Handbook on Alphanumeric Tax Codes of Revenue Sources - Creation of New Categories

April 22, 1993 REVENUE MEMORANDUM ORDER NO. 28-93 SUBJECT : Handbook on Alphanumeric Tax Codes of Revenue Sources - Creation of New Categories TO : All Collection Agents, RPO-Issuing Officers, Cash Clerks and Other Concerned Revenue Officers In order to incorporate the provisions of R.A. No. 7649 - An Act Requiring the Government or any of its Political Subdivisions, Instrumentalities or Agencies Including Government-owned or Controlled Corporations (GOCCs) to deduct and Withhold the Value-Added Tax Due at the Rate of three Percent (3%) on Gross Payment for the Purchase of goods and Six Percent (6%) on Gross Receipts for Services Rendered by Contractors into the Alphanumeric Tax Code, the following classifications are hereby created and the respective alphanumeric tax codes assigned: acd Kind of Taxes Alphanumeric Tax Code III. VALUE-ADDED TAX H. Withholding of Creditable VAT 1. Government Money Payments WV 010 a) On Purchase of Goods WV 020 b) On Services Rendered by Contractors EFFECTIVITY: This Revenue Memorandum Order shall take effect immediately. (Sgd.) VICTOR A. DEOFERIO, JR. Deputy Commissioner