Amendment to RMO NO. 51-94 Relative to the Alphanumeric Tax Code (ATC) for Stock Transactions (R. A. No. 7717)

January 18, 1995 REVENUE MEMORANDUM ORDER NO. 01-95 SUBJECT : Amendment to RMO NO. 51-94 Relative to the Alphanumeric Tax Code (ATC) for Stock Transactions (R. A. No. 7717) TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned 1. OBJECTIVE AND PROCEDURES 1.1. To properly identify and monitor the collection of taxes on sale, barter or exchange of shares of stock listed and traded through the local stock exchange or through initial public offering, the Alphanumeric tax code for stock transaction is reclassified as follows: Kind of Tax ATC 1. Stock Transaction traded through local stock exchange PT 200 2. Stock sold or exchange through initial public offering PT 201 1.2. To ascertain in the proper reporting of stock transactions in the revised BIR Form No. 12.09, the new classification shall be included under Schedule 4 (Percentage Tax on Services) of said form. 2. REPEALING CLAUSE This order repeals pertinent provisions of RMO No. 51-94 dated July 28, 1994. 3. EFFECTIVITY This Revenue Memorandum Order shall take effect immediately and shall be incorporated in the BIR Form No. 12.09 reports and any other statistical reports to be prepared by offices concerned starting January, 1995. LIWAYWAY VINZONS-CHATO Commissioner