Dropping of Alphanumeric Tax Code (ATC) for Revenue Source under Republic Act (RA) No. 9505, Otherwise Known as Personal Equity and Retirement Account (PERA) Act of 2008
Revenue Memorandum Order No. 24-2022 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Mar 4, 2022
Full text
March 4, 2022 REVENUE MEMORANDUM ORDER NO. 24-2022 SUBJECT : Dropping of Alphanumeric Tax Code (ATC) for Revenue Source under Republic Act (RA) No. 9505, Otherwise Known as Personal Equity and Retirement Account (PERA) Act of 2008 TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification and monitoring of remittances for Final Income Taxes Withheld pursuant to the implementation of RA No. 9505 and due to the latest development on the proper classification of the nature of penalty on early withdrawal under ePERA, the following ATC is hereby dropped: ATC Description Tax Rate Legal Basis BIR Form No. W1730 Total income earned from the time of its opening to its withdrawal under the Personal Equity and Retirement Account (PERA) Act of 2008 20% RA No. 9505/ RR No. 6-2021 1601-FQ II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. CAESAR R. DULAY Commissioner of Internal Revenue By: (SGD.) MARISSA O. CABREROS Deputy Commissioner Legal Group Officer-in-Charge
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.