Revenue Regulations No. 2-2013
Serves as the principal guidance regarding the application of the arm’s length principle to transactions conducted between related parties.
Offers authoritative guidance on the application of the arm’s length principle in transactions conducted between related parties, establishing baseline expectations for compliance and documentation within the Philippine regulatory context.
Revenue Audit Memorandum Order No. 1-2019
Establishes the official framework employed in the conduct of transfer pricing audits, with particular emphasis on the procedures and methodologies the tax authorities may use to evaluate related party transactions within corporate entities.
It establishes the prescribed procedures for transfer pricing audits and outlines the approaches the tax authority may employ when evaluating related party arrangements within corporate entities.
Revenue Regulations No. 19-2020
Requires the disclosure of related party transactions through BIR Form 1709 and mandates the preparation and submission of transfer pricing documentation when requested by the BIR.Revenue Regulations 34-2020
Introduces and clarifies updated guidelines for transfer pricing documentation requirements in the Philippines.
This regulation outlines what information needs to be included, the standard for supporting analysis, and the timing for submission, all with the aim of ensuring greater consistency and transparency in the reporting of related party transactions.
