I. Set-up
Make sure you set up your organization as a NON-INDIVIDUAL
Generating the 1702Q Report
Follow these steps to create a report:
Step 1: 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
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, and 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
IF YOU HAVE ADDED THE 2307 CERTIFICATE, FOLLOW THESE STEPS:
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 THE 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
Check out this article for a step-by-step guide on filing taxes with Plus.
VII. Paying 1702Q Returns
Follow the instructions in this article to pay your filed tax return in JuanTax.
