RMO No. 24-2009 — Creates the Alphanumeric Tax Code (ATC) of selected revenue source per Revenue Regulations No. 2-2009 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City May 15, 2009 REVENUE MEMORANDUM ORDER NO. 24-2009 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source TO per Revenue Regulations No. 2 -2 00 9 : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective: To facilitate the proper identification and monitoring of certain tax payments subject to Expanded Withholding Tax pursuant to Revenue Regulations No. 2 -2009 (Amending Further Secs. 2.57.2 and 2.58 of Revenue Regulations No. 2 -98, as Amended, Subjecting to Creditable Withholding Tax the Interest Portion of the Refund of Meter Deposits by MERALCO and Other Distribution Utilities (DU) t o Residential and Non-Residential Electricity Consumers/Customers), the following ATCs are hereby created: KIND OF TAX ISSUANCE/ BIR ATC LEGAL BASIS/ FORM REASONS NO. Withholding Tax at Source a) Subject to creditable withholding tax Withholding on gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of: 1. Residential and General Service customers whose monthly electricity consumption exceeds 200 kwh as RR No. 2 -2009 1601E classified by MERALCO i) Individual W I6 6 0 ii) Corporate WC 660 2. Non-Residential customers whose RR No. 2 -2009 1601E monthly electricity consumption exceeds 200 kwh as classified by WI66 1 MERALCO WC 661 i) Individual ii) Corporate

KIND OF TAX ISSUANCE/ BIR ATC LEGAL BASIS/ FORM REASONS NO. Withholding Tax at Source a) Subject to creditable withholding tax Withholding on gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of: 3. Residential and General Service customers whose monthly electricity RR No. 2 -2009 1601E consumption exceeds 200 kwh as classified by other electric Distribution Utilities (DU) i) Individual WI662 ii) Corporate WC662 4. Non-Residential customers whose RR No. 2 -2009 1601E monthly electricity consumption exceeds 200 kwh as classified by WI663 WC663 other electric Distribution Utilities (DU ) i) Individual ii) Corporate II. Repealing Clause: This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. III. Effectivity: This Revenue Memorandum Order shall take effect immediately. (Original Signed) SIXTO S. ESQUIVIAS IV Commissioner of Internal Revenue b-3