RMO No. 24-2022 — Drops the Alphanumeric Tax Code (ATC) for revenue source under RA No. 9505 (Personal Equity and Retirement Account Act of 2008)

BURERID NTEENAT EVENUE REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City 3:00.pm APR 2 8 2022

Y ILViSION

March 04, 2022

REVENUE MEMORANDUM ORDER NO. &4 - 20& &

SUBJECT: Dropping of Alphanumeric Tax Code (ATC) for Revenue Source under Republic Act (RA) No. 9505, otherwise known as Personal Equity and Retirement Account (PERA) Act of 2008

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

OBJECTIVE:

Withheld pursuant to the implementation of RA No. 9505 and due to the latest development on the proper classification of the nature of penalty on early withdrawal under ePERA, the following ATC is hereby dropped: To facilitate the proper identification and monitoring of remittances for Final Income Taxes

ATC Description Tax Rate Legal Basis BIR Form No.

WI730 Total income earned from the time of its Personal Equity and Retirement Account (PERA) Act of 2008 opening to its withdrawal under the 20% RR No. 6-2021 RA No. 9505/ 1601-FQ

I REPEALING CLAUSE:

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

I EFFECTIVITY:

This RMO shall take effect immediately.

Commissioner of Internal Revenue CAESAR R. DULAY

B-3

MARIGSAU.CABREROS Deputl Commissioner Offi&er-in-Charge Iaga! Group 0348