REVENUE MEMORANDUM CIRCULAR NO. 98-2020 issued on September 15, 2020 clarifies the submission of BIR Form No. 1709 or the Related Party Transaction (RPT) Form and its attachments, as prescribed in Revenue Regulations No. 19-2020.
The submission of BIR Form No. 1709 and its required documents (as attachment to the Annual Income Tax Return for fiscal year ending March 31, 2020) shall be further extended as follows:
| Annual Income Tax Return | Extended Deadline |
|---|---|
| For Fiscal Year Ending March 31, 2020 and April 30, 2020 | December 29, 2020 |
| For Fiscal Year Ending May 31, 2020 and June 30, 2020 | January 31, 2021 |
| For Fiscal Year Ending July 31, 2020 and August 31, 2020 | March 1, 2021 |
| For Fiscal Year Ending September 30, 2020 and October 31, 2020 | March 31, 2021 |
| For Fiscal Year Ending November 30, 2020 and Calendar Year Ending December 31, 2020 | April 30, 2021 |