Creation of Alphanumeric Tax Codes (ATC) of Selected Revenue Sources Subject to Value Added Tax Per Revenue Regulations No. 1-2003, Revenue Memorandum Circular No. 6-2003 and Unnumbered Revenue Regulations

April 24, 2003 REVENUE MEMORANDUM ORDER NO. 12-03 SUBJECT : Creation of Alphanumeric Tax Codes (ATC) of Selected Revenue Sources Subject to Value Added Tax Per Revenue Regulations No. 1-2003, Revenue Memorandum Circular No. 6-2003 and Unnumbered Revenue Regulations TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of Value Added Taxes and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAXES ISSUANCE/LEGAL ATC on BASIS/REASONS VAT On services rendered by persons engaged in the practice of profession or calling and professional RR 1-2003 VS062 services rendered by general professional partnerships On services rendered by stock, real estate, commercial, customs, insurance and immigration RR 1-2003 VS210 brokers. On services rendered by banks, non-bank financial intermediaries, finance companies and other financial RMC 6-2003 VS111 intermediaries not performing quasi-banking functions 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. AEIDTc (SGD.) GUILLERMO L. PARAYNO, JR. Commissioner of Internal Revenue