Tax Alert No. 30 [Revenue Memorandum Order (RMO) No. 46-2025 dated 27 October 2025]
05 Nov 2025
Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source under Revenue Regulations (RR) No. 24-2025
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order (RMO) No. 46-2025, introducing new Alphanumeric Tax Codes (ATCs) for income payments made by top withholding agents to certain manufacturers and direct importers.
To facilitate proper identification and monitoring of creditable withholding tax payments by top withholding agents under RR No. 24-2025 (amending Section 2.57.2(1) of RR No. 2-98, as amended), the following ATCs have been created:
ATC
|
Description
|
Tax rate
|
Legal basis
|
BIR Form No.
|
WI840 (Individual) / WC840 (Corporate)
|
Income payments made by top withholding agents, either private corporations or individuals, to the manufacturers and direct importers of motor vehicles in Completely Built Units (CBUs) or Semi-Knockdown (SKD) units, motor vehicle parts and accessories
|
½%
|
RR No. 24-2025
|
1601-EQ/2307
|
WI850 (Individual) / WC850 (Corporate)
|
Income payments made by top withholding agents, either private corporations or individuals, to the manufacturers and direct importers of medicine / pharmaceutical products
|
½%
|
RR No. 24-2025
|
1601-EQ/2307
|
WI860 (Individual) / WC860 (Corporate)
|
Income payments made by top withholding agents, either private corporations or individuals, to the manufacturers and direct importers of solid or liquid fuels and related products
|
½%
|
RR No. 24-2025
|
1601-EQ/2307
|
This RMO supersedes any inconsistent provisions in prior issuances and takes effect immediately.
You may access the full version of the RMC through the BIR website.
For any inquiry or request for assistance, please feel free to contact anyone from our Tax Services group. You may also reach us through this link
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