Summary
RMO No. 9-2025 creates Alphanumeric Tax Codes for selected revenue sources under RR No. 2-1998.
Key points
- Sale of residential house and lot. ATC WI559 and WC559 cover the sale of residential house and lot and other residential dwellings, listed for individual and corporate sellers. The tax rate is 5%.
- Sale of real property as ordinary assets. ATC WI560 and WC560 cover the sale of real property classified as ordinary assets of the seller or transferor, other than residential house and lot and other residential dwellings. The tax rate is 6%.
- Legal basis and forms. Both entries have RR No. 2-1998 as legal basis and use BIR Form No. 1606 / 2307.
Who is affected
- Individual and corporate sellers of real property
Deadlines and effectivity
- Issued February 27, 2025
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.