REVENUE MEMORANDUM ORDER NO. 27-2012 issued on December 26, 2012 creates the Alphanumeric Tax Code (ATC) for certain income payments subject to Expanded Withholding Tax pursuant to Revenue Regulations No. 14-2012 (proper tax treatment of interest income earnings on financial instruments and other related transactions), to wit: ATC Description Legal Basis Tax Rate BIR Form No. Interest income derived from any other debt instruments not within the coverage of deposit substitutes and Revenue Regulations No. 14-2012 subject to Creditable/ Expanded Withholding Tax RR No. 14-2012 WI 710 i) Individual 20% 1601-E/ 2307 WC 710 ii) Corporate 20% 1601-E/ 2307