Creation of New Categories of Alphanumeric Tax Codes (ATC) for R.A. No. 7716

May 31, 1994 REVENUE MEMORANDUM ORDER NO. 42-94 SUBJECT : Creation of New Categories of Alphanumeric Tax Codes (ATC) for R.A. No. 7716 TO : All Collection Agents, Revenue District Officers and other Internal Revenue Officers Concerned 1. OBJECTIVE AND PROCEDURES 1.1 In order to incorporate the provisions of R.A. No. 7716, which expands the coverage of VAT and to monitor the taxes collected therefrom, the following classifications are hereby created under VAT and miscellaneous taxes with their respective alphanumeric tax codes: Kind of Taxes ATC A. Value-Added Taxes i. Other Business Services - Hotels, Motels, etc. VB100 - Restaurants, caterers VB101 - Dealers on securities/lending investors VB102 - Operators of: taxicabs/utility cars VB103 tourist buses VB104 - Operators of common carriers with respect to transport cargo: land based (road freight) VB105 domestic ocean-going vessel VB106 inter-island shipping vessel VB107 aircraft VB108 - Franchise Holders: telephone VB109 telegraph VB110 radio/television broadcasting VB111 other franchises VB112 - Non-life insurance companies VB113 - Books VB114 - Newspapers VB115 ii. Manufacturing - pesticides VM100 iii. Property - sale of real property VP100 - lease of real property VP101 - sale/lease of intangible property VP102 B. Miscellaneous - Registration fee for VAT/non-VAT taxpayers MC180 1.2 In the absence of these ATCs in the VAT returns of taxpayers, the Document Processing Unit of the Revenue District Office should refer to whatever available information source(s) including applications for registration forms (BIR Form 1556-A), other tax returns, etc., to ascertain the proper classification of VAT payments to be reported in the BIR Form 12.09 and other statistical reports. aisa dc The existing ATCs for VAT, namely: VM010 (manufacturing), VC010 (construction), VT010 (wholesale and retail trade), VS010 (storage and warehousing), VB010 (business services not elsewhere classified). VH010 (community, personal and household services) and VI010 (importation of goods) are still retained and are to be used for classification of VAT payments other than those listed above. 2. REPEALING CLAUSE The ATCs of percentage taxes replaced by VAT are hereby dropped. These include hotels/motels (PT020), restaurants/caterers (PT030), dealers on securities/lending investors (PT050), franchises of telephones/telegraph systems and radio broadcasting stations (PT070). Any deficiency taxes collected subsequently from them are to be classified in ATC No. RS 100. aisa dc 3. EFFECTIVITY This Revenue Memorandum Order shall take effect immediately and shall be incorporated in the 12.09 reports and any other statistical reports to be prepared by all offices starting the month of June, 1994. LIWAYWAY VINZONS-CHATO Commissioner