Revenue Memorandum Order · RMO

RMO No. 3-2022

To facilitate the proper identification and monitoring of remittances for Final Income Taxes Withheld under RA No. 9505 by creating a dedicated Alphanumeric Tax Code (ATC).

Bureau of Internal RevenueIndependent research copy

Document type: RMO
Number: 3
Year: 2022
Text quality: Not specified

Document text

Reference copy · verify against the official source

This RMO creates a new Alphanumeric Tax Code (ATC) for revenue sourced under RA No. 9505, the Personal Equity and Retirement Account (PERA) Act of 2008. The new code (printed as 'wt730', likely WT730) covers total income earned from the time of a PERA account's opening to its withdrawal, at a printed rate of '20Yo' (likely 20%), with legal basis RA No. 9505 and RR No. 6-2021, and is associated with BIR Form No. 1601-FQ. Its objective is to facilitate identification and monitoring of remittances for Final Income Taxes Withheld. It revises inconsistent issuances and takes effect immediately.