RMC No. 23-2020 — Circularizes the Consolidated Price of Sugar at Millsite for the month of January 2020 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES N

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City RECORDS MGT. DIVISION UGJ IKWIDs MAR,04 2020

February 12, 2020

REVENUE MEMORANDUM CIRCULAR NO. 23 - 2 0 20

SUBJECT :Consolidated Price of Sugar at Millsite for the Month of January 2020

TO : All Internal Revenue Officers and Others Concerned

month of January, circularizing the weekly Price of Sugar at Millsite issued by the Sugar Memoranda (OM), more particularly OM Nos. 6-2020, 8-2020, 9-2020, and 11-2020 for the Regulatory Administration (SRA) pursuant to Revenue Regulations (RR) No. 13-2015 This Circular is hereby issued in order to consolidate the weekly issuance of Operations

While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices of sugar between the previous and current years, the consolidated schedule (Annex "A") on the said weekly OMs contains only that of the current year for purposes of imposing the one percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR No. 2- 98, as amended by RR No. 11-2014.

Circular as wide a publicity as possible. All revenue officials, employees, and others concerned are hereby enjoined to give this

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CAESAR R. DULAY Commissioner of Internal Revenue

J-5 033307

IRUREAU OF INTERNAL REVENUF !INTERNAL COM MUNICATIONS DIVISIOH

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