Creation, Dropping and Renaming of Alphanumeric Tax Codes (ATCs) of Revenue Sources ~ For Proper Classification of Taxes

March 31, 2000 REVENUE MEMORANDUM ORDER NO. 15-00 SUBJECT : Creation, Dropping and Renaming of Alphanumeric Tax Codes (ATCs) of Revenue Sources ~ For Proper Classification of Taxes TO : All Collection Agents, Revenue District Officers and Other Internal Revenues Officers Concerned I. Objective : In order to facilitate identification and monitoring of certain taxes required for Comprehensive Tax Reform Program (CTRP - R.A. 8424) and for ITS purposes, the following ATCs are hereby created and dropped: cdll ISSUANCE/ KIND OF TAXES LEGAL BASIS/ ATC REASONS A. Creation of ATC for Other Taxes under Special Laws 1. Philippine Amusement and Gaming PD No. 1869 OT010 Corporation (PAGCOR) (as amended) 2. PEZA Free Port Zones (ECOZONE Sections 12(c) and OT011 Enterprises) 15 of RA No. 7227 Sections 24(b) and (c) of RA No. 7916 RR No. 12-97 3. Others (Please specify Special Law) OT012 B. The following ATCs are hereby dropped: 1. Tax on Income a) On capital gains realized from sale, exchange or other disposition of real property i) Individual Subject to income WI420 per tax instead of RMO No. withholding tax. 14-99 New ATC-II420 was created per RMO No. 73-99. C. The following ATCs are hereby renamed: 1. Other Percentage Taxes Withholding of Other Percentage Taxes Tax on winnings and prizes renamed as: Sec. 126 of R.A. 8424 limited the coverage of Tax on winnings and prizes paid by Percentage Tax to racetrack operators "winnings, dividends and prizes paid by race track operator, manager or person in charge of the horse races". Prizes and other winnings, in general, are subject to income tax instead of percentage tax. a. Government withholding agent WB191 per b. Private withholding agent RMO No. 14-99 WB192 per RMO No. 14-99 II. Repealing Clause : This order revises portions of all other issuances inconsistent herewith. III. Effectivity : This Revenue Memorandum shall take effect immediately. prcd (SGD.) DAKILA B. FONACIER Commissioner of Internal Revenue