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REVENUE MEMORANDUM ORDER NO. 40-2024
REVENUE MEMORANDUM ORDER NO. 40-2024
This RMO modifies the ATC of selected Revenue Source under RA No. 11534, as seen in the table below:
| EXISTING (per ATC Handbook) | BIR Form No. | Legal Basis | Modified/ New | ||
| ATC | Description | Tax Rate | Tax Rate | ||
| WC212 | Cash dividend payment by domestic corporation to NRFCs | 30% | 1601- FQ/2306 | R.A. No. 15534/ RR No. 2-2021 | 25% |
| WC213 | Property dividend payment by domestic corporation to NRFCs | 30% | 25% | ||
| WC214 | On other payments to NRFCs | 30% | 25% | ||