(Revenue Memorandum Circular No. 98-2020 issued on September 15, 2020)
This Tax Alert is issued to inform all concerned on the extended deadline of submission of Information Return on Related Party Transactions (BIR Form 1709) and its supporting documents for taxpayers with fiscal years ending March 31, 2020 to November 30, 2020. For the submission for calendar year ending December 31, 2020, the deadline shall be April 30, 2021.
Due to the continuing effects of COVID-19 pandemic, the submission of BIR Form 1709 and its required supporting documents as attachments to the Annual Income tax Return shall be extended as follows:

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