BIR requires peso rounding (0.50 and above round up). Use: =ROUND(computation,0) on all final tax amounts.
Functionally yes, as long as formulas mirror Excel. However, Google Sheets may handle rounding and data validation differently. Test thoroughly. Never use it for final filing if offline access is required. bir form 1702 rt version 2018 excel format
Yes, as a supporting schedule, but only if accompanied by the official BIR form (printed from eBIRForms). You cannot submit standalone Excel printouts as the tax return. BIR requires peso rounding (0
Only if you are filing an amended return for a tax year covered by 2018 rules (e.g., 2018, 2019, 2020, or FY starting in 2020). For current year filing, use the latest BIR form version. However, Google Sheets may handle rounding and data
| Rule | Excel Implementation | |------|----------------------| | For corporations with gross sales ≤ PHP 10M are subject to 30% RCIT but MCIT applies only if there is gross income. | IF(AND(GrossSales<=10000000, GrossIncome>0), MIN(Line9, Line12), Line9) | | MCIT = 2% of Gross Income (Line 5) | =Line5 * 0.02 | | If MCIT > RCIT, MCIT is payable. | =MAX(RCIT, MCIT) | | Allowable deductions cannot exceed Gross Income. | Data validation: Deductions <= Gross Income | | Tax credits cannot exceed Tax Due. | Conditional formatting alert |