RMC 98-20: Extension of BIR Form 1709

By: Hergie Ann De Guzman, CPA

Bureau of Internal Revenue (BIR) issued on September 15, 2020 Revenue Memorandum Circular (RMC) No. 98-2020 to extend the deadline for compliance of the filing of BIR Form 1709 or the Related Party Transaction (RPT) Form, together with its attachments. The compliance is hereby extended as follows:

Fiscal Year End	Extended Deadline
For Fiscal Year Ending March 31, 2020 and April 30, 2020	December 29, 2020
For Fiscal Year Ending May 31, 2020 and June 30, 2020	January 31, 2021
For Fiscal Year Ending July 31, 2020 and August 31, 2020	March 1, 2021
For Fiscal Year Ending September 30, 2020 and October 31	March 31, 2021
For Fiscal Year Ending November 30, 2020 and Calendar Year Ending December 31, 2020	April 30, 2021

To know more about BIR Form 1709 compliance, you may check our previous articles as follows:

Revenue Regulations No. 19-2020: Use of BIR Form 1709 of Information Return on Related Party Transactions

RMC No. 76-2020: Clarifications on the Filing of of BIR Form 1709

Read Full Text of RMC 98-2020.

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