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BIR Form No.

Republika ng Pilipinas Quarterly Income
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas
Tax Return 1702Q
July 2008(ENCS)
For Corporations, Partnerships and Other Non-Individual Taxpayers
1 For the Calendar Fiscal 3 Quarter 4 Amended Return? 5 No. of Sheets Attached
1st 2nd 3rd
2 Year Ended (MM/YYYY) Yes No 0
12 - December 2020
Part I Background Information
7 RDO Code 21A Line of
6 TIN 005 310 122 000 8 Business/Occupation REAL%252525252520ESTATE
9 Taxpayer's Name 10 Telephone Number
TIPCO ESTATES CORPORATION 8929781
11 Registered Address
TECO SPECIAL ECONOMIC ZONE BO BUNDAGUL PAMPANGA
12 Zip Code 13 Method of Deduction
2010 Itemized Deduction 40% Optional Standard Deduction

14 Are you availing of tax relief under Special Law or International Tax Treaty? 15 ATC
Yes No If yes, specify IC010
Part II Computation of Tax
Declaration This Quarter EXEMPT TAXABLE
Special Rate Regular Rate

16Sales/Revenues/Receipts/Fees 16A 0.00 16B 18,159,051.73 16C 8,338,548.84

17 Less: Cost of Sales/Services 17A 0.00 17B 12,348,199.23 17C 7,034,470.19
18 Gross Income 18A 0.00 18B 5,810,852.50 18C 1,304,078.65
19 Add : Other Non-Operating and Taxable Income 19A 0.00 19B 0.00
20Total Gross Income 20A 0.00 20B 5,810,852.50 20C 1,304,078.65
21 Less : Deductions 21A 0.00 21B 0.00 21C 3,930,000.13
22 Taxable Income This Quarter 22A 5,810,852.50 22B -2,625,921.48
23 Add : Taxable Income from Previous Quarter(s) 23A 0.00 23B 0.00
24 Total Taxable Income to Date 24A 5,810,852.50 24B -2,625,921.48
25 Tax Rate (Except MCIT Rate) 25A 5.00 % 25B 30.00 %
26 Income Tax (Other Than MCIT) 26A 290,542.63 26B 0
27 Less: Share of Other Agencies (RA 7916 / 8748 etc.) 27 116,217.05
28 Minimum Corporate Income Tax (MCIT) (see Schedule 1)
1 28 26,081.57
29 Tax Due
Tax on transactions under Regular Rate (Normal Income Tax or Minimum Corporate Income Tax
29Awhichever is higher) 29A 26,081.57
29BLess: Unexpired Excess of Prior Year's MCIT over Normal Income Tax Rate
(deductible only if the quarterly's tax due is the normal rate) 29B 0
29CBalance (Item 29A less Item 29B) 29C 26,081.57
29D Add: Tax Due to the BIR on transactions under 29D 174,325.58
Special Rate (26A less 27)
30 Aggregate Income Tax Due (Sum of Items 29C and 29D) 30 200,407.15
31 Less: Tax Credits/Payments

31A Prior Year's Excess Credits - Taxes Withheld 31A 0.00

31B Tax Payment(s) for the Previous Quarter(s) of the same taxable year other than MCIT 31B 0.00
31C MCIT Payment(s) for the Previous Quarter(s) of the same taxable year 31C 0.00
31D Creditable Tax Withheld for the Previous Quarter(s) 31D 0.00
31E Creditable Tax Withheld Per BIR Form No. 2307 for this Quarter 31E 54,835.73
31F Tax Paid in Return Previously Filed, if this is an Amended Return 31F 0.00
31GOthers, please specify 31G 0.00
31H Total Tax Credits/Payments (Sum of Items 31A to 31G) 31H 54,835.73
32 Tax Payable/(Overpayment) (Item 30 less Item 31H) 32 145,571.42
33 Add: Penalties
Surcharge Interest Compromise

33A 0.00 33B 0.00 33C 0.00 33D 0.00

34Total Amount Payable (Overpayment) (Sum of Items 32 and 33D) 34 145,571.42
We declare, under the penalties of perjury, that this return has been made in good faith, verified by us, and to the best of our knowledge and belief,
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.

35A________________________________________________________________________ 35B___________________________________
President/Vice President/Principal Officer/Accredited Tax Agent/ Treasurer/Assistant Treasurer

Thursday, May 28, 2020

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(Signature Over Printed Name) (Signature Over Printed Name)

______________________________________ ______________________________________ ______________________________________
Title/Position of Signatory TIN of Signatory Title/Position of Signatory
______________________________________ ________________ ________________ ______________________________________
Tax Agent Acc. No./Atty's Roll No. (if applicable) Date of Issuance Date of Expiry TIN of Signatory

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

Thursday, May 28, 2020

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Schedule 1 Computation of Minimum Corporate Income Tax (MCIT) for the Quarter(s)
1st Quarter 2nd Quarter 3rd Quarter Total
Total Gross Income (except Gross Income
Taxable under Special Rate) for MCIT 1,304,078.65 0.00 0.00 1,304,078.65
Tax Rate 2%
Minimum Corporate Income Tax (to Item 28) 26,081.57

Thursday, May 28, 2020