Summary
RMO No. 33-2009 creates the Alphanumeric Tax Code (ATC) for additional income payments subject to Creditable Withholding Tax under Revenue Regulations No. 8-2009.
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Key points
- Payments covered. The ATC covers income payments of political parties and candidates of local and national elections for all their campaign expenditures. It also covers payments by individuals or juridical persons for goods and services intended as campaign contributions to political parties and candidates.
- Codes and rate. Use ATC WI680 for individuals and WC680 for corporations. The rate is 5%, based on RR No. 8-2009 and reported on BIR Form 1601E.
Who is affected
- Political parties and candidates in local and national elections
- Individuals and juridical persons making campaign contributions in goods and services
Deadlines and effectivity
- Issued November 11, 2009
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.