The annual return
3 quick questions. Pick an answer to see why.
1. Kuting Kitchen's 2026 income tax is ₱129,600. It paid ₱79,200 on its three 1702Qs, and the marketplaces' 2307s for the year total ₱24,000. What's due with the annual return?
The annual return takes the year's tax and subtracts the quarterly payments and the year's 2307s: ₱129,600 − ₱79,200 − ₱24,000 = ₱26,400.
2. When is the annual return for a calendar year due?
The 15th day of the fourth month after the year ends: 15 April. The move to 15 May 2026 applied to 2025 returns only (RMC 30-2026).
3. Which annual return does an OPC like Kuting Kitchen file?
Companies taxed at the regular rate file the 1702-RT. The 1701 forms, including the simplified 1701-MS, are for individuals.