Executive summary

The Philippine Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 76-2020¹ (Circular) clarifying certain issues related to the filing of BIR Form No. 1709, the Related Party Transactions Form (RPT Form) and its attachments, as provided in Revenue Regulations (RR) No. 19-2020.

This Tax Alert summarizes the key issues addressed by the Circular.

Deta…