I. Set-up

Make sure you set-up your organization as a NON-INDIVIDUAL

  1. Generating the 1702Q Report

Follow these steps to create a report:

Step1: Go to Dashboard >  Click Tax Forms > Click Income Tax Return > Click (+) Generate      Report 

Step 2: A Dialogue box will appear warning you that you’ll be generating a billable form, Click on Accept and Continue 

Step 3: Enter the Taxable year and Quarter, Click Generate 

II. Exploring Input Summary

  1. Background Information 
  • Everything in this section must be completed to continue to the other sections

a. Method of Deduction

  • Choose between Itemized Deduction or 40% Optional Standard Deduction, Click Save

b. Tax Treaty

  • If you choose “YES”, you need to specify if your tax treaty works under Special Law or International Tax Treaty. Then click Save

c. Alpha Numeric Tax Code 

  • Select your chosen tax code, click save

d. Registration Date

  • Enter your registration date, Click Save

2.  Sales / Revenues / Receipts / Fees

  • There are 3 different tabs: Exempt, Taxable-Special Rate, Taxable Regular Rate

Step 1: Click on the appropriate tab depending on the nature of your business, Click (+) to Add a Transaction

Step 2: Enter all the necessary information needed

Step 3: Click on Save Changes > Return to Input Summary


3 & 4 & 5

Note: They all have the same process to add a transaction

3. Cost of Sales / Services

4.  Other Non-Operating and Taxable Income

5. Deductions

  • In these sections, you will find 2 category tabs:
  • Under those 2 category tabs are 3 different tabs: Exempt, Taxable-Special Rate, Taxable Regular Rate.
  • There is no difference between the 2 with adding transactions

Step 1: Click on whichever tab you want, then click (+) to Add Transaction

Step 2: Enter all the necessary information needed

Step 3: Click Save and Return to Input Summary


6. Net Operating Loss Carry-Over

Step 1: Enter Amount

Step 2: Click Save and Return to Input Summary


7. Tax Rate (Except MCIT Rate)

Step 1: Enter Amount

Step 2: Click Save and Return to Input Summary


8. Share of other Agencies

Step 1: Click (+) to Add Transaction

Step 2: Fill out the necessary information

Step 3: Click Save and Return to Input Summary


9. Unexpired Excess of Prior Year MCIT over Normal Income Tax Rate

Step 1: Click (+) to Add Transaction

Step 2: Fill out the necessary information

Step 3: Click Save and Return to Input Summary


10. Prior Year Excess Credits- Taxes Withheld

Step 1: Click (+) to Add Transaction

Step 2: Fill out the necessary information

Step 3: Click Save and Return to Input Summary


11. Creditable Tax Withheld per BIR Form No. 2307 for this quarter

FOLLOW THESE STEPS IF YOU HAVE ADDED 2307 CERTIFICATE:

Step 1: Add Transaction

Step 2: Select which one you want to apply 

Step 3: Click Apply and Return to Input Summary

IF YOU HAVEN'T ADDED 2307 CERTIFICATE FOLLOW THESE STEPS:

Step 1: Go to Dashboard > Tax Forms > Creditable Certificate

Step 2: Make sure you are on the 2307 Tab > Click Create Transaction

Step 3: Enter the needed information > Click Done

Step 4: Go back to Dashboard > Tax Forms > Income Tax Return > 1702Q Tab

Step 5: Click on the Tax Report you are working on > Go to Creditable Tax Withheld per BIR form No. 2307 for this quarter

Step 6: Click on Add Transaction

Step 7: Select the Form No. 2307 that you just created > Apply


12.  Tax Paid in Return Previously Filed, if this is an Amended Return

  • If you have taxes paid from your previously amended return, then it also needs to be included in your 1702Q form


13. Others

Step 1: Add Transaction

Step 2:  Enter all the needed information

Step 3: Click Save and Return to Input Summary


14. Penalties

Step 1:  Click the Compute Penalty button for it to calculate your Surcharge, Interest, and Compromise, based on the numbers that you provided in your form

Step 2:  Click Save and Return to Input Summary


15. Signatory Information

  • Fill out all the necessary information needed > Save Changes


IV. Preview of the Report

You can also access a preview of the actual report by clicking on the Report tab next to Input Summary.

V. Notes and Activity

  • To see the audit trail of activities made within the report, all you need to do is to click the Notes & Activity tab.

VI. Filing the Report

  • Simply file your report by following the guidelines mentioned in this article through our Help site.


VII. Paying 1702Q Returns

  • Follow the steps in this article for you be to able to pay your filed tax return in JuanTax.
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