Creation of New Alphanumeric Tax Code (ATC) on Taxes Collected Through The Voluntary Assessment Program (Revenue Regulations No. 8-2001)

August 31, 2001 REVENUE MEMORANDUM ORDER NO. 20-01 SUBJECT : Creation of New Alphanumeric Tax Code (ATC) on Taxes Collected Through The Voluntary Assessment Program (Revenue Regulations No. 8-2001) TO : All Collection Agents, Revenue District Officers and Other Internal Revenues Officers Concerned I. Objective : To facilitate identification and monitoring of tax collections from Voluntary Assessment Program (VAP) based on BIR Form No. 0607 (Voluntary Assessment Payment Program Form) per Revenue Regulation No 8-2001 (Voluntary Assessment Program Granting Taxpayers the Privilege of Last Priority in the Audit and Investigation of All Internal Revenue Taxes) and for Integrated Tax System (ITS) purposes the following ATC is hereby created: ISSUANCE/LEGAL KIND OF TAXES BASIS/REASONS ATC Miscellaneous Taxes / Other Revenue Sources RR No. 8-2001 MC032 Pursuant to Section All revenues collected through the Voluntary 6(a), in relation to Assessment Program: Section 244 of 1997 NIRC. Income Tax Improperly Accumulated Earnings Tax Value added Tax To segregate revenues Percentage Tax generated through VAP Excise Tax covered by BIR Form Documentary Stamp Tax No. 0607 as against all Withholding Tax other revenue taxes. II. Repealing Clause : This order revises portions of all other issuances inconsistent herewith. III. Effectivity : This Revenue Memorandum shall take effect immediately. CSEHcT (SGD.) REN G. BAEZ Commissioner of Internal Revenue