Creation, Modification and Dropping of Alphanumeric Tax Code (ATC) of Selected Revenue Source under the Tax Forms Enhancement Program

January 12, 2006 REVENUE MEMORANDUM ORDER NO. 01-06 SUBJECT : Creation, Modification and Dropping of Alphanumeric Tax Code (ATC) of Selected Revenue Source under the Tax Forms Enhancement Program TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of payments for No Audit Program (NAP), Withholding on Gross amount of refund given by Meralco and Final Withholding Value-Added Tax (FWVAT) imposed on government money payments. II. Creation of New ATC: In connection with the Tax Forms and Enhancement Program and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAX ISSUANCE/ BIR ATC LEGAL BASIS/ FORM REASONS NO. Miscellaneous Taxes Payments for No Audit Program (NAP) RR No. 6 - 2005 0605-101 MC101 Withholding Taxes Withholding on gross amount of RR No. 8 - 2005 1601-E refund given by Meralco to customers with active contracts as classified by Meralco 25 % a. Corporate WC650 b. Individual W1650 Withholding on gross amount of RR No. 8 - 2005 1601-E refund given by Meralco to customers with terminated contracts as classified by Meralco 32 % a. Corporate WC651 b. Individual W1651 III. The following ATCs are hereby modified: HAaScT KIND OF TAXES ISSUANCE/ BIR ATC LEGAL BASIS/ FORM REASONS NO. EXISTING NEW Withholding of Final Withholding Creditable Value- Value-Added Tax Added Tax (FWVAT) On purchase Payments for Sec. 12 (C) 1600 WV010 of goods purchases of of subject to 3% goods R.A. No. 9337 subject to 5% On services Payments for Sec. 12 (C) 1600 WV020 rendered by purchases of of contractors services R.A. No. 9337 subject to 6% subject to 5% Lease or use Payments for Sec. 12 (C) 1600 WV040 of properties or lease or use of of property rights properties or R.A. No. 9337 to non-resident property rights to owners non-resident subject to 10% owners subject to 10% IV. The Alphanumeric Tax Code No. WV030 (Government public works contractors subject to 8.5%) is hereby dropped . V. Repealing clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. VI. Effectivity : This Revenue Memorandum Order shall take effect immediately. (SGD.) JOSE MARIO C. BUAG Commissioner of Internal Revenue