REVENUE MEMORANDUM ORDER NO. 5-2019 issued on January 15, 2019 modifies the Alphanumeric Tax Code (ATC) for Compensation Income under RA No. 10963 (TRAIN Act) and for Withholding Taxes, to wit: EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. BIR Form No. II011 WI450 WC450 Compensation Income Income payments subject to Final Withholding Taxes a. Capital Gains Tax on sale/exchange or other disposition of real property – individual b. Capital Gains Tax on the sale/exchange or other disposition of land and building – corporate Graduated Income Tax Rates 6% 6% 1701 1701Q 1600 1601-E 1601-F 2307 1700 1701 1701Q 1706 2307