RMO No. 46-2010 — Modifies the Alphanumeric Tax Code of selected revenue source per Republic Act (RA) No. 8424, as amended by RA No. 9337 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City March 22, 2010 REVENUE MEMORANDUM ORDER NO. 46 - 2010 SUBJECT : Modification of Alphanumeric Tax Code (ATC) of Selected Revenue TO Source per Republic Act No. 8424 as Amended by Republic Act No. 9337 : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of Excise Tax on Mineral and Mineral Products, the following ATCs are hereby modified: EXISTING (per ATC Handbook) MODIFIED/NEW BIR Form ATC Description Tax Legal ATC Description Tax No. Rate Basis Rate 2200-M/0605 XM030 Tax on Gold and 2% Section XM040 Tax on Gold and 2% chromite 18 of RA chromite No. 9337 XM040 Tax on Copper and 2% Section XM030 Tax on Copper and 2% 2200-M/0605 other metallic 18 of RA other metallic minerals No. 9337 minerals 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 Commissioner of Internal Revenue B-3