RMC No. 63-2016 — Consolidates the Price of Sugar at Millsite for the month of May 2016 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES BURFAU OF INTERNAL REVENUE RECORDS MGT DIVISION I 2PM.

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City RECEIVEM JUN 2 0 2016 UMA

June 9, 2016

REVENUE MEMORANDUM CIRCULAR NO. io 3 - DD1b

SUBJECT Consolidated Price of Sugar at Millsite for the Month of May 2016

TO : All Internal Revenue Officers and Others Concerned

Memoranda (OM), more particularfy OM Nos. 2016-05-04, 2016-05-07, 2016-06-01, and 2016-06-03, for the month of May circularizing the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration, pursuant to Revenue Regulations (RR) No. 13-2015 This Circular is hereby issued in order to consolidate the weekly issued Operations

While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices

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

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

KIM S. JACINTO-HENARES Commissioner of internal Revenue 042153

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