RMO No. 12-2024 — Creates Alphanumeric Tax Code (ATC) for Final Withholding Tax on Gross Income Earned by Foreign Nationals Employed and Assigned in the Philippines by Offshore Gaming License

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE ZoPL MAR 25 7076

National Office Building Quezon City 1.DIVISION

March 18, 2024

REVENUE MEMORANDUM ORDER NO./2- 2024

SUBJECT Creation of Alphanumeric Tax Code (ATC) for Final Withholding Tax on Gross

in the Philippines by Offshore Gaming Licensee Income Earned by Foreign Nationals Who are Employed and Assigned

TO All Collection Agents, Revenue District Officers and Other Internal Revenue Officers

Concerned

OBJECTIVE:

on gross income earned by foreign nationals who are employed and assigned in the Philippines the following ATC is hereby created: by offshore gaming licensee pursuant to the issuance of Revenue Regulations (RR) No. 20-2021 To facilitate the proper identification and monitoring of payment for final withholding tax

ATC Description Tax Rate Legal Basis BIR Form No.

WI750 On gross income earned by foreign Provider nationals or non-Filipino citizens, regardtess of their residency, who are Philippines by Offshore Gaming Licensee or its Accredited Service employed and assigned in the 25% R.A. No. 11590/ RR No. 20-2021 1601-FQ/ 2306

REPEALING CLAUSE:

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

J EFFECTIVITY:

This RMO shall take effect immediately.

B-3 Commissioner of Internal Revenue ROMEO D. LUMAGUI, JR.

MAR ?5 Deputy Cmmissioner MarissAo. caBreros Legat clakn. Officer-in-Charge (por"D ONo..32L.202y) Dato of signing :3-32 202 -0 38 8