Tax Alert No. 3 [Revenue Memorandum Order (RMO) No. 4-2022 dated 14 January 2022]

Modification of Alphanumeric Tax Code (ATC) of Selected Revenue Sources under Republic Act (RA) No. 11534, otherwise known as Corporate Recovery and Tax Incentives for Enterprise (CREATE) Act 

The Commissioner of Internal Revenue has issued Revenue Memorandum Order (RMO) No. 4-2022 to facilitate the proper identification and monitoring of tax collection from Corporate Income Tax in the following BIR Forms pursuant to RA No. 11534 or the CREATE Act:

• BIR Form No. 1702Q (Quarterly Income Tax Return for Corporations, Partnerships and Other Non-individual Taxpayers)
• BIR Form No. 1702-RT (Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to Regular Income Tax Rate); and
• BIR Form No. 1702-MX (Annual Income Tax Return For Corporation, Partnership and Other Non-Individual with Mixed Income Subject to Multiple Income Tax Rates or with Income Subject to Special/Preferential Rate).

Please refer to Annex A for the table containing the modified ATCs.

You may access the full version of the Circular through the BIR website.