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BIR Form 1709 Submission Guidelines

This document is a Revenue Memorandum Circular from the Bureau of Internal Revenue of the Philippines amending RMC No. 76-2020 to include the submission of BIR Form No. 1709 (Information Return on Transactions with Related Party) through the electronic Audit Financial Statement (eAFS) System. It provides guidance that taxpayers enumerated under Section 2 of Revenue Regulations No. 34-2020 now have the option to file the Related Party Transaction form either manually at their Revenue District Office or electronically through the eAFS System. It also outlines the deadlines for submission, whether filing manually or electronically, which is within 15 days from the statutory due date of filing the Annual Income Tax Return. This Circular takes effect immediately

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316 views2 pages

BIR Form 1709 Submission Guidelines

This document is a Revenue Memorandum Circular from the Bureau of Internal Revenue of the Philippines amending RMC No. 76-2020 to include the submission of BIR Form No. 1709 (Information Return on Transactions with Related Party) through the electronic Audit Financial Statement (eAFS) System. It provides guidance that taxpayers enumerated under Section 2 of Revenue Regulations No. 34-2020 now have the option to file the Related Party Transaction form either manually at their Revenue District Office or electronically through the eAFS System. It also outlines the deadlines for submission, whether filing manually or electronically, which is within 15 days from the statutory due date of filing the Annual Income Tax Return. This Circular takes effect immediately

Uploaded by

Dessere Ann Ancheta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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AU OI- IN TERNAL REVENUE

REPUBLIC OF THE PHILIPPINES


DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE

l1-::1.1
Quezon City DS MG VISION

March 3l ,2021

REvENUE MEMoRANDUM CIRCULAR No. 1+. }OA I


SUBJECT : Amending Revenue Memorandum Circular (RMC) No.76-2020 to Include
Submission of BIR Form No. 1709 (Information Return on Transactions
with Related Party Thru the electronic Audit Financial Statement (eAFS)
System
TO : All Internal Revenue Officials, Employees and Others Concerned

For the guidance of all concerned, this eCircular is issued to amend pertinent provisions
of RMC 76-2020 to include submission of BIR Form 1709 through the eAFS System, to read
as follows:

Q6. What is the manner of filing of the RPT Form by the taxpayers enumerated under
Section 2 of Revenue Regulations (RR) No. 34-2020 dated December 18,2020?

The RPT shall be filed. at the option of the taxpavers enumerated under Section 2
of RR No. 34-2020. either at the RDO where the taxnaver is registered. or
electronically through the eAFS Svstem.

Q7. When is the deadline for submission of RPT Form?

For manual filers who opt to submit manuallv. the RPT Form must be submitted
tosether with the AITR and other required attachments at the Larse Taxpayers
(LT) Division/Revenue District Office (RDO) where the taxpaver is registered. if
without tax oavable. within fifteen (15) davs from the statutorv due date of filing
the AITR or electronic date of filine of the AITR. whichever comes later: or
throush the Authorized Asent Banks (AAB). if with tax navable. on or before the
statutory due date of filing the AITR.

For electronic filers who opt to submit manuallv. the hard conv of RPT Form must
be submitted and stamped "Received'o at the LT Division/RDO where the
taxnayer is registered, within fifteen (15) days from the statutorv due date of filing
the AITR or electronic date of filins of the AITR whichever comes later.
For taxpavers who opt to submit electronicallv through the eAFS Svstem.
regardless if manual or electronic filers. the email confirmation with a system
generated Transaction Ref.erence Number shall serve as proof of submission in
Iieu of the stamped "Received" at the LT Division/RDO had it been filed manuallv
in the LT Division/RDO where the taxnayer is resistered. Submission must be
made within fifteen (15) davs from the statutorv due date of filins the AITR or
electronic date of filing of the AITR. whichever comes later.

This Circular shall take effect immediately.

All internal revenue officials, employees, and others concerned are hereby enjoined to
give this Circular as wide a publicity as possible.

-zrfa*n*'f"
CAESAR DULAY
R.
Commissioner of Internal Revenue
: 0 41 Sg I
BUHbAU OI' IN !.ERNAI- ITHVENUL
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ltx*Hf"TUJU/
R,:-()l)qDS MGT. DTVISION

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