RMO No. 02-2002 — Renames the Alphanumeric Tax Codes of certain revenue sources for proper classification of taxes Digest | Full Text

Quezon City February 19, 2002 REVENUE MEMORANDUM ORDER NO. 2-2002 SUBJECT: Renaming of Alphanumeric Tax Codes (ATCs) of Revenue Sources For Proper Classification of Taxes TO: All Collection Agents, Revenue District Officers and Other Internal Revenues Officers Concerned I. Objective: To facilitate proper identification and monitoring of Creditable Withholding Tax on Talent Fees for Services Rendered by Certain Individuals based on BIR Form No. 1601-E (Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)) and for Integrated Tax System (ITS) purposes, the following ATCs are hereby renamed: KIND OF TAXES ISSUANCE/ LEGAL ATC BASIS/ REASONS From To (RMO No. 14-99) Renaming of ATC for professional/talent fees Section. 3 of WI020 WI020 paid to individuals RR No. 12-2001 1. Professional entertainers - 10% if the current year's gross income is P 720,000 and below. 2. Professional entertainers - 20% if the WI020 WI021 current year's gross income exceeds P 720,000. 3. Professional athletes, including basketball WI030 WI030 players, pelotaris and jockeys - 10% if the current year's gross income is P 720,000 and below. 4. Professional athletes, including basketball WI030 WI031 players, pelotaris and jockeys - 20% if the current year's gross income exceeds P 720,000.

KIND OF TAXES ISSUANCE/ LEGAL ATC BASIS/ REASONS From To (RMO No. 14-99) 5. All directors involved in movies, stage, Section. 3 of WI040 WI040 radio, television and musical productions RR No. 12-2001 - 10% if the current year's gross income is P 720,000 and below. 6. All directors involved in movies, stage, WI040 WI041 radio, television and musical productions - 20% if the current year's gross income exceeds P 720,000. 7. Other recipients of talent fees - 10% if WI080 WI080 the current year's gross income is P 720,000 and below. 8. Other recipients of talent fees - 20% if WI080 WI081 the current year's gross income exceeds P 720,000. 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) REN� G. BA�EZ Commissioner of Internal Revenue