Summary
RMO No. 48-2011 creates Alphanumeric Tax Codes (ATC) for certain income payments subject to Expanded Withholding Tax under RR No. 13-2011, which implements the tax provisions of RA No. 9856, the Real Estate Investment Trust Act of 2009.
Key points
- Income payments received by a REIT. ATC WC 690 applies to corporate payees at a 1% rate. The return is BIR Form No. 1601-E and the certificate is BIR Form No. 2307.
- REIT dividends under final tax. Cash or property dividends paid by a REIT are subject to final tax at 10%. The code is WI 700 for individuals and WC 700 for corporations, filed under BIR Form No. 1601-F with BIR Form No. 2306.
Who is affected
- Real Estate Investment Trusts and their payees
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.