When is the annual income tax return due in 2027?

For calendar-year taxpayers, the annual income tax return covering 2026 is due on April 15, 2027, which falls on a Thursday. Check BIR advisories for any extension before relying on a different date.

Which BIR form should a self-employed individual use for the annual income tax return?

Form 1701A is for individuals earning purely from business or profession who use graduated rates with the optional standard deduction, or the 8% rate. Form 1701 is for mixed-income earners and those using itemized deductions. Form 1701-MS is available to qualified micro and small taxpayers. Corporations use Form 1702-RT, 1702-EX, or 1702-MX.

Can I pay my annual income tax in installments?

Individuals whose income tax due exceeds PHP 2,000 may pay in two equal installments under Section 56 of the Tax Code: the first when the return is filed, and the second on or before October 15 of the same year.

Where can I file and pay my annual income tax return?

Under the Ease of Paying Taxes Act, returns can be filed with any authorized agent bank, any Revenue District Office through a Revenue Collection Officer, or an authorized tax software provider, instead of only where you are registered. Electronic filing through BIR platforms such as eBIRForms or eFPS is also available.

What is the penalty for filing the annual income tax return late?

Late filing and payment generally add a 25% surcharge on the tax due, plus interest. Under the Ease of Paying Taxes Act, micro and small taxpayers pay a reduced 10% surcharge and 50% less interest. Compromise penalties may also apply.

Annual ITR 2027: BIR Forms, Rates and April 15 Deadline

Your annual income tax return for 2026 is due on April 15, 2027, a Thursday. If you’re an individual in business, you’ll file Form 1701, 1701A, or 1701-MS, depending on your income and tax regime. Corporations file Form 1702-RT, 1702-EX, or 1702-MX. Individuals who owe more than PHP 2,000 can pay in two halves, with the second due October 15.

Filling in the form doesn’t take long. What takes time is everything before it: reconciling a year of sales, chasing withholding certificates, and closing your books. That’s the part worth starting now.

Which form is yours

These descriptions follow the BIR’s income tax return forms page:

See your own due dates in the free BIR filing calendar

Form	Who files it
1701A	Individuals earning purely from business or profession, on graduated rates with the optional standard deduction (OSD), or on the 8% rate
1701	Individuals with mixed income (salary plus business), individuals using itemized deductions, and estates and trusts
1701-MS	Qualified individuals classified as micro or small taxpayers
1702-RT	Corporations and partnerships on the regular income tax rate
1702-EX	Corporations exempt from income tax
1702-MX	Corporations with income taxed at different rates

One catch with 1701-MS: if you have two or more business activities, tax regimes, or rates, the form tells you to use 1701 instead. Our 1701-MS guide explains who qualifies.

The graduated tax table

Individuals on graduated rates use this table for 2023 onward, under the TRAIN Law:

Annual taxable income	Income tax
PHP 250,000 or less	0%
Over PHP 250,000 to PHP 400,000	15% of the excess over PHP 250,000
Over PHP 400,000 to PHP 800,000	PHP 22,500 + 20% of the excess over PHP 400,000
Over PHP 800,000 to PHP 2,000,000	PHP 102,500 + 25% of the excess over PHP 800,000
Over PHP 2,000,000 to PHP 8,000,000	PHP 402,500 + 30% of the excess over PHP 2,000,000
Over PHP 8,000,000	PHP 2,202,500 + 35% of the excess over PHP 8,000,000

On the 8% option for 2026? Then your annual tax is 8% of gross sales or receipts and other non-operating income above PHP 250,000. Mixed-income earners don’t get the PHP 250,000 deduction. Our 8% income tax guide has the details.

Where you can file

You no longer have to file where you’re registered. The Ease of Paying Taxes (EOPT) Act changed the Tax Code so you can file with:

Any authorized agent bank
Any Revenue District Office, through its Revenue Collection Officer
An authorized tax software provider

You can also file online through eBIRForms or eFPS, whichever your registration calls for. Either way, save the filing confirmation and proof of payment.

Paying in two installments

Section 56 of the Tax Code lets individuals who owe more than PHP 2,000 split the bill into two equal payments:

Installment	Due date for taxable year 2026
First	When you file, by April 15, 2027
Second	On or before October 15, 2027 (Friday)

This is for individuals only. Corporations pay the full amount when they file.

What goes with the return

Depending on your situation, you may need:

Audited financial statements, if your gross annual sales, earnings, receipts, or output went over PHP 3,000,000, since Section 232 of the Tax Code then requires a yearly audit by an independent CPA
BIR Form 2307 certificates from clients who withheld tax from what they paid you
Proof of quarterly payments made through Form 1701Q or 1702Q
Any other schedules the form lists for your type of business

Form 2307s are often the slowest piece, because you depend on clients to send them. Ask for any missing certificates in January.

What filing late costs

Since the EOPT Act, penalties depend on your taxpayer classification:

Charge	Medium and large taxpayers	Micro and small taxpayers
Surcharge for late filing or payment	25% of the tax due	10% of the tax due
Interest under Section 249	12% a year, double the legal interest rate	Half the regular rate

The BIR counts you as a micro taxpayer if your gross sales are below PHP 3,000,000, and a small taxpayer from PHP 3,000,000 up to just under PHP 20,000,000. Compromise penalties may be added on top.

Working backward from April 15

When	What to do
December	Catch up on your books and decide which form you’ll use
January	Register loose-leaf or computerized books, file fourth-quarter returns, and request missing Form 2307s
February	Reconcile full-year sales, expenses, and withholding against your books and quarterly returns
March	Finish audited financial statements if you need them, and prepare the return
By April 15	File and pay, or pay the first installment

January is also when your business permit renewal and books of accounts registration fall due, so the earlier you start, the easier that month gets.

Mistakes worth avoiding

Picking the wrong form. Mixed-income earners can’t use 1701A, and taxpayers with several activities or rates shouldn’t use 1701-MS.

Leaving out quarterly payments and withholding. The annual return credits what you already paid each quarter and what clients withheld. Skip them and you’ll overstate what you owe.

Telling the BIR and the LGU different numbers. Your LGU bases local business tax on the gross sales you declare and may check it against your income tax return. Use the same figures for both.

Filing in the last week. BIR systems and bank lines are at their busiest right before April 15. Filing early gives you room to fix mistakes.

Before you file

Confirm the right form for your income and tax regime.
Reconcile full-year sales and expenses against your books.
Collect every Form 2307 and quarterly payment record.
Check whether you need audited financial statements.
File and pay by April 15, 2027, through an authorized channel.

Tamoogi keeps the annual return, its supporting documents, and each quarterly filing together for every business, with April 15 on the same calendar as everything else. Computing and filing the return is still done by you or your accountant.

Create a Tamoogi account

This article is general information, not tax advice. Rates, forms, and deadlines can change. Confirm your filing requirements with the BIR or a qualified tax professional.

Annual Income Tax Return 2027: Forms, Rates, and the April 15 Deadline