Creation of Alphanumeric Tax Code (ATC) for Voluntary Assessment and Payment Program Pursuant to the Implementation of Revenue Regulations (RR) No. 21-2020 (Voluntary Assessment and Payment Program for Taxable Year 2018 Under Certain Conditions)

September 17, 2020REVENUE MEMORANDUM ORDER NO. 034-20SUBJECT : Creation of Alphanumeric Tax Code (ATC) for Voluntary Assessment and Payment Program Pursuant to the Implementation of Revenue Regulations (RR) No. 21-2020 (Voluntary Assessment and Payment Program for Taxable Year 2018 Under Certain Conditions)   TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE:To facilitate the proper identification and monitoring of tax collection from Voluntary Assessment and Payment Program (VAPP) in connection with the implementation of RR No. 21-2020 and for inclusion in BIR Form Nos. 2119 [Voluntary Assessment and Payment Program (VAPP) Application Form] and 0622 [Voluntary Assessment and Payment Program (VAPP) Payment Form], the following ATCs are hereby created:  ATCDescriptionLegal BasisBIR Form No. On the revenue collected through Voluntary Assessment and Payment Program (VAPP):RR No. 21-202021190622MC3411. Income Tax (IT), Value-Added Tax (VAT), Percentage Tax (PT), Excise Tax (ET), and Documentary Stamp Tax (DST) other than DST on One-Time Transactions (ONETT)  MC3422. Final Withholding Taxes (on Compensation, Fringe Benefits, etc.) and Creditable Withholding Taxes (CWT) other than CWT on ONETT  ...