Form 1701

What is this form?

BIR Form 1701, commonly referred to as the Annual Income Tax Return for Self-Employed Individuals, Estates, and Trusts, serves as a comprehensive tax form that consolidates all financial activities conducted throughout the tax calendar year.

Who needs to file?

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.

When to file?

The deadline to enter all your transactions for Beppo is ten (10) calendar days after the quarter has closed.

Beppo implements an internal deadline for tax filing services which is different from the deadlines set by the Bureau of Internal Revenue (BIR). This is done to ensure that the filings and/or payments will be made on time.

Thus, the interval between the deadline of Beppo and the BIR is the time where we process your returns for your approval.

How to file?

It’s like having your own bookkeeper, but better! Beppo will keep you on the loop:

  • If you have zero tax dues, we will file your tax returns for you!
  • If you have a tax due, we will prepare your tax form for your review and you may simply approve the form and pay your taxes in the Beppo app.
  • Payment channels accepted for tax payments in Beppo – Credit Card, Maya, UnionBank. Coming Oct 1, 2023: BDO, BPI, Metrobank, RCBC, and Landbank