Modification of Alphanumeric Tax Code (ATC) for Business Income and Income from Profession in BIR Form Nos. 1701/1701A/1701Q Pursuant to the Implementation of Republic Act (RA) No. 10963, also known as Tax Reform for Acceleration and Inclusion (TRAIN)

April 1, 2019REVENUE MEMORANDUM ORDER NO. 020-19SUBJECT:Modification of Alphanumeric Tax Code (ATC) for Business Income and Income from Profession in BIR Form Nos. 1701/1701A/1701Q Pursuant to the Implementation of Republic Act (RA) No. 10963, also known as Tax Reform for Acceleration and Inclusion (TRAIN)   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 Business Income and Income from Profession in BIR Form Nos. 1701 — Annual Income Tax Return Individuals (including Mixed Income Earner), Estates and Trusts; 1701A — Annual Income Tax Return Individuals Earning Income Purely from Business/Profession [Those under the graduated income tax rates with OSD as mode of deduction or those who opted to avail of the 8% flat income tax rate]; and 1701Q — Quarterly Income Tax Return for Individuals, Estates and Trusts, in connection with the implementation of RA No. 10963, the following ATCs are hereby modified: SDHTEC EXISTING (per ATC Handbook)MODIFIED/NEWATCDescriptionTax RateBIR FormNo.LegalBasisBIR FormNo.II012Business Income — Graduated Income Tax RatesGraduated Income Tax Rates1701/1701QRA No....