Form 1701A–Use this form if you are earning purely business income or income from your profession. This is a new form released by the BIR for those who chose the Optional Standard Deduction Method (OSD) or opted in for 8% GRT in the previous year. You can also refer to this handy f...
The new BIR Form 1701A was introduced since the launch of TRAIN Law. You must file this form if you are aprofessionalor purely engaged in a business subject tograduated tax ratesand if you are claiming forOptional Standard Deduction(OSD) as a mode of deduction; or if you are availing th...