Summary
RMO No. 28-98 amends RMO No. 3-98 by changing two Alphanumeric Tax Codes (ATCs).
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Key points
- Fringe benefits ATC. The ATC for fringe benefits paid to supervisors/managers by a corporation changes from WC360 to WI360.
- Informer’s rewards ATC. The ATC for informer’s rewards changes from WI410 to WC410 if the reward is paid to a corporation. It is WI410 if paid to an individual.
- Who receives informer’s rewards. The rewards go to persons instrumental in discovering violators of the Tax Code, or in discovering and seizing smuggled goods.
Who is affected
- Supervisors/managers receiving fringe benefits from a corporation
- Recipients of informer’s rewards
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.