RMO No. 11-2009 — Modifies the description of Alphanumeric Tax Codes WI/WC 158 and WI/WC 160 for certain income payments Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FIN_A_N__C_E____ BUREAU OF INTERNAL REVENUE Quezon City March 10, 2009 REVENUE MEMORANDUM ORDER NO. 11-2009 SUBJECT : Modification of the Description of Alphanumeric Tax Codes (ATCs) WI/WC 158 and WI/WC 160 for Certain Income Payments per Revenue Regulations No. 14-2008 TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned ________________________________________________________________________ I. Objective : To facilitate the proper identification and monitoring of certain income payments subject to Creditable Withholding Tax as implemented by Revenue Regulations No. 14-2008, the description of the following ATCs are hereby modified: EXISTING MODIFIED/NEW ATC Description ATC Description WI/WC 158 WI/WC 158 Income payments made by Income payments made by WI/WC 160 Top 10,000 private corpora- WI/WC 160 Top 20,000 private corpora- tions to their local/resident tions to their local/resident supplier of goods supplier of goods Income payments made by Income payments made by Top 10,000 private corpora- Top 20,000 private corpora- tions to their local/resident tions to their local/resident supplier of services supplier of services II. Repealing Clause : All existing revenue issuances or portions thereof, which are contrary to or inconsistent with the above provision is hereby revoked or amended accordingly. III. Effectivity : This Revenue Memorandum Order shall take effect immediately. (Original Signed) SIXTO S. ESQUIVIAS IV Commissioner of Internal Revenue