Creation of New Alphanumeric Tax Codes (ATCs) for Marginal Income Earners and for Other Income Earnings not Otherwise Classified as Compensation or Business Income or Income Derived from the Practice of Profession
Revenue Memorandum Order No. 17-01 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Jul 19, 2001
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July 19, 2001 REVENUE MEMORANDUM ORDER NO. 17-01 SUBJECT : Creation of New Alphanumeric Tax Codes (ATCs) for Marginal Income Earners and for Other Income Earnings not Otherwise Classified as Compensation or Business Income or Income Derived from the Practice of Profession TO : All Internal Revenues and Others Concerned In order to facilitate proper identification and monitoring of certain taxes required from Marginal Income Earners as well as to provide for the proper classification of other income received by an individual taxpayer during the taxable year which is neither compensation nor business income nor income derived from the practice of profession, the following Alpha Numeric Tax Codes (ATCs) are hereby created: KIND OF TAXES LEGAL BASIS ATC Individual Income Tax a. Earnings Derived by Marginal RR No. 11-2000 II040 Income Earners b. Other Income (Not Compensation Sec. 32 1997 NIRC II041 or Business Income or Income from the Practice of Profession) This Order amends portions of all other revenue issuances inconsistent herewith. TcIHDa This order shall take effect immediately. (SGD.) REN G. BAEZ Commissioner of Internal Revenue
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