Summary
RMO No. 18-2001 renames the Alphanumeric Tax Codes (ATCs) for Percentage Tax on winnings and prizes withheld by race track operators.
Key points
- Government Withholding Agent ATCs. The 4% ATC is renamed from WB191 to WB191, and the 10% ATC from WB191 to WB192.
- Private Withholding Agent ATCs. The 4% ATC is renamed from WB192 to WB193, and the 10% ATC from WB192 to WB194.
Who is affected
- Race track operators acting as withholding agents
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.