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RMO No. 28-2018: Creates and modifies the Alphanumeric Tax Codes (ATCs) for Individual Income Tax under RA No. 10963 (TRAIN Act)

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Summary

RMO No. 28-2018 creates and modifies Alphanumeric Tax Codes (ATCs) for Individual Income Tax under Republic Act No. 10963 (TRAIN Act).

Key points

  1. ATCs created. ATC II015 is Business Income, II016 is Mixed Income and II017 is Income from Profession, all at the 8% Income Tax Rate under RA No. 10963. They are used in BIR Form 1701/1701Q.
  2. ATCs modified. ATCs II011 (Compensation Income), II012 (Business Income), II013 (Mixed Income) and II014 (Income from Profession) now refer to Graduated Income Tax Rates. Their legal basis is RA No. 10963, and they are used in BIR Form 1701/1701Q.

Who is affected

  • Individual income taxpayers

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.