REVENUE MEMORANDUM ORDER NO. 4-2022 issued on January 14, 2022 modifies the Alphanumeric Tax Codes (ATC) of selected revenue source under Republic Act (RA) No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprise (CREATE) Act, to wit: EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate IC010 Domestic Corporation, in general July 01, 2020 onwards 30% 1702Q/ 1702-RT/ 1702-MX RA No. 11534 RR No. 5-2021 25% or 20% IC030 Proprietary Educational Institutions July 01, 2020 to June 30, 2023 July 01, 2023 onwards Proprietary Educational Institutions whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources July 01, 2020 onwards 10% 30% 1% 10% 25% or 20% IC031 Non-Stock, Non-Profit Hospitals July 01, 2020 to June 30, 2023 July 01, 2023 onwards Non-Stock, Non-Profit Hospitals whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources July 01, 2020 onwards 10% 30% 1% 10% 25% or 20% IC040 GOCC, Agencies & Instrumentalities July 01, 2020 onwards 30% 25% or 20% EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate IC041 National Government and LGUs July 01, 2020 onwards 30% 1702Q/ 1702-RT/ 1702-MX RA No. 11534 RR No. 5-2021 25% or20% IC020 Taxable Partnership July 01, 2020 onwards 30% 25% or 20% IC055 Minimum Corporate Income Tax (MCIT) July 01, 2020 to June 30, 2023 July 01, 2023 onwards 2% 1% 2% IC070 Resident Foreign Corporation, In General 30% 25% IC190 Offshore Banking Units (OBU’s) Foreign Currency Transaction not subjected to Final Tax Other Than Foreign Currency Transaction 10% 30% 25% 25% IC101 Regional Operating Headquarters January 01, 2022 10% 25% IC191 Foreign Currency Deposit Units (FCDUs) Foreign Currency Transaction not subjected to Final Tax Other Than Foreign Currency Transaction 10% 30% 25% 25%