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RMO No. 27-2017: Creates Alphanumeric Tax Code (ATC) for Microfinance Non-Government Organizations (NGOs)

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Summary

RMO No. 27-2017, issued on October 4, 2017, creates an Alphanumeric Tax Code (ATC) for Microfinance Non-Government Organizations (NGOs).

Key points

  1. New ATC. ATC PT118 covers the preferential tax rate on Microfinance NGOs at 2%, with legal basis Sec. 20 of RA No. 10693 and RR No. 3-2017, reported on BIR Form 2551M.

Who is affected

  • Microfinance Non-Government Organizations

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

Related issuances

CitesRR No. 3-2017

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.