REVENUE MEMORANDUM ORDER NO. 40-2024 issued on September 30, 2024 modifies the Alphanumeric Tax Codes (ATC) of selected revenue source under Republic Act No. 11534 (CREATE Act), to wit:
EXISTING (per ATC Handbook) | BIR | LEGAL | MODIFIED/ | ||
ATC | Description | Tax | Tax Rate | ||
WC212 | Cash dividend | 30% | 1601- | R.A. | 25% |
WC213 | Property dividend | 30% | 25% | ||
WC230 | On other payments to | 30% | 25% | ||