The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 19-2020, which prescribes the use of the new BIR Form No. 1709, Information Return on Related Party Transactions (Domestic and/or Foreign), which replaces Form No. 1702H, Information Return on Transactions with Related Foreign Persons. The Regulations were published in Malaya Business Insight on 10 July 2020 a…