Revenue Memorandum Order · RMO
RMO No. 18-2022 Digest
The issuance modifies the Alphanumeric Tax Code (ATC) of selected revenue sources under Republic Act No. 10963 (TRAIN Act), as shown in an existing-vs-modified table of ATCs, tax rates, BIR form numbers, and legal bases.
- Document type
- RMO
- Number
- 18
- Year
- 2022
- Text quality
- Not specified
Document text
Reference copy · verify against the official sourceRMO No. 18-2022, issued March 30, 2022, modifies the Alphanumeric Tax Code (ATC) entries for capital gains from the sale of shares of stock not traded in the Local Stock Exchange, changing the tax rate shown from 5%/10% to 15% for individuals (ATC II030) and for domestic and foreign corporations (both rows shown under ATC IC110). Legal basis is cited as R.A. No. 10963 (TRAIN Act) for the individual and domestic-corporation rows, and R.A. No. 11534/RR No. 2-2021 for the foreign-corporation row; BIR Form Nos. 1707/1707-A are referenced for all entries. The provided text is a short, OCR-noisy excerpt limited to the ATC table, so the full issuance may contain additional details not visible here.