RMO No. 24-2002 — Creates the Alphanumeric Tax Codes (ATC) on taxes collected through the Voluntary Assessment and Abatement Program (VAAP) Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City September 30, 2002 REVENUE MEMORANDUM ORDER NO. 24-2002 SUBJECT: Creation of Alphanumeric Tax Codes (ATC) on Taxes Collected Through The Voluntary Assessment and Abatement Program VAAP (Revenue Regulations No. 12-2002) TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned ________________________________________________________________________________________________________________ _______ I. Objective : To facilitate identification and monitoring of tax collections from Voluntary Assessment and Abatement Program (VAAP) based on BIR Form No. 0611 (Voluntary Assessment & Abatement Program Payment Form) per Revenue Regulations 12-2002 (Regulations in the Implementation of VAAP for Taxpayers with Underdeclared Sales/Receipts/Income pursuant to the RELIEF Program of the Bureau) and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAXES ISSUANCE/ LEGAL BASIS/ ATC REASONS MC033 Miscellaneous Taxes/Other Revenue Revenue Regulations MC034 Sources No. 12-2002 MC035 On the revenue collected through the Voluntary Assessment and Abatement Program: � Income Taxes � Value-Added Taxes � Excise Taxes

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) GUILLERMO L. PARAYNO, Jr. Commissioner of Internal Revenue b-3