Creation of Alphanumeric Tax Code (ATC) for Additional Income Payments Subject to Creditable Withholding Tax per Revenue Regulations No. 8-2009

November 11, 2009 REVENUE MEMORANDUM ORDER NO. 033-09 SUBJECT : Creation of Alphanumeric Tax Code (ATC) for Additional Income Payments Subject to Creditable Withholding Tax per Revenue Regulations No. 8-2009 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 Creditable Expanded Withholding Tax pursuant to Revenue Regulations No. 8-2009 (Amending Further Secs. 2.57.2 and 2.57.3 of Revenue Regulations No. 2-98, as Amended, Subjecting to Creditable Withholding Tax the Income Payments Made by Political Parties and Candidates of Local and National Elections of All Their Campaign Expenditures and Income Payments Made by an Individual or Juridical Person Forming Part of Their Campaign Contributions to Candidates of Local and National Elections and to Political Parties, the following ATCs are hereby created: Kind of Tax Issuance / BIR ATC Tax Legal Basis / Form Rate Reasons No. Subject to creditable withholding tax Income payments made by political parties and candidates of local and national elections of all their campaign expenditures, and income payments made by individuals or juridical RR No. 8-2009 1601E persons for their purchases of goods and services intended to be given as campaign contribution to political parties and candidates i) Individual WI680 5% ii) Corporate WC680 5% II. Repealing Clause: This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. III. Effectivity: EDACSa 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)