Revision of BIR Form No. 1201 and Prescribing Its Use by All Concerned

October 21, 1970 REVENUE MEMORANDUM ORDER NO. 54-70 SUBJECT : Revision of BIR Form No . 1201 and Prescribing Its Use by All Concerned With the adoption of the new official receipt form and the implementation of the Tax Numeric Codes of Revenue Taxes prescribed under Revenue Memorandum Order No. 50-68, dated November 4, 1968, as well as the effectivity of the Omnibus Tax Bill (RA 6110), the need to revise BIR Form No. 1201 became imperative. For this purpose, the attached Consolidated Report of Internal Revenue Collections (BIR Form No. 1201, revised) is hereby prescribed for use by all Collection Agents, Revenue District Officers, Collection Branches in the Regions or the Collection Department in the National Office. The form is divided into three (3) parts. The upper left half portion pertains to fixed information about the unit preparing the report; the upper right half portion is the summary of the major sources of income; while the lower part contains the individual codes or group codes of each major grouping of tax sources of income. Immediately after each major grouping is the total. Collections that should go to specific funds are provided with the following code numbers: for franchise tax collections from those engaged in electrical services, 06-0100; for Forest Products Research and Industries Development Funds, 08-0900; and for collections on Science Stamps, 10-0306. To facilitate the computation of the 1% Special Fund of the Commissioner in the total collections on percentage taxes (Title V of the Internal Revenue Code as amended by RA 6110), each individual numeric code in this series of revenue taxes has been provided with a line. This will enable the Accounting Division to segregate those which are subject to the 1% share from those which shall go totally to the General Fund. The form shall be used by the Collection Agent in every city or municipality in reporting their respective monthly collections. However, this form differs from the Monthly Report of Collections (BIR Form 12.31) also submitted every month because this report shows the total collections for every tax source. The form can also be used by the Revenue District Officer in summarizing total collections for every tax source reported by all Collection Agents within his jurisdiction. This holds true for the Collection Branches in the Regions or for the Collection Department when it reports total collections on a Regional or National scale depending on the needs of the unit requiring the report or of management. Due to errors or omissions in the printing of this form, you are hereby instructed to make the following adjustments or corrections in the form itself when you use it for reporting. These errors shall be corrected in the next printing of this form. a) On the front page, line 03-0210 should be changed to 03-0210 0211. Line 03-0211 should be changed to 03-0220. b) At the back page of the form, the following changes should be reflected: 1) Change line 03-2000 2053 to 03-2000 2145 2) Change line 03-2800 to 03-2800 2809 3) Change line 03-2802 to 03-2850 2857 4) Change line 03-2804 to 03-0312 5) Change line 03-2900 to 03-0320 0331 6) Change line 09-0200 0212 to 09-0200 0620 You are also reminded that in filling up line 06-0000 which are for the total franchise tax collections, the tax payments of franchise holders engaged in electrical services should be separated and recorded in line 06-0100. This is to segregate immediately those which shall accrue to the revolving fund of the National Electrification Administration. However, the totals of both 06-0000 and 06-0100, as reflected in the lower part of the form, should constitute the amount which should be written in the summary portion of this report specifically the line provided for franchise tax collections. cdt In the case of collections from the sale of stamps, only the science stamps collection has been provided with a line in the lower part of the 1201 form (Code No. 10-0306). Collections from documentary stamps shall therefore be reflected only in the summary portion which has a definite line for this purpose. All revenue circulars, orders or memoranda or portions thereof which are inconsistent with this Memorandum are hereby revoked, modified or revised. This Order takes effect immediately. MISAEL P. VERA Commissioner of Internal Revenue