Alphanumeric Tax Codes (ATCs) for personal income tax

With the introduction of the eight percent income tax as an option for individuals earning from self-employment, business, and/or practice of profession under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the Bureau of Internal Revenue issued Revenue Memorandum Order No. 28-2018 on April 20 on the creation and modification of Alphanumeric Tax Codes (ATCs) to be used in filing annual and quarterly income tax returns.

The following are the new ATCs for filing income tax returns: