Modification of Alphanumeric Tax Code (ATC) for Withholding Taxes in BIR Form No. 1601-EQ Pursuant to Revenue Regulations (RR) No. 1-2019

March 19, 2019REVENUE MEMORANDUM ORDER NO. 016-19SUBJECT:Modification of Alphanumeric Tax Code (ATC) for Withholding Taxes in BIR Form No. 1601-EQ Pursuant to Revenue Regulations (RR) No. 1-2019   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 withholding taxes in BIR Form No. 1601-EQ (Quarterly Remittance Return of Creditable Income Taxes Withheld [Expanded]) pursuant to RR No. 1-2019, the following ATCs are hereby modified: DEIHAa EXISTING (per ATC Handbook)MODIFIED/NEWATCDescriptionTaxRateBIRFormNo.Legal BasisTax Rate On gross amount of refund given by MERALCO to customers with active contracts as classified by MERALCO 1601-EQRR No. 1-2019 WI6501.   Individual25%  15%WC6512.   Corporate     On gross amount of refund given by MERALCO to customers with terminated contracts as classified by MERALCO    WI6511.   Individual32%  15%WC6512.   Corporate     On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer's billings of Non-Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by MERALCO    WI6611.   Individual10%  15%WC6612.   Corporate     On gross amount of interest...