Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 13-2011
Revenue Memorandum Order No. 048-11 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Dec 26, 2011
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December 26, 2011 REVENUE MEMORANDUM ORDER NO. 048-11 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 13-2011 TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of certain income payments subject to Expanded Withholding Tax pursuant to Revenue Regulations No. 13-2011 (Implementing the Tax Provisions of Republic Act No. 9856 Otherwise Known as "The Real Estate Investment Trust Act of 2009"), the following ATCs are hereby created: ATC Description Legal Basis Tax Rate BIR Form No. Income payments subject RR No. 13-2011 to Withholding Tax received by Real Estate Investment Trust (REIT) WC 690 i) Corporate 1% 1601-E/2307 Cash or property RR No. 13-2011 dividends paid by a REIT subject to Final Tax WI 700 i) Individual 10% 1601-F/2306 WC 700 ii) Corporate 10% 1601-F/2306 II. Repealing Clause : This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. EIAHcC III. Effectivity : This RMO shall take effect immediately. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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