RMO No. 3-2019: Creates and drops the Alphanumeric Tax Code on Microfinance Non-Government Organization and Documentary Stamp Tax in BIR Form 2000-OT under RA No. 10963 (TRAIN Act)

Key points

1. ATCs created. IC210 is the 2% preferential rate on Microfinance NGOs, for Forms 1702Q and 1702MX. DO102 and DO125 cover sales or transfers of shares of stock (₱1.50/₱200.00 for par value stock, 50% of DST paid on original issue for no par value), and DO122 covers deeds of sale, conveyances and donation of real property (₱15.00/₱1,000.00). The DO codes use Form 2000-OT.
2. ATCs dropped. PT118 (2% Microfinance NGOs, Form 2551M) is dropped. DS102 and DS125 (stock transfers, Forms 2000 and 2000-OT) and DS122 (real property deeds, Form 2000-OT) are also dropped, with the same rates as the new DO codes.

Who is affected

• Microfinance NGOs