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EXTENDED TO NOVEMBER 15, 2018 Form990Return of Organization Exempt From Income Tax OMB No. 15450047 Do not enter social security numbers on this form as it may be made public. Open to Public InspectionUnder.

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Filling out the Bir Form 1709 Editable online can seem daunting, but this guide will simplify the process for you. By following these steps, you will be able to complete the form accurately and efficiently, ensuring that all necessary information is included without hassle.

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  1. Press the ‘Get Form’ button to obtain the Bir Form 1709 Editable and open it in the editor.
  2. Begin by filling in your organization's details in the designated fields, including the name, address, and contact information.
  3. Complete the sections regarding your organization's tax-exempt status, ensuring that you include the correct classifications as outlined in the form.
  4. Fill out any financial information required, including gross receipts, total revenue, and expenses as applicable for your organization.
  5. Address the program services your organization provides, detailing mission statements and accomplishment narratives.
  6. Submit any necessary supplementary schedules or additional documentation as mandated by the form's instructions.
  7. Review all entries for accuracy and completeness before finalizing your form.
  8. Once completed, save your changes, then opt to download, print, or share your filled-out form as needed.

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1709 is the “Information Return on Transactions with Related Party” or referred to in the RMC as the Related-Party Transaction Form (RPT Form). It covers foreign and domestic related-party transactions.

All PH taxpayers, either individual or non-individual (including non-stock non-profit organizations for the activities conducted for profit) with related party transactions (RPTs) shall complete and submit BIR Form 1709. Basically, BIR Form 1709 is a new attachment in the Annual Income Tax Returns of those with RPTs.

1709 is the “Information Return on Transactions with Related Party” or referred to in the RMC as the Related-Party Transaction Form (RPT Form). It covers foreign and domestic related-party transactions. The recently issued Revenue Regulations (“RR”) No.

1709 and who meet the following criteria: a. Annual gross sales/revenues for subject taxable period exceeds P150,000,000 and the total amount of related party transactions with foreign and domestic related parties exceeds P90,000,000.

In Philippines there are two documentation requirements for transfer pricing: (1) Information Return on Transactions with Related Party (BIR Form No.... Comparable Uncontrolled Price (CUP) Resale Price Method (RPM) Cost Plus Method (CPM) Profit Split Method (PSM) Transactional Net Margin Method (TNMM)

The purpose of transfer pricing documentation is to show that the company's related-party transactions are in ance with the arm's-length principle.

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