RMO No. 78-2010 — Modifies the Alphanumeric Tax Code for tax on amusement places per RA No. 8424 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City O August 11, 2010 October 14, 2010 REVENUE MEMORANDUM ORDER NO. 78-2010 SUBJECT : Modification of Alphanumeric Tax Code (ATC) of Selected Revenue Source TO Per Republic Act No. 8424 Pursuant to Revenue Memorandum Circular No. 18-2010, Clarification on the Coverage and Taxability of Amusement Places under Section 125(b) of the National Internal Revenue Code, as Amended : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of tax on amusement places, the following ATC is hereby modified: EXISTING (per ATC Handbook) MODIFIED/NEW BIR Description Form ATC Description Tax Legal ATC Tax No. PT150 Rate Basis Rate 2551Q Tax on cabarets, night or 18% Section PT150 Tax on amusement places, 18% day clubs 125(b) of such as cabarets, night RA No. and day clubs, videoke 8424 bars, karaoke bars, karaoke television, karaoke boxes, music lounges and other similar establishments II. Repealing Clause: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. Effectivity: This RMO shall take effect immediately. (O (Original Signed)riginal Sigiginal Sign KIM S. JACINTO-HENARES Commissioner of Internal Revenue B-3/tbm