Summary
RMO No. 12-2003 creates Alphanumeric Tax Codes (ATC) for selected revenue sources subject to Value-Added Tax.
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Key points
- ATC VS062. Covers services rendered by persons engaged in the practice of profession or calling, and professional services rendered by general professional partnerships.
- ATC VS210. Covers services rendered by stock, real estate, commercial, customs, insurance and immigration brokers.
- ATC VS111. Covers services rendered by banks, non-bank financial intermediaries, finance companies and other financial intermediaries not performing quasi-banking functions.
Who is affected
- Professionals and general professional partnerships
- Stock, real estate, commercial, customs, insurance and immigration brokers
- Banks, non-bank financial intermediaries and finance companies
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.