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, 2019

REVENUE MEMORANDUM ORDER NO. 020-19

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/ NEW
ATC	Description	Tax Rate	BIR Form No.	Legal Basis	BIR Form No.
II012	Business Income — Graduated Income Tax Rates	Graduated... Login to see full content submit AIC Grande Tower Garnet Road Ortigas Center, Pasig City Metro Manila Philippines Mobile No. +639451244898 digestph@gmail.com Please read our FAQ before contacting us. Legal Research Pricing Decisions Laws Taxation Corporate Labor Resources Bar Exams Reviewers Legal Aid Offices Court Directory Legal Dictionary Blog Legal Pricing Lawyers About Contact Us Hiring FAQs