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Annual Income Tax Return

This document is an annual income tax return form for Emerald Sales Center Corporation for the year ended 2010. It provides key financial information such as sales revenues, cost of sales, gross income, deductions, taxable income, income tax due, tax credits, and payments. The taxpayer, Emerald Sales Center Corporation, is engaged in the trading and lighting industry and has a registered address in Quezon City. It reports total gross income of ₱19,765,803 for 2010 and an income tax due of ₱973,917 after deducting tax credits and payments.

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Jojo Reyes
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133 views6 pages

Annual Income Tax Return

This document is an annual income tax return form for Emerald Sales Center Corporation for the year ended 2010. It provides key financial information such as sales revenues, cost of sales, gross income, deductions, taxable income, income tax due, tax credits, and payments. The taxpayer, Emerald Sales Center Corporation, is engaged in the trading and lighting industry and has a registered address in Quezon City. It reports total gross income of ₱19,765,803 for 2010 and an income tax due of ₱973,917 after deducting tax credits and payments.

Uploaded by

Jojo Reyes
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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(To be filled up by the BIR)

DLN: Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas For Corporations and Partnerships

BCS No.

PSIC:

Annual Income Tax Return


4 No. of sheets attached 5 ATC

October 2002 (ENCS)

1702

BIR Form No.

Fill in all applicable spaces. Mark all appropriate boxes with an X. 3 Amended Return? 1 For the Calendar Fiscal 2 Year Ended 1 2 2 0 1 0 ( MM / YYYY ) Yes Part I 6 TIN 9

Background 7

X No Information RDO Code 0 3

8 Line of Business/ Occupation

Trading / Lighting

Taxpayer's Name

EMERALD SALES CENTER CORPORATION


10 Registered Address

145 Biak-Na-Bato Street, Sta. Mesa heights, Quezon City


12B If yes, specify Date of Registration with BIR 13B 1 9 7 4 (MM/DD/YYYY) Computation of Tax EXEMPT Special Rate 14 No
B

11 Zip Code

12 Are you availing of tax relief under Special Law/ International Tax Treaty? 12A Yes 13 Date of Incorporation/Birth 13A 1 2 1 (MM/DD/YYYY) Part II 14 14 Sales/Revenues/Receipts/Fees (Sch.1) 15 Less: Cost of Sales/Services (Sch.2/3)
A

TAXABLE 14
C

Regular Rate

32,598,504 19,418,617 13,179,887 6,585,916 19,765,803 16,628,452 3,137,351


21B

15
A

15
B

15
C

16 16 Gross Income from Operation 17


A

16
B

16
C

17 Add: Non-Operating & Other Income A (Schedule 4) 18 18 Total Gross Income A 19 19 A Less: Deductions (Section D) 20 Taxable Income

17
B

17
C

18
B

18
C

19
B

19
C

20
A

20
B

21A 21 Tax Rate (except MCIT Rate).. 22A 22 Income Tax .. . .. 23A 23 Less: Share of Other Agencies (RA 7916/8748, etc) 24 Minimum Corporate Income Tax (MCIT)(Section B) 25 Tax Due 25A Tax on transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax whichever is higher).. 25B Less: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate (deductible only if the current year's tax due is the normal rate)(Section C).. 25C Balance (Item 25A less Item 25B).. 25D 25D Add: Tax Due to the BIR on transactions under Special Rate (22A less 23A). 26 26 Aggregate Income Tax Due (Sum of Items 25C and 25D). 27 Less: Tax Credits/Payments 27A 27A Prior Year's Excess Credits ........................................................................... 27B 27B Tax Payments for the First Three Quarters.. 27C 27C Creditable Tax Withheld for the First Three Quarters .. 27D 27D Creditable Tax Withheld Per BIR Form No. 2307 for the Fourth Quarter . 27E 27E Foreign Tax Credits, if applicable................................................ 27F 27F Tax Paid in Return Previously Filed, if this is an Amended Return............. 27G 27G Total Tax Credits/Payments (Sum of Items 27A to 27F) 28 28 Tax Payable/(Overpayment)(Item 26 less Item 27G)...................................... 29 Add: Penalties Surcharge 29A Interest 29B 29C Compromise 29D 22
B

32% 1,003,952

24 25A 25B 25C

1,003,952 9,597 343,266 621,055

973,917 30,035

30 Total Amount Payable/(Overpayment) (Sum of Items 28 & 29D)........................................ 30 If overpayment, mark one box only: (once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate To be carried over as tax credit next year/quarter Part III D e t a i l s of P a y m e n t Drawee Bank/ Date Particulars Agency Number MM DD YYYY Amount 31 31 Cash/Bank Debit Memo. 32A 32B 32C 32D 32 Check 33 Tax Debit Memo 34 Others
34A 33A 34B 33B 34C 33C 34D

Stamp of Receiving Office and Date of Receipt

Machine Validation/Revenue Official Receipt Details (If not filed with the bank)

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