RMO No. 78-2010: Modifies the Alphanumeric Tax Code for tax on amusement places per RA No. 8424

Summary

RMO No. 78-2010 modifies the Alphanumeric Tax Code (ATC) for the tax on amusement places under RA No. 8424, pursuant to Revenue Memorandum Circular No. 18-2010.

Key points

1. Code and rate. ATC PT150 stays at 18%, with Section 125(b) of RA No. 8424 as the legal basis. The applicable BIR form is 2551Q.
2. New description. The existing description, Tax on cabarets, night or day clubs, is replaced. It now reads Tax on amusement places, such as cabarets, night and day clubs, videoke bars, karaoke bars, karaoke television, karaoke boxes, music lounges and other similar establishments.

Who is affected

• Operators of cabarets, night and day clubs, videoke and karaoke bars, music lounges and similar establishments

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