SyCipLaw Bulletin #27: Recent Issuances by the IPOPHL and the BIR

A. Intellectual Property Office (IPOPHL) Suspends Services at its Main Office from July 20 to 27, and Extends Deadlines 

(See IPOPHL Memorandum Circular No. 2020-028 (Suspension of Activities and Extension of Deadlines for the Period of 20 to 27 July 2020) dated July 18, 2020, https://drive.google.com/file/d/1HvAyD7OrjYAP67_j_PfsttBAMyWqoOfl/view.)
 

B. BIR Amends Reportorial Requirements of Banks and Other Lenders that Granted a Grace Period on Loans that were due during the Enhanced Community Quarantine

(See Revenue Memorandum Circular No. 72-2020 (Amending Revenue Memorandum No. 36-2020) dated July 17, 2020, 
https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2020%20RMCs/RMC%20No.%2072-2020.pdf.)


C. New Bureau of Internal Revenue (BIR) Form for Related Party Transactions 

(See Revenue Regulations No. 19-2020 (New BIR Form No. 1709, Replacing Form No. 1702H, Series of 1992) dated July 8, 2020, https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202020/RR%20No.%2019-2020.pdf.)


Please read the full text of the bulletin below: