October 7, 2019
REVENUE MEMORANDUM ORDER NO. 054-19
| SUBJECT | : | Modification of Alphanumeric Tax Code (ATC) for Value-Added Tax under Revenue Regulations No. 8-2002 (Amending Further Pertinent Provisions of Revenue Regulations No. 7-95, as Amended, with Respect to the Time of Filing of Quarterly VAT Returns; Contents and Submission of Quarterly Total of Monthly Sales and Purchases Per Supplier or Customer, and Providing for the Penalties and Effect of Non-Submission Thereof; and Clarifying Further the Mode of Remittance of VAT Due from Non-Residents) |
| 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 Value-Added Tax in BIR Form Nos. 2550M (Monthly Value-Added Tax Declaration) and 2550Q (Quarterly Value-Added Tax Return) and to align the Alphanumeric Tax Codes in the forms with the ATC Handbook, pursuant to RR No. 8-2002, the following ATCs are hereby modified: HTcADC
EXISTING (per ATC Handbook) | MODIFIED/NEW | BIR FORM NO. | |||
ATC | Description | Tax Rate | Description | Legal Basis | |
VB102 | Dealers on Securities/Lending Investors | 12% | Lending Investors/Dealer in Securities/Pawnshops/Pre-Need Co. | RR No. 8-2002 | 2550M/2550Q |
Operators of Common Carriers with Respect to Transport Cargo | Transport...
AIC Grande Tower Garnet Road
Mobile No. +639451244898 |
