RMC No. 117-2020 — Circularizes the Consolidated Price of Sugar at Millsite for the Month of September 2020 Digest | Full Text | Annex A

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City.

October 22, 2020

REVENUE MEMORANDUM CIRCULAR NO. //7- &O &0

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

TO : All Internal Revenue Officers and Others Concerned

the month of September, circularizing the weekly Price of Sugar at Millsite issued by the Sugar Memoranda (OM), more particularly OM Nos. 64-2020, 65-2020, 66-2020 and 67-2020 for 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

percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR No. 2- 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 98, as amended by RR No. 11-2014 While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices

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

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J- 5 BUREAU OF INTERNAL REVENUE tnNYYNt NOV O 5 2020 G:50 A.M Commissioner of Internal Revenue CAESAR R. DULAY 037480

3 y 9 IU RECORDS MGT. DIVISION