Modification of ATC of Selected Revenue Source under RA No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Act

January 28, 2022 REVENUE MEMORANDUM ORDER NO. 18-2022 SUBJECT : Modification of Alphanumeric Tax Code (ATC) of Selected Revenue Source under Republic Act (RA) No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Act TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification and monitoring of tax collection from Capital Gains Tax in BIR Form Nos. 1707 (Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange) and 1707-A (Annual Capital Gains Tax Return for Onerous Transfer of Shares of Stock Not Traded Through the Local Stock Exchange) pursuant to RA No. 10963, the following ATCs are hereby modified: EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate II030 On Capital Gains From Sale of Shares of Stock not Traded in the Local Stock Exchange (Individual) 5% 10% 1707/1707-A R.A. No. 10963 15% IC110 On Capital Gains From Sale of Shares of Stock not Traded in the Local Stock Exchange (Domestic Corporation) 5% 10% 1707/1707-A R.A. No. 10963 15% IC110 On Capital Gains From Sale of Shares of Stock not Traded in the Local Stock Exchange (Foreign Corporation) 5% 10% 1707/1707-A R.A. No. 11534/RR No. 2-2021 15% II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue