RR No. 13-2015 — Amends further the provisions of Section 2.57.2 of Revenue Regulations (RR) No. 2-98, as amended by RR No. 7-2015 (Published in Manila Bulletin on October 30, 2015) Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES BUREAU OF INTERNAL REVENUE RECORDS MGT DIVISION

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City RECEIVED YS3:oopNJ OCT 2 9 2015

October 12, 2015

REVENUE REGULATIONS NO./3- 20/C

SUBJECT (RR) No. 2-98, as Amended by RR No. 7-2015 Amending Further the Provisions of Section 2.57.2 of Revenue Regulations

TO All Internal Revenue Officers and Others Concerned

Regulations (RR) No. 2-98, as last amended by RR No. 7-2015. 57(B) of the National Internal Revenue Code (NIRC) of 1997, as amended, these Regulations are hereby promulgated to further amend the pertinent provisions of Section 2.57.2 of Revenue SECTION 1. SCOPE. -- Pursuant to the provisions of Section 244, in relation to Section

as amended by RR No. 7-2015, are hereby further amended to read as follows: SEC. 2.AMENDMENTS. - The pertinent provisions of Section 2.57.2 of RR No. 2-98.

"(AA) Income payments -on sugar. -- On gross payments on purchases of sugar One percent (1%)

1. Proprietors or operators of sugar mills/refineries on their mill share, xxx :

1.1 For locally produced raw cane sugar and raw sugar -- the composite price, in metric tons. governing the specified crop year of raw cane sugar and raw sugar as reflected in one of the reports (Annex "A") under the weekly Final Sugar Production Bulletin duly issued by the Sugar Regulatory Administration (SRA) on the date of sale, or actual

selling price, whichever is higher.

It shall be ensured that a copy of the weekiy Final Sugar Production issuance thereof. Bulletin be officially transmitted by the SRA to the Commissioner of Internal Revenue within twenty four (24) hours from the date of

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revoked or repealed accordingly. which are inconsistent with the provisions of these Regulations are hereby modified, amended, SEC. 3. REPEALING CLAUSE. - All existing rules and regulations or parts thereof

SEC. 4. EFFECTIVITY. - These Regulations shall take effect fifteen (15) days

immediately following publication in a newspaper of general circulation.

CESAR V.YURISIMA Secretary of Finance MM R

028585

Recommending Approval:

KIM S. JACINTO-HENARES Commissioner of Internal Revenue

J 036337 BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION

RECEIVED QCT 2 9 2015 B;o pM

C