Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 2-2009

May 15, 2009 REVENUE MEMORANDUM ORDER NO. 024-09 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 2-2009 TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective: To facilitate the proper identification and monitoring of certain tax payments subject to Expanded Withholding Tax pursuant to Revenue Regulations No. 2-2009 (Amending Further Secs. 2.57.2 and 2.58 of Revenue Regulations No. 2-98, as Amended, Subjecting to Creditable Withholding Tax the Interest Portion of the Refund of Meter Deposits by MERALCO and Other Distribution Utilities (DU) to Residential and Non-Residential Electricity Consumers/Customers), the following ATCs are hereby created: KIND OF TAX ISSUANCE/ BIR ATC LEGAL BASIS/ FORM REASONS NO. Withholding Tax at Source a) Subject to creditable withholding tax Withholding on gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of: 1. Residential and General Service customers whose monthly electricity consumption exceeds 200 kwh as RR No. 2-2009 1601E classified by MERALCO i) Individual WI660 ii) Corporate WC660 2. Non-Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by RR No. 2-2009 1601E MERALCO i) Individual WI661 ii) Corporate WC661 3. Residential and General Service customers whose monthly electricity RR No. 2-2009 1601E consumption exceeds 200 kwh as classified by other electric Distribution Utilities (DU) i) Individual WI662 ii) Corporate WC662 4. Non-Residential customers whose monthly electricity consumption RR No. 2-2009 1601E exceeds 200 kwh as classified by other electric Distribution Utilities (DU) i) Individual WI663 ii) Corporate WC663 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.) SIXTO S. ESQUIVIAS IV Commissioner of Internal Revenue