RMO No. 33-2009 — Creates the Alphanumeric Tax Code (ATC) for additional income payments subject to Creditable Withholding Tax per Revenue Regulations No. 8-2009 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE November 11, 2009 REVENUE MEMORANDUM ORDER NO. 33 -2009 SUBJECT : Creation of Alphanumeric Tax Code (ATC) for Additional Income TO Payments Subject to Creditable Withholding Ta x per Revenue Regulations No. 8-2009 : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective: To facilitate the proper identification and monitoring of certain tax payments subject to Creditable Expanded Withholding Tax pursuant to Revenue Regulations No. 8-200 9 (Amending Further Secs. 2.57.2 and 2.57.3 of Revenue Regulations No. 2 -98, as Amended, Subjecting to Creditable Withholding Tax the Income Payments Made by Political Parties and Candidates of Local and National Elections of All Their Campaign Expenditures and Income Payments Made by an Individual or Juridical Person Forming Part of Their Campaign Contributions to Candidates of Local and National Elections and to Political Parties, the fo llowing ATCs are hereby created: KIND OF TAX ISSUANCE/ BIR ATC TAX LEGAL BASIS/ FORM RATE WI68 0 REASONS NO. WC68 0 5% 5% Subject to creditable withholding tax Income payments made RR No. 8-2009 1601E by political parties and candidates of local and national elections of all their campaign expenditures, and income payments made by individuals or juridical persons for their purchases of goods and services intended to be given as campaign contribution to political parties and candidates i) Individual ii) Corporate

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) JOEL L. TAN-TORRES Senior Deputy Commissioner (Approved pursuant to the authority under Executive Order No. 827 Series of 2009) B-3