Summary
RMO No. 9-2007 creates and modifies certain Alphanumeric Tax Codes (ATCs) of selected revenue sources under the Tax Forms Enhancement Program.
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Key points
- ATCs created. New ATCs WV060 and WV070 cover other services rendered in the Philippines by non-residents, for government and private withholding agents, at a rate of 12%. They are based on RR 16-2005 as amended by RR No. 4-2007 (Sec. 4.114-2(b)(2)) and affect BIR Form 1600.
- ATCs modified. ATCs WV040 and WV050 cover lease or use of properties or property rights owned by non-residents, for government and private withholding agents. The rate changes from 10% to 12%, on the same basis, and BIR Form 1600 is affected.
Who is affected
- Government and private withholding agents paying non-residents
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.