RMO No. 65-2010 — Modifies the Alphanumeric Tax Code for tax on amusement places Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City July 16, 2010 REVENUE MEMORANDUM ORDER NO. 65-2010 SUBJECT : Modification of Alphanumeric Tax Code (ATC) of Selected Revenue TO Source 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 Form Tax Legal Description Tax No. ATC Description Rate Basis ATC Rate WB150 Tax on cabarets, night 18% Section WB150 Tax on amusement 18% 1600/2307 or day clubs 125(b) places, such as cabarets, of RA night and day clubs, No. 8424 videoke bars, karaoke bars, karaoke television, karaoke boxes, music lounges and other similar establishments 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) KIM S. JACINTO-HENARES Commissioner of Internal Revenue B-3/jct