue Official Receipt (BIR Form 2524) therefore.
Where the return is filed with an AAB, the lower portion of the return must be properly machine-validated and stamped by the Authorized Agent Bank to serve as the receipt of payment. The machine validation shall reflect the date of payment, amount paid and transaction code, and the stamp mark shall show the name of the bank, branch code, tellerís name and tellerís
initial. The AAB shall also issue an official receipt or bank debit advice or credit document, whichever is applicable, as additional proof of payment.
The taxpayers specified above shall make and file a declaration of his estimated income for the current period from which he shall derive his estimated tax.
There shall be imposed and collected as part of the tax:
a.Failure to file any return and pay the amount of tax or installment due on or before the due date;
b.Unless otherwise authorized by the Commissioner, filing a return with a person or office other than those with whom it is required to be filed;
c.Failure to pay the full or part of the amount of tax shown on the return, or the full amount of tax due for which no return is required to be filed on or before the due date;
d. Failure to pay the deficiency tax within the time prescribed for its payment in the notice of assessment.
a. Willful neglect to file the return within the period prescribed by the Code or by rules and regulations; or
b. In case a false or fraudulent return is willfully made.
1.Certificate of Income Payments not Subject to Withholding Tax
(BIR Form 2304), if applicable;