RMO No. 14-2018 — Creates Alphanumeric Tax Codes (ATCs) for the remittance of Creditable/Final Income Taxes withheld under the TRAIN Law

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

February 15, 2018

REVENUE MEMORANDUM ORDER NO._/4- 20/3

SUBJECT Creation of Alphanumeric Tax Code (ATC) of Seiected Revenue Source under Republic Act (RA) No. 10963, otherwise known as Tax Reform for Acceleration

and Inclusion (TRAIN) Act

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

I OBJECTIVE:

To facilitate the proper identification and monitoring of monthly withholding tax remittances for Creditabie Income Taxes Withheld (Expanded) and Final Income Taxes Withheld pursuant to the implementation of RA No. 10963, the following ATCs are hereby created:

ATC Description Tax Rate Legal Basis BIR Form

WME10 Remittance of Creditable Income Taxes Withheld (Expanded) Sec. 6 of the NIRC RA No. 10963 0619-E

Withheld Remittance of Final Income Taxes Sec. 6 of the NIRC RA No. 10963 0619-F

WMF10 1. On Interest Paid on Deposits and Yield

WMF20 On Other Final Income Taxes on Deposit Substitutes/Trusts/Etc.

I REPEALING CLAUSE:

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

I EFFECTIVITY:

This RMO shall take effect immediately.

THLISI OF INTERNAL REVEITJE s IECORUS MGT DIVISIEN CAeSAr R. duLAy

B - 3 MAR 0 9 2018 Commissioner of Internal Revenue 014028

FEFYUEO