Revenue Memorandum Orders RMO No. 27-2017RMO No. 27-2017 2017-10-04

RMO No. 27-2017 — Creates Alphanumeric Tax Code (ATC) for Microfinance Non-Government Organizations (NGOs) Digest | Full Text

*a RE,PUBLIC OF' THE PHILIPPINIES DE,PARTMENT OF F'INANICE BUREAT] OF INTERNAL RE\/trNUE Quezon City August 29, 2017 REVENUE MEMORANDUM ORDER NO. A 7 - D IT '. SUBJECT : Creation of Alphanumeric Tax Code (ATC) for Microfinance Non-government Organization (NGOs) TO All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification of tax collection from Microfinance NGOs pursuant to Republic Act No, 10693, otherwise known as the "Microfinance NGOs Act", which was implemented by Revenue Regulations No. 3-2017, and in connection with the Bureau's Tax Forms Enhancement Program, the following ATC is hereby created: ATC Description Tax Rate Legal Basis BIR Form 2551M PT1 1B Preferential tax rate on a1/0o/ Sec. 20 of RA No. 1 0693 Microfinance NGOs RR No. 3-2017 U. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent h e rewith. M. EFFECTIVITY: This RMO shall take effect immediately. /#'^SV " CAESAR R. DULAY B-3

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