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
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