RMO No. 34-2002 — Creates the Alphanumeric Tax Codes (ATC) on taxes collected through the Voluntary Assessment and Abatement Program (VAAP) Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City December 9, 2002 REVENUE MEMORANDUM ORDER NO. 34-2002 SUBJECT: Creation of Alphanumeric Tax Codes (ATC) on Taxes Collected Through the Voluntary Assessment and Abatement Program (VAAP) per Revenue Regulations No. 17 - 2002 TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of tax collection from the Expanded Voluntary Assessment and Abatement Program based on BIR Form No. 0611 (VAAP Payment Form) per Revenue Regulations No. 17 � 2002 (Regulations Providing for the Policies, Procedures and Guidelines in the Implementation of the Expanded Voluntary Assessment and Abatement Program) and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAXES ISSUANCE/ LEGAL ATC BASIS/ REASONS Miscellaneous Taxes/Other Revenue Sources Revenue Regulations No. 17 � 2002 On the revenue collected through the Expanded Voluntary Assessment and Abatement Program a. Withholding Tax on Compensation MC 070 b. Expanded Withholding Tax MC 071 c. Final Withholding Tax (in general) MC 072 d. Withholding Tax on Banks & Other MC 073 Financial Institutions MC 074 e. Withholding Tax on Fringe Benefits MC 075 f. Withholding Tax � PT on Winnings & MC 076 Prizes g. Withholding Tax on Sale/Transfer/ MC 077 Barter or Other Disposition of Real Property Other Than Capital Asset h. Capital Gains Tax on Sale/Transfer/ Barter or Other Disposition of Real Property Classified as Capital Asset

KIND OF TAXES ISSUANCE/ LEGAL ATC BASIS/ REASONS i. Capital Gains on Sale/Barter or MC 078 Other Disposition of Shares of Stock Not Traded Through the MC 079 Local Stock Exchange MC 080 j. Improperly Accumulated MC 081 Earnings Tax MC 082 k. Percentage Tax (Quarterly) MC 083 l. Percentage Tax (Monthly) MC 084 m. Value-Added Tax and Other MC 085 MC 086 Percentage Tax Withheld MC 087 n. Percentage Tax � Stocks (IPO) MC 088 o. Percentage Tax � Stocks MC 089 p. Estate Tax q. Donor's Tax r. Documentary Stamp Tax s. Tax Under Special Laws t. Accrued Penalties 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) GUILLERMO L. PARAYNO, Jr. Commissioner of Internal Revenue b-3