Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source under the Tax Forms Enhancement Program

August 9, 2004 REVENUE MEMORANDUM ORDER NO. 35-04 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source under the Tax Forms Enhancement Program TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objectives : To facilitate the proper identification and monitoring of tax collections relative to Revenue Regulations No. 29-2002 imposing advance payment of VAT on sale of refined sugar and Revenue Regulations No. 16-2003, imposing advance payment of value added tax or percentage tax and of income tax on "Privilege Store". In connection with the Tax Forms Enhancement Program and the implementation of electronics filing and payment system, the following ATCs are hereby created and renamed: A. The following ATCs are hereby created: ISSUANCE/ BIR FORM KIND OF TAXES LEGAL BASIS/ NO. TAX RATES ATC REASONS MISCELLANEOUS TAXES/OTHER REVENUE SOURCES 1. Advance payment of RR No. 29- 0605 10% on the MC210 Value Added Tax on the 2002 applicable base Sale of Refined Sugar price per 50kg bag of refined sugar 2. Advance payment of RR No. 16- 0605 P150 per day or MC220 Value Added Tax on 2003 P4,500 per month Privilege Store during the entire duration 3. Advance payment of RR No. 16- 0605 P50 per day or MC230 Income Tax on Privilege 2003 P1,500 per month Store during the entire duration 4. Advance payment of RR No. 16- 0605 P150 per day or MC240 Percentage Tax on 2003 P4,500 per month Privilege Store during the entire duration B. The following ATCs are hereby renamed: KIND OF TAXES ISSUANCE BIR FORM TAX RATES ATC LEGAL BASIS/ NO. From To REASONS DOCUMENTARY STAMP TAXES Charter parties and Sec. 197 of RA 2000 similar instrument No. 8424 if gross tonnage is: (Implementation 1,000 tons and of electronics 1st 6 months DS123 DS130 below filing and P500 in payment system) excess + P50 1,001 to 10,000 1st 6 months DS123 DS131 tons P1,000 in excess + P100 over than 10,000 1st 6 months DS123 DS132 tons P1,500 in excess + P150 II. Repealing Clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. III. Effectivity : This Revenue Memorandum Order shall take effect immediately. (SGD.) GUILLERMO L. PARAYNO, JR. Commissioner of Internal Revenue