Modification of ATC for Value-Added Tax Pursuant to Revenue Regulations No. 10-2004

December 11, 2019 REVENUE MEMORANDUM ORDER NO. 006-20 SUBJECT : Modification of Alphanumeric Tax Code (ATC) for Value-Added Tax Pursuant to Revenue Regulations No. 10-2004 (To Further Implement the Provisions of Sec. 4 of Republic Act No. 9238 Re-Imposing the Gross Receipts Tax on Other Non-Bank Financial Intermediaries Beginning January 1, 2004 and Hereby Amending for the Purpose Sec. 4 of Revenue Regulations No. 9-2004 by Including Pawnshops Under the Classification of Other Non-Bank Financial Intermediaries) TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification and monitoring of tax collection from Value-Added Tax in BIR Form Nos. 2550M (Monthly Value-Added Tax Declaration) and 2550Q (Quarterly Value-Added Tax Return) and to align the Alphanumeric Tax Codes in the forms and the ATC Handbook, pursuant to RR No. 10-2004 and RMC No. 73-2004 (Guidelines and Policies Applicable to the Business Tax Applicable to the Pawnshops as a Result of the Issuance of Revenue Regulations No. 10-2004, Including Pawnshops under the Classification of Other Non-Bank Financial Intermediaries in Accordance with the Power Granted the Commissioner of Internal Revenue under Section 4 of Republic Act No. 9238, the following ATC is hereby modified: EXISTING (per ATC Handbook) MODIFIED/NEW BIR FORM NO. ATC Description Tax Rate Description Legal Basis VB102 Lending Investors/Dealer in Securities/Pawnshops/ Pre-Need Co. 12% Lending Investors/Dealer in Securities/Pre-Need Co. RR No. 10-2004/RMC No. 73-2004 2550M/2550Q II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue