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RMO No. 16-2001: Extends until December 31, 2002 the use of the Alphanumeric Tax Codes (ATCs) created pursuant to RMO No. 28-2000 for certain taxes due from the services of stock, real estate, commercial and immigration brokers

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Summary

RMO No. 16-2001 extends until December 31, 2002 the use of the Alphanumeric Tax Codes (ATCs) created under RMO No. 28-2000 for certain taxes due from services of stock, real estate, commercial and immigration brokers.

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Key points

  1. Extended use. The ATCs created under RMO No. 28-2000 stay in use until December 31, 2002.
  2. Replacement. Beginning January 1, 2003, these ATCs are dropped and replaced by new ATCs covering income earned from those transactions, which will then be subject to VAT.

Who is affected

  • Stock brokers
  • Real estate brokers
  • Commercial brokers
  • Immigration brokers

Deadlines and effectivity

  • Existing ATCs usable until December 31, 2002
  • New ATCs replace them beginning January 1, 2003

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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CitesRMO No. 28-2000

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.