Creation of Alphanumeric Tax Code (ATC) of Revenue Sources For Proper Classification of Taxes

May 24, 2002 REVENUE MEMORANDUM ORDER NO. 15-02 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Revenue Sources For Proper Classification of Taxes TO : All Collection Agents, Revenue District Officers and Other Internal Revenues Officers Concerned I. Objective : For proper identification and monitoring of Final Withholding Taxes on interest payments to taxpayers enjoying preferential tax rates (i.e. PEZA Registered Enterprises) based on BIR Form No. 1602 (Monthly Remittance Return of Final Income Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trust Funds, Etc.) and for Integrated Tax Systems (ITS) purposes, the following ATC is hereby created: KIND OF TAXES ISSUANCE/LEGAL BASIS/ ATC REASONS A. Creation of ATC for Tax on Income and Profit 1. Final Withholding Tax on Section 24 of RA 7916 as WC 390 Interest Payments to Taxpayers amended by RA 8748, otherwise Enjoying Preferential Tax Rates known as the "Special Economic (i.e. PEZA Registered Enterprises) Zone of 1995" as implemented by 5% tax rate RR No. 12-97 and as further amended by RR No. 1-2000 II. Repealing Clause : This order revises portions of all other issuances inconsistent herewith. III. Effectivity : This Revenue Memorandum Order shall take effect immediately. ESCTIA (SGD.) EDMUNDO P. GUEVARA Officer-In-Charge Bureau of Internal Revenue