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Revenue Memorandum Order · RMO

RMO 49-2024

To create an Alphanumeric Tax Code (ATC) for Final Withholding Tax representing Franchise Tax on payments to a non-resident foreign corporation supplier of PAGCOR, pursuant to Revenue Regulations No. 2-98.

Bureau of Internal RevenueIndependent research copy
Document type
RMO
Number
49
Year
2024
Text quality
Not specified

Document text

Reference copy · verify against the official source
RMO No. 49-2024 (issued December 9, 2024) creates a new Alphanumeric Tax Code (ATC), WC810, for Final Withholding Tax representing Franchise Tax on payments to non-resident foreign corporation (NRFC) suppliers of PAGCOR related to its gaming operations. The ATC carries a 5% tax rate, cites Revenue Regulations No. 2-98 as legal basis, and is associated with BIR Forms 1601-FQ and 2306.