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RMO No. 23-2001: Creates new Alphanumeric Tax Codes of revenue sources for final withholding tax

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Summary

RMO No. 23-2001 creates new Alphanumeric Tax Codes (ATCs) for Final Withholding Tax.

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Key points

  1. New ATCs. W1310 is for income payments to oil exploration service contractors and subcontractors. W1340 is for gross income derived by non-resident cinematographic film owners, lessors or distributors.

Who is affected

  • Oil exploration service contractors and subcontractors
  • Non-resident cinematographic film owners, lessors and distributors

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.