Creation of New Categories of Alphanumeric Tax Codes (ATC)

February 28, 1995 REVENUE MEMORANDUM ORDER NO. 08-95 SUBJECT : Creation of New Categories of Alphanumeric Tax Codes (ATC) TO : All Revenue District Officers, Collection Officers and other Internal Revenue Officers Concerned 1. Objective and Procedures: 1.1 In order to facilitate identification and monitoring of the expanded withholding taxes promulgated in Revenue Regulations No. 12-94 which amended some sections of Revenue Regulations No. 6-85, additional Alphanumeric Tax Codes (ATC) are hereby prescribed: Withholding Tax on: ATC A. Sale, exchange or transfer of real property other than capital assets 1. Individual WI 155 2. Corporate WC 155 B. Income payments made by credit card companies WC 156 C. Income payments made by government offices on their purchase of goods from local suppliers WC 157 D. Income payments made by top 5,000 corporations to local suppliers of goods WC 158 1.2. To ascertain the monitoring and classification of expanded withholding taxes, these ATCs and the amount of taxes classified herewith should be properly segregated and reported in BIR Form 12.09. 2. Effectivity: This shall take effect immediately. LIWAYWAY VINZONS-CHATO Commissioner