RMO No. 12-2003 — Creates the Alphanumeric Tax Codes (ATC) of selected revenue sources subject to Value Added Tax per Revenue Regulations No. 1-2003, Revenue Memorandum Circular No. 6-2003 and Unnumbered Revenue Regulations Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City April 24, 2003 REVENUE MEMORANDUM ORDER NO. 12 - 2003 SUBJECT: Creation of Alphanumeric Tax Codes (ATC) of Selected Revenue Sources Subject to Value Added Tax Per Revenue Regulations No. 1-2003, Revenue Memorandum Circular No. 6-2003 and Unnumbered Revenue Regulations TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of Value Added Taxes and for Integrated Tax System (ITS) purposes, the following ATCs are hereby created: KIND OF TAXES ISSUANCE/ LEGAL ATC on BASIS/ REASONS VAT On services rendered by persons engaged in the RR 1-2003 VS062 practice of profession or calling and professional services rendered by general professional partnerships On services rendered by stock, real estate, RR 1 �2003 VS210 commercial, customs, insurance and immigration RMC 6-2003 VS111 brokers. On services rendered by banks, non-bank financial intermediaries, finance companies and other financial intermediaries not performing quasi-banking functions 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