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RMO No. 28-2000: Creates a new Alphanumeric Tax Codes (ATCs) of revenue sources for proper classification of taxes

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Summary

RMO No. 28-2000, issued August 17, 2000, creates new Alphanumeric Tax Codes (ATCs) for taxes paid by stock, real estate, commercial, customs and immigration brokers.

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Key points

  1. ATCs for 2000. The new ATCs are PT210 for other percentage tax and WB210 for withholding tax on business. They apply effective January 1, 2000.
  2. Replacement in 2001. Beginning January 1, 2001, these ATCs are dropped and replaced by VB210 for Value-added Tax and WV210 for withholding of creditable VAT.

Who is affected

  • Stock, real estate, commercial, customs and immigration brokers

Deadlines and effectivity

  • PT210 and WB210 apply effective January 1, 2000
  • Replaced by VB210 and WV210 beginning January 1, 2001

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (1)

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Cited byRMO No. 16-2001

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.