RMC No. 103-2016 — Consolidates the Price of Sugar at Millsite for the month of September 2016 Digest | Full Text | Annex A

BUREAU OF INTERNAL REVENUE REPUBLICOF THF [HILIPPINES DEPARIMENT OF FINANCE Quezon City RUREAD D) INTEHNAL REVEN(E RECORDS MGT DIVSION RECEIVID CCT 28 2015 1 G: 12. A.- X.o

October 10, 2016

REVENUE MEMORANDUM CIRCULARNO..D3-.2D / (

SUBJECT Consolidated Price of Sugar at Milisite for the Month of September 2016

TO Af Internal Revenue Officers and Others Concerned

This Circular is hereby issued in order to consolidate the weekly issued Operations Memoranda (OM), more particularly OM Nos. 2016-09-05, 2016-09-06, 2016-09-08, and 2016-10-01, for the month of September circularizing the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration, pursuant to Revenue Regulations (RR) No. 13- 2015

While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices of sugar between the previous year and current year, 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.

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

CAESAR R. DULAY Commissioner of Internal Revenue 001537

J- 5