RMC No. 44-2021 — Amends RMC No. 76-2020 to include BIR Form No. 1709 (Information Return on Transactions with Related Party) thru the electronic Audited Financial Statement (eAFS) System Digest | Full Text

REPUBLIC OF THE PHILIPPINES AU OI- IN TERNAL REVENUE DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City l1-::1.1 VISION DS MG 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 R. DULAY : I Commissioner of Internal Revenue 0 41 S g BUHbAU OI' IN !.ERNAI- ITHVENUL 1_n\TN"6lNJLE.YI!]T\ jil( ltx*H31f"2T0U2rJ+Ulil/l R,:-()l)qDS MGT. DTVISION