Amendment to Revenue Memorandum Order No. 24-87, Handbook on Alphanumeric Tax Codes (ATCs) of Revenue Sources
Revenue Memorandum Order No. 47-88 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Oct 21, 1988
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October 21, 1988 REVENUE MEMORANDUM ORDER NO. 47-88 SUBJECT : Amendment to Revenue Memorandum Order No. 24-87, Handbook on Alphanumeric Tax Codes (ATCs) of Revenue Sources TO : All Collection Agents, RPO-Issuing Officers, Cash Clerks and Others Concerned For proper monitoring and accounting of delinquent accounts, the general classification "Compromise Payments on Delinquent Accounts and Disputed Assessments" (under Part VII - Miscellaneous Taxes/Other Revenue Sources) with the corresponding alphanumeric tax code "MC030" is hereby repealed. Henceforth, all payments on delinquent accounts and disputed assessments shall be allotted to the pertinent type of tax (income tax, tax on transfer of property, VAT, etc.) and assigned the corresponding ATC. acd Examples : A delinquent payment of income tax of a resident citizen shall be assigned the ATC II010. A delinquent payment of VAT of a trading firm shall be assigned the ATC VT010. acd This Order takes effect immediately. BIENVENIDO A. TAN, JR. Commissioner
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