Modification of Alphanumeric Tax Code (ATC) for Withholding Taxes in BIR Form No. 1601-EQ Pursuant to Revenue Regulations (RR) No. 1-2019

March 19, 2019 REVENUE MEMORANDUM ORDER NO. 016-19 SUBJECT : Modification of Alphanumeric Tax Code (ATC) for Withholding Taxes in BIR Form No. 1601-EQ Pursuant to Revenue Regulations (RR) No. 1-2019 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 withholding taxes in BIR Form No. 1601-EQ (Quarterly Remittance Return of Creditable Income Taxes Withheld [Expanded]) pursuant to RR No. 1-2019, the following ATCs are hereby modified: DEIHAa EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate On gross amount of refund given by MERALCO to customers with active contracts as classified by MERALCO 1601-EQ RR No. 1-2019 WI650 1. Individual 25% 15% WC651 2. Corporate On gross amount of refund given by MERALCO to customers with terminated contracts as classified by MERALCO WI651 1. Individual 32% 15% WC651 2. Corporate On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of Non-Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by MERALCO WI661 1. Individual 10% 15% WC661 2. Corporate On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of Non-Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by other electric Distribution Utilities (DU) WI663 1. Individual 20% 15% WC663 2. Corporate Interest income derived from any other debt instruments not within the coverage of deposit substitutes and Revenue Regulations No. 14-2012 WI710 1. Individual 20% 15% WC710 2. Corporate II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. SDTIaE III. EFFECTIVITY: This RMO shall take effect immediately. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue