REVENUE MEMORANDUM ORDER NO. 27-2017 issued on October 4, 2017 creates
Alphanumeric Tax Code (ATC) for Microfinance Non-Government Organizations (NGOs),
to wit:
ATC Description Tax Rate Legal Basis BIR Form
PT118 Preferential tax rate on
Microfinance NGOs
2% Sec. 20 of RA No. 10693
RR No. 3-2017
2551M