Philippines clarifies certain issues related to filing of transfer pricing information return

29 October 2020|Tax Alerts, National/Federal Taxation, Transfer Pricing|Philippines

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.

Detailed discussion

The key highlights of the Circular are summarized below:

Objective, covered taxpayers,…

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