Summary
RMO No. 28-2000, issued August 17, 2000, creates new Alphanumeric Tax Codes (ATCs) for taxes paid by stock, real estate, commercial, customs and immigration brokers.
Key points
- ATCs for 2000. The new ATCs are PT210 for other percentage tax and WB210 for withholding tax on business. They apply effective January 1, 2000.
- Replacement in 2001. Beginning January 1, 2001, these ATCs are dropped and replaced by VB210 for Value-added Tax and WV210 for withholding of creditable VAT.
Who is affected
- Stock, real estate, commercial, customs and immigration brokers
Deadlines and effectivity
- PT210 and WB210 apply effective January 1, 2000
- Replaced by VB210 and WV210 beginning January 1, 2001
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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