RMO No. 35-2004 — Creates Alphanumeric Tax Code for selected revenue sources under the Tax Forms Enhancement Program Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City August 9, 2004 REVENUE MEMORANDUM ORDER NO. 35-2004 SUBJECT : Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source TO under the Tax Forms Enhancement Program : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objectives : To facilitate the proper identification and monitoring of tax collections relative to Revenue Regulations No. 29-2002 imposing advance payment of VAT on sale of refined sugar and Revenue Regulations No. 16-2003, imposing advance payment of value added tax or percentage tax and of income tax on "Privilege Store". In connection with the Tax Forms Enhancement Program and the implementation of electronics filing and payment system, the following ATCs are hereby created and renamed: A. The following ATCs are hereby created: KIND OF TAXES ISSUANCE/ BIR FORM TAX RATES ATC LEGAL BASIS/ NO. MC210 MC220 REASONS MC230 MC240 MISCELLANEOUS TAXES/OTHER REVENUE SOURCES 1. Advance payment of RR No. 29- 0605 10% on the applicable base Value Added Tax on the 2002 price per 50kg bag of refined sugar Sale of Refined Sugar P150 per day or P4,500 per month 2. Advance payment of RR No. 16- 0605 during the entire Value Added Tax on 2003 duration Privilege Store P50 per day or P1,500 per month 3. Advance payment of RR No. 16- 0605 during the entire Income Tax on Privilege 2003 duration Store P150 per day or P4,500 per month 4. Advance payment of RR No. 16- 0605 during the entire Percentage Tax on 2003 duration Privilege Store

B. The following ATCs are hereby renamed: KIND OF TAXES ISSUANCE/ BIR FORM TAX RATES ATC NO. From To LEGAL BASIS/ 1st 6 months 2000 P500 in DS123 DS130 REASONS excess + P50 DS123 DS131 1st 6 months DS123 DS132 DOCUMENTARY STAMP TAXES P1,000 in excess + Charter parties and similar Sec. 197 of RA P100 1st 6 months instrument if gross tonnage No.8424 P1,500 in excess + is: (Implementation P150 � 1,000 tons and of electronics below filing and payment system) � 1,001 to 10,000 tons � over than 10,000 tons 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) GUILLERMO L. PARAYNO, Jr. Commissioner of Internal Revenue