REVENUE MEMORANDUM CIRCULAR NO. 44-2021 issued on March 31, 2021 amends Revenue Memorandum Circular No. 76-2020 to include the submission of BIR Form No. 1709 (Information Return on Transactions with Related Party) thru the electronic Audit Financial Statement (eAFS) System
    The Related Party Transactions (RPT) Form shall be filed at the option of the taxpayers enumerated under Section 2 of Revenue Regulations No. 34-2020, either at the Revenue District Office (RDO) where the taxpayer is registered or electronically through the eAFS System
        For manual filers who opt to submit manually, the RPT Form must be submitted together with the Annual Income Tax Return (AITR)and other required attachments at the Large Taxpayers (LT) Division/RDO where the taxpayer is registered, if without tax payable, within fifteen (15) days from the statutory due date of filing the AITR or electronic date of filing of the AITR, whichever comes later; or through the Authorized Agent Banks (AAB), if with tax payable, on or before the statutory due date of filing the AITR.
      For electronic filers who opt to submit manually, the hard copy of RPT Form must be submitted and stamped “Received” at the LT Division/RDO where the taxpayer is registered, within fifteen (15) days from the statutory due date of filing the AITR or electronic date of filing of the AITR, whichever comes later.
      For taxpayers who opt to submit electronically through the eAFS System, regardless if manual or electronic filers, the e-mail confirmation with a system generated Transaction Reference Number shall serve as proof of submission in Iieu of the stamped “Received” at the LT Division/RDO had it been filed manually in the LT Division/RDO where the taxpayer is registered. Submission must be made within fifteen (15) days from the statutory due date of filing the AITRor electronic date of filing of the AITR, whichever comes later.