November 5, 2018
REVENUE MEMORANDUM ORDER NO. 003-19
| SUBJECT | : | Creation and Dropping of Alphanumeric Tax Code (ATC) on Microfinance Non-government Organization (NGOs) and Documentary Stamp Tax (DST) in BIR Form 2000-OT under Republic Act (RA) No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Law |
| TO | : | Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned |
I. OBJECTIVE:
To facilitate the proper identification and monitoring of tax collections from Microfinance NGOs and Documentary Stamp Tax in BIR Form No. 2000-OT (Documentary Stamp Tax Declaration/Return — One Time Transactions) pursuant to RA No. 10963. AScHCD
II. THE FOLLOWING ATCs ARE HEREBY CREATED:
ATC | Description | Tax Rate | Legal Basis | BIR |
IC210 | Preferential tax rate on Microfinance NGOs | 2% | Sec. 20 of RA No. 10693 | 1702Q |
RR No. 3-2017 | 1702MX | |||
Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificate of Stock | Sec. 52 of RA No. 10963 | 2000-OT | ||
DO102 | a. In case of stock with par value | P1.50/P200.00 | ||
DO125 | b. In case of stock without par value | 50% of DST paid on original issue | ||
DO122 | Deeds of Sale, Conveyances, and Donation of Real Property | P15.00/P1,000.00 | Sec. 69 of RA No. 10963 | 2000-OT |
III. THE FOLLOWING ATCs ARE...
