
BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.
This return needs to be filed by individuals listed below:
1. A resident who operates a business within (or not) in the Philippines.
2. A resident alien, or a non-resident citizen (or alien) operating a business in the Philippines
3. A trustee, guardian of a minor, estate administrator or individuals acting out as an administrator on behalf of a person whose operating a business.
1701 form needs to be filed on or before April 15th annually, and it should cover all those income from the previous tax year.
Just like any other tax form, you can e-file and e-pay forms for your clients using Juan Accounting.
If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Juan Accounting.
Pull the data directly from your accounting records, submit your taxes and make payment to the BIR, all on Juan.
