REVENUE MEMORANDUM ORDER NO. 49-2024 issued on December 9, 2024, creates Alphanumeric Tax Code (ATC) for Final Withholding Tax representing Franchise Tax on payments to non-resident foreign corporation supplier of PAGCOR pursuant to Revenue Regulations No. 2-98, to wit:
| ATC | Description | Tax Rate | Legal Basis | BIR Form No. |
|---|---|---|---|---|
| WC810 | Final tax representing Franchise Tax on payments to Non-resident Foreign Corporation supplier of PAGCOR related to its gaming operations | 5% | RR No. 2-98 | 1601-FQ/2306 |