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RMO No. 14-2018: Creates Alphanumeric Tax Codes (ATCs) for the remittance of Creditable/Final Income Taxes withheld under the TRAIN Law

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Summary

RMO No. 14-2018 creates Alphanumeric Tax Codes (ATCs) for remitting Creditable and Final Income Taxes withheld under RA No. 10963 (TRAIN Act).

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Key points

  1. Creditable income taxes. ATC WME10 covers Remittance of Creditable Income Taxes Withheld (Expanded). It is reported on BIR Form 0619-E.
  2. Final income taxes. ATC WMF10 covers final taxes on interest paid on deposits and yield on deposit substitutes, trusts and similar items. ATC WMF20 covers other final income taxes. Both are reported on BIR Form 0619-F.

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.