RMC No. 71-2019 — Circularizes the Consolidated Price of Sugar at Millsite for the month of May 2019 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

June 19.2019

REVENUE MEMORANDUM CIrCULAR nO. 2- 20!

SUBJECT : Consolidated Price of Sugar at Millsite for the Month of May 2019

TO : All Internal Revenue Officers and Others Concerned

This Circular is herebv issued in order to consolidate the weekly issuance of Operations Memoranda (OM). more particularly OM Nos. 2019-05-10. 2019-05-13. 2019-06-02. and the Sugar Regulatory Administration (SRA) pursuant to Revenue Regulations (RR) No. 13. 2019-06-03 for the month of May. circularizing the weekly Price of Sugar at Millsite issued by

2015.

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 bv RR No. 11-2014.

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

EfL CS

JUL 18.2019 I:us SRAE P Commissioner of Internal Revenue CAESAR R. DULAY 027009 J -5 EGORDS MGT DIVISON