This is a step-by-step tutorial on how to fill-out BIR Form 1700 or the Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)
Description
This return shall be filed by every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines, except the following:
1. An individual whose taxable income does not exceed P 250,000.00;
2. An individual with respect to pure compensation income, as defined in Section 32(A)(1) derived from sources within the Philippines, the income tax on which has been correctly withheld (tax due equals tax withheld) under the provisions of Section 79 of the Code: Provided, that an individual deriving compensation concurrently from two or more employers at any time during the taxable year shall file an income tax return;
3. An individual whose sole income has been subjected to final withholding tax pursuant to Section 57(A) of the Tax Code; and
4. A minimum wage earner as defined in Section 22(HH) of the Tax Code or an individual who is exempt from income tax pursuant to the provisions of the Tax Code and other laws, general or special.
Filing Date
This return is filed on or before April 15 of each year covering income for the preceding taxable year.
Music Source
Title: Uplifting Ambient Music
Artist: 2B Studio
Licenses: Elite Alliance Music; Epic Elite (Music Publishing), and 2 Music Rights Societies
![](https://s2.save4k.ru/pic/pmDOxs56VKg/maxresdefault.jpg)