Creation of Alphanumeric Tax Codes (ATCs) of Revenue Sources — For Proper Classification of Taxes

September 5, 1997 REVENUE MEMORANDUM ORDER NO. 52-97 SUBJECT : Creation of Alphanumeric Tax Codes (ATCs) of Revenue Sources For Proper Classification of Taxes TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : In order to facilitate identification and monitoring of certain taxes as required for new tax forms and for ITS purposes, the following ATCs are hereby modified, created, and added to the Manual of Codes tables issued per RMO No. 27-97. Kind of Taxes Legal Basis ATC A. Modified Definition 1. Tax on Income From To a) Rent not Exceeding P500 per Rent for Real Sec. 28 of II050 month Property below NIRC P500.00 month (used in business) B. Creation of Additional ATC 1. Tax on Income a) Rent for Personal property Sec. 28 of II051 regardless of the amount NIRC b) Transportation contractors for the Sec. 1 (e) of II090 Carriage of Goods and RR 13-86 Merchandise below P2,000.00 c) Payment to Customs Personnel by Sec. 1 (L) of II100 Importers, Shipping Companies, or RR 4-91 Agents d) Interest not subject to withholding Sec. 28 of II110 NIRC e) Prize and awards amounting to Sec. 28 of II120 a) Individual P3,000 or less NIRC 2. Other Percentage Taxes a) Percentage Tax on International Sec. 4(j)(3) PT041 Carriers of R.A. 8241 b) Percentage Tax on Bowling Alleys Sec. 123(6) PT210 of NIRC II. Effectivity : This Revenue Memorandum Order shall take effect immediately. ESTELITA C. AGUIRRE Acting Commissioner