REVENUE MEMORANDUM ORDER NO. 16-2019 issued on April 11, 2019 modifies the Alphanumeric Tax Codes (ATCs) for Withholding Taxes in BIR Form No. 1601-EQ (Quarterly Remittance Return of Creditable Income Taxes Withheld [Expanded]) pursuant to Revenue Regulations No. 1-2019, to wit: EXISTING (per ATC Handbook) MODIFIED/NEW ATC Description Tax Rate Tax Rate WI650 WC650 On gross amount of refund given by MERALCO to customers with active contracts as classified by MERALCO  Individual  Corporate 25% 15% WI651 WC651 On gross amount of refund given by MERALCO to customers with terminated contracts as classified by MERALCO  Individual  Corporate 32% 15% WI661 WC661 On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer’s billings of NonResidential customers whose monthly electricity consumption exceeds 200 kwh as classified by MERALCO  Individual  Corporate 10% 15% WI663 WC663 On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer’s billings of NonResidential customers whose monthly electricity consumption exceeds 200 kwh as classified by other electric Distribution Utilities (DU)  Individual  Corporate 20% 15% WI710 WC710 Interest income derived from any other debt instruments not within the coverage of deposit substitutes and RR No. 14-2012  Individual  Corporate 20% 15%