RMO No. 48-2011 — Creates the Alphanumeric Tax Code (ATC) of certain income payments subject to Expanded Withholding Tax Digest | Full Text

SUBJECT REPUBLIC OF THE PHILIPPINES TO DEPARTME OFINANCE BUREAU OF INTERNAL REVENUE Quezon City December 26, 2011 REVENUE MEMORANDUM ORDER NO. 48-2011_ : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 13-2011 : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective: To facilitate the proper identification and monitoring of certain income payments subject to Expanded Withholding Tax pursuant to Revenue Regulations No. 13-2011 (Implementing the Tax Provisions of Republic Act No. 9856 Otherwise Known as "The Real Estate Investment Trust Act of 2009"), the following ATCs are hereby created: ATC Description Legal Basis Tax Rate BIR Form No. Income payments subject RR No. 13-2011 to Withholding Tax received by Real Estate Investment Trust (REIT) WC 690 i) Corporate 1% 1601-E/ 2307 Cash or property RR No. 13-2011 dividends paid by a REIT subject to Final Tax WI 700 i) Individual 10% 1601-F/ WC 700 ii) Corporate 10% 2306 1601-F/ 2306 II. Repealing Clause: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. Effectivity: This RMO shall take effect immediately. (Original Signed) KIM S. JACINTO-HENARES Commissioner of Internal Revenue B-3/tbm