The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 98-2020, which provides extended deadlines for the submission of BIR Form No. 1709, or the Related Party Transaction (RPT) Form. As per the standard rules, the RPT Form is required to be submitted as an attachment to the annual income tax return (AITR) for fiscal years ending on or after 31 March 2020, although an initial extension was provided to 30 September 2020 for the year ending 31 March 2…