REVENUE MEMORANDUM ORDER NO. 18-2022 issued on March 30, 2022 modifies the Alphanumeric Tax Code (ATC) of selected revenue source under Republic Act No. 10963 (TRAIN Act), to wit: EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate II030 On Capital Gains – From Sale of Shares of Stock not Traded in the Local Stock Exchange (Individual) 5% 10% 1707/ 1707-A R.A. No. 10963 15% IC110 On Capital Gains – From Sale of Shares of Stock not Traded in the Local Stock Exchange (Domestic Corporation) 5% 10% 1707/ 1707-A R.A. No. 10963 15% IC110 On Capital Gains – From Sale of Shares of Stock not Traded in the Local Stock Exchange (Foreign Corporation) 5% 10% 1707/ 1707-A R.A. No. 11534/ RR No. 2-2021 15%