RMO No. 6-2020 — Modifies the Alphanumeric Tax Code for Value-Added Tax pursuant to Revenue Regulations No. 10-2004 (re-imposing the Gross Receipts Tax on other non-bank financial intermediaries beginning January 1, 2004 which include pawnshops)

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

December 11, 2019

REVENUE MEMORANDUM ORDER NO. - &O&O

SUBJECT : Modification of AIphanumeric Tax Code (ATC) for Value-Added Tax Pursuant to Revenue Reguiations No. 10-2004 (To Further Implement the Provisions of Sec. 4 of Republic Act No. 9238 Re-Imposing the Gross Receipts Tax on Other Non-Bank Financial Intermediaries Beginning January 1, 2004 and Hereby Pawnshops Under the Classification of Other Non-Bank Financial Intermediaries) Amending for the Purpose Sec. 4 of Revenue Regulations No. 9-2004 by Including

TO All Collection Agents, Revenue District Officers and Other internal Revenue Officers Concerned

2 OBJECTIVE:

To facilitate the proper identification and monitoring of tax collection from Value-Added Tax in BIR Form Nos. 2550M (Monthly Value-Added Tax Declaration) and 2550Q (Quarterly Value-Added Tax Return) and to align the AIphanumeric Tax Codes in the forms and the ATC Handbook, pursuant to RR No. 10-2004 and RMC No. 73-2004 (Guidelines and Policies Applicable to the Business Tax Applicable to the Pawnshops as a Result of the Issuance of Revenue Regulations No. 10-2004, Including Pawnshops under the Classification of Other Non-Bank Financial Intermediaries in Accordance with the Power Granted the Commissioner of Internal Revenue under Section 4 of Republic Act No. 9238, the following ATC is hereby modified:

ATC EXISTING (per ATC Handbook) Description Rate Tax Description MODIFIED/NEW Legal Basis FORM BIR NO.

VB102 Lending Investors/Dealer in Pre-Need Co. Securities/Pawnshops/ 12% Lending Investors/Dealer in Securities/Pre-Need Co RMC No 10-2004/ 73-2004 RR No. 2550Q 2550M/

I REPEALING CLAUSE:

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

! EFFECTIVITY:

This RMO shall take effect immediately.

B-3 HUREAUGFINT NNEYYT FEB 06 2020 3:35.PM1 CRNALRFVFNUE UhXe a Commissioner of Internal Revenue Caesat: r. duLAy B 032657

RECOROS MGT E