Renaming of Alphanumeric Tax Codes (ATCs) of Revenue Sources For Proper Classification of Taxes

February 19, 2002 REVENUE MEMORANDUM ORDER NO. 02-02 SUBJECT : Renaming of Alphanumeric Tax Codes (ATCs) of Revenue Sources For Proper Classification of Taxes TO : All Collection Agents, Revenue District Officers and Other Internal Revenues Officers Concerned I. Objective: To facilitate proper identification and monitoring of Creditable Withholding Tax on Talent Fees for Services Rendered by Certain Individuals based on BIR Form No. 1601-E (Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)) and for Integrated Tax System (ITS) purposes, the following ATCs are hereby renamed: ATC KIND OF TAXES ISSUANCE/LEGAL From To BASIS/REASONS (RMO No. 14-99) Renaming of ATC for professional/talent fees paid to individuals 1. Professional entertainers 10% if the Section 3 of WI020 WI020 current year's gross income is P720,000 RR No. 12-2001 and below. 2. Professional entertainers 20% if the WI020 WI021 current year's gross income exceeds P720,000. 3. Professional athletes, including basketball WI030 WI030 players, pelotaris and jockeys 10% if the current year's gross income is P720,000 and below. 4. Professional athletes, including basketball WI030 WI031 players, pelotaris and jockeys 20% if the current year's gross income exceeds P720,000. 5. All directors involved in movies, stage, Section 3 of WI040 WI040 radio, television and musical productions RR No. 12-2001 10% if the current year's gross income is P720,000 and below. 6. All directors involved in movies, stage, WI040 WI041 radio, television and musical productions 20% if the current year's gross income exceeds P 720,000. 7. Other recipients of talent fees 10% if WI080 WI080 the current year's gross income is P720,000 and below. 8. Other recipients of talent fees 20% if WI080 WI081 the current year's gross income exceeds P720,000. II. Repealing Clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. III. Effectivity: This Revenue Memorandum Order shall take effect immediately. (SGD.) REN G. BAEZ Commissioner of Internal Revenue