News & Updates

News and Updates

Welcome to our news and updates section!

Read the latest accounting and bookkeeping news and information here. In this section, we also post updates on the taxation system in the Philippines and its technicalities.

BIR New Form No. 1709

22 Jul: BIR Releases New Form to Address Tax Leaks

The Bureau of Internal Revenue (BIR) released Revenue Regulations (RR) No. 19-2020 prescribing the utilization of the new BIR Form No. 1709, otherwise known as the Information Return on Related Party Transactions (Domestic and/or Foreign), which replaces BIR Form No. 1702H or Information Return on Transactions with Related Foreign Persons.