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RMO No. 47-2019: Modifies and drops the Alphanumeric Tax Code (ATC) on Final Withholding Tax on Amounts Withdrawn from Decedent’s Deposit Account and Excise Tax on the Performance of Services on Invasive Cosmetic Procedures pursuant to RR No. 8-2019 and RR No. 2-2019

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Summary

RMO No. 47-2019 modifies one Alphanumeric Tax Code (ATC) and drops two others, pursuant to RR No. 8-2019 and RR No. 2-2019.

Key points

  1. ATC modified. ATC WI165 covers Final Withholding Tax at 6% on amounts withdrawn from a decedent’s deposit account under RR No. 8-2019. The BIR forms change from 1602Q/2306 to 1621/0620/2306.
  2. ATCs dropped. ATC W1800 (individual) and WC800 (corporate) on Final Withholding of Excise Tax at 5% on the performance of services on invasive cosmetic procedures are dropped. Their legal basis was RR No. 2-2019 and the BIR form was 1620-XC.

Who is affected

  • Banks withholding on a decedent’s deposit account
  • Persons performing invasive cosmetic procedures

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

Related issuances

CitesRR No. 12-2018RR No. 2-2019RR No. 8-2019

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.