Creation of Alphanumeric Tax Code (ATC) of Certain Income Payments Subject to Expanded Withholding Tax per Revenue Regulations No. 6-2009

November 11, 2009 REVENUE MEMORANDUM ORDER NO. 032-09 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Certain Income Payments Subject to Expanded Withholding Tax per Revenue Regulations No. 6-2009 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. 6-2009 (Amending Further Pertinent Provisions of Revenue Regulations (RR) No. 2-98, as Amended, Providing for an Additional Criteria in the Determination of Top Twenty Thousand (20,000) Private Corporations, Including the Threshold on their Purchases of Agricultural Products, and Additional Transactions Subject to Creditable Withholding Tax on Income Payments Made by the Top Five Thousand (5,000) Individual Taxpayers Engaged in Trade/Business or Practice of Profession), the following ATCs are hereby created: Kind of Tax Issuance / BIR ATC Tax Legal Basis / Form Rate Reasons No. Subject to creditable withholding tax 1. Income payments made by the top five thousand (5,000) individual taxpayers to their local/resident suppliers of goods other than those RR No. 6-2009 1601E covered by other rates of withholding tax i) Individual WI670 1% ii) Corporate WC670 1% 2. Income payments made by the top five thousand (5,000) individual taxpayers to their local/resident RR No. 6-2009 1601E suppliers of services other than those covered by other rates of withholding tax i) Individual WI672 2% ii) Corporate WC672 2% II. Repealing Clause: This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. AEDCHc III. Effectivity: This Revenue Memorandum Order shall take effect immediately. (SGD.) JOEL L. TAN-TORRES Senior Deputy Commissioner (Approve pursuant to the authority under Executive Order No. 827 Series of 2009)