RMO No. 67-2016 — Creates and modifies the description of Alphanumeric Tax Code (ATC) for pure business

REPUBLIC OF THE PHHLIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

November 11, 2016

Revenue MeMoranduM order no. (T-DD1U

SUBJECT Creation and Modification of the Description of Alphanumeric Tax Code (ATC) for Pure Business

TO All Coliection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned

I OBJECTIVE:

pursuant to the Sec. 32(A)(2) of the National interna! Revenue Code NIRC), and in connection with the Bureau's Tax Forms Enhancement Program, the following ATCs To facilitate the proper identification of tax collection from Pure Business

are hereby created and modified.

I The following ATC is hereby created:

11014 ATC Income from Profession Description 5% - 32% Tax Rate Sec. 32(A)(2) Legal Basis of the NIRC Form 1701 BIR

The following ATC is hereby modified

1012 ATC Existing Business Pure Description Modified Business Income Tax Rate 5%-32% Sec.32(A)(2) of Legai Basis the NIRC Form 1701 BIR

V RePeaLing ClAuse:

issuances inconsistent herewith This Revenue Memorandum Order (RMO) revises portions of al! other

V EFFECtIVITY:

The RMO shall take effect immediately

HUREAU OF NTERNAL REVENUE 1u AA RECORDS MGT. DIVISION DEC 2 S 706 I:14PM. Commissioner of Internal Revenue CAESAR R. DULAY

RECEIVED