Creation of Alphanumeric Tax Codes (ATC) on Taxes Collected Through the Voluntary Assessment and Abatement Program (VAAP) per Revenue Regulations No. 17-2002
Revenue Memorandum Order No. 34-02 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Dec 9, 2002
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December 9, 2002 REVENUE MEMORANDUM ORDER NO. 34-02 SUBJECT : Creation of Alphanumeric Tax Codes (ATC) on Taxes Collected Through the Voluntary Assessment and Abatement Program (VAAP) per Revenue Regulations No. 17-2002 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 the Expanded Voluntary Assessment and Abatement Program based on BIR Form No. 0611 (VAAP Payment Form) per Revenue Regulations No. 17-2002 (Regulations Providing for the Policies, Procedures and Guidelines in the Implementation of the Expanded Voluntary Assessment and Abatement Program) and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAXES ISSUANCE/LEGAL ATC BASIS/REASONS Miscellaneous Taxes/Other Revenue Sources On the revenue collected through the Revenue Regulations Expanded Voluntary Assessment and No. 17-2002 Abatement Program a. Withholding Tax on Compensation MC 070 b. Expanded Withholding Tax MC 071 c. Final Withholding Tax (in general) MC 072 d. Withholding Tax on Banks & MC 073 Other Financial Institutions e. Withholding Tax on Fringe Benefits MC 074 f. Withholding Tax PT on MC 075 Winnings & Prizes g. Withholding Tax on Sale/Transfer/ MC 076 Barter or Other Disposition of Real Property Other Than Capital Asset h. Capital Gains Tax on Sale/Transfer/ MC 077 Barter or Other Disposition of Real Property Classified as Capital Asset i. Capital Gains on Sale/Barter or MC 078 Other Disposition of Shares of Stock Not Traded Through the Local Stock Exchange j. Improperly Accumulated MC 079 Earnings Tax k. Percentage Tax (Quarterly) MC 080 l. Percentage Tax (Monthly) MC 081 m. Value-Added Tax and Other MC 082 Percentage Tax Withheld n. Percentage Tax Stocks (IPO) MC 083 o. Percentage Tax Stocks MC 084 p. Estate Tax MC 085 q. Donors Tax MC 086 r. Documentary Stamp Tax MC 087 s. Tax Under Special Laws MC 088 t. Accrued Penalties MC 089 II. Repealing Clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. aESHDA III. Effectivity : This Revenue Memorandum Order shall take effect immediately. (SGD.) GUILLERMO L. PARAYNO, JR. Commissioner of Internal Revenue
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