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RMO No.5-2019

The document modifies the alphanumeric tax codes (ATCs) for compensation income and withholding taxes to properly identify and monitor tax collection under the Tax Reform for Acceleration and Inclusion Act. The ATCs for compensation income tax returns and capital gains taxes on real property sales were changed. The revenue memorandum order takes effect immediately to revise any inconsistent prior issuances.
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0% found this document useful (0 votes)
80 views2 pages

RMO No.5-2019

The document modifies the alphanumeric tax codes (ATCs) for compensation income and withholding taxes to properly identify and monitor tax collection under the Tax Reform for Acceleration and Inclusion Act. The ATCs for compensation income tax returns and capital gains taxes on real property sales were changed. The revenue memorandum order takes effect immediately to revise any inconsistent prior issuances.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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iluI'(EAU OF ilv i*,rrriiL r{r v':r!

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REPUBLIC OF THE PHILIPPINES


li)) a.4 a rt4,
llii t0
DEPARTMENT OF FINANCE tr( JAil 1 ar,
BUREAU OF INTERNAL R,EVENUE
Quezon CitY l1'\i ):a
a 0RDS I\,4GT. DiVl$lO
December 19,2018

REVENUE MEMORANDUM ORDER NO. 5- lqq

SUBJECT : Modification of Alphanumeric Tax Code (ATC) for Compensation Income


under Republic Act (RA) No. 10963, otherwise known as the Tax Reform for
Acceleration and Inclusion (TRAIN) Act and for Withholding Taxes

TO . All Collection Agents, Revenue District Officers and Other Internal Revenue
Officers Concerned

I. OBJECTIVE:

To facilitate the proper identification and mcnitoring cf tax collection from Indiviciual Income
Tax in BIR. Form Nos. 1700 (Annuai income Tax Rerurn For inciiviciuais Earning Pureiy Compensaiion
income Including Non-Business/Non-Profession Income), 1701 (Annual Income Tax Return For Self-
'1701Q (Quarterly income Tax Return For indiviCuals,
Employed Individuals, Estates and Trusts) anci
Estates and Trusts) pursuant to RA No. 10963, and fr"om withholding taxes and for Integrated Tax
Systems (lTS) purposes, the following ATCs are hereby modified:

MCDIFIED/
EXISTING (per ATC Handbook) NEW
BIR
BIR Form
ATC Description Tax Rate Form Legal Basis
No.
_ !r.

IiO11 Compensation Income Graduated 1701 RA No. 10963 1 700


Income Tax 1701Q RR l.lo. i1-2018 17 A1

Rates 1701Q

Income payments subject to final 1 600


withholding taxes 1601-E
1 601 -F
WI45O 1. Capitai gains Tax on 6Yo 1) A-7
RR 17-2003
saie/exchange or other Sec. 2.57.1 (A) (6)
dispositicn of real property -
individual

WC45O 2. Capital gains tax on the 67o RR 17-2003


saler/exchange or other 9ec.2.57.1 (G) (5)
drsposition of land and building
co rpo rate
l
N. REPEALING CLAUSE:

This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent
herewith.

ilI. EFFECTIVITY:

This RMO shall take effect immediately.

/#o'-.
CAESAR R. DULAY
Commissioner of Internal Revenue
022769
B-3 ;iiiErtJ oF NtFt{}at rtYF-!!E

JAN 15

REC ORDS MG T. DIVISION

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