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RMO No. 34-2020: Creates the Alphanumeric Tax Code (ATC) for Voluntary Assessment and Payment Program pursuant to the implementation of Revenue Regulations No. 21-2020 (Voluntary Assessment and Payment Program for Taxable Year 2018 Under Certain Conditions)

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Summary

RMO No. 34-2020 creates Alphanumeric Tax Codes (ATC) for the Voluntary Assessment and Payment Program (VAPP) under Revenue Regulations No. 21-2020.

Key points

  1. ATC MC341. Covers revenue collected through the VAPP from Income Tax, Value-Added Tax, Percentage Tax, Excise Tax and Documentary Stamp Tax, other than DST on One-Time Transactions (ONETT).
  2. ATC MC342. Covers Final Withholding Taxes (on Compensation, Fringe Benefits, etc.) and Creditable Withholding Taxes, other than CWT on ONETT.
  3. ATC MC343. Covers taxes on ONETT, such as Estate Tax, Donor’s Tax, Capital Gains Tax, ONETT-related CWT/Expanded Withholding Tax and DST.
  4. Related forms. The codes are used with BIR Form No. 2119 and BIR Form No. 0622.

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

Related issuances

CitesRR No. 21-2020
Cited byRMO No. 36-2019

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.