RMC No. 54-2017 — Circularizes the Consolidated Price of Sugar at Millsite for the month of June 2017 Digest | Full Text

ffi REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City July 7,20L7 51_ REVENUE MEMORANDUM CIRCULAR NO. AO lT SUBJECT Consolidated Price of Sugar at Millsite for the Month of June 2017 TO All lnternal Revenue Officers and Others Concerned This Circular is hereby issued in order to consolidate the weekly issued Operations Memoranda (OM), more particularly OM Nos. 201-7-06-05, 2017-06-07, 2017-06-08, and 2017-O7-01, for the month of June circularizing the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration (SRA), pursuant to Revenue Regulations (RR) No. 13- 2015. While the SRA-issued weekly Price of Sugar at Millsite reflects the cornparative 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. 1L-20L4. All revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible. -/13v.& CAESAR R. DULAY Commissioner of lnternal Revenue 0 07 I 1 I J-5 i:-ti'*l;iiil 0i iift'ERifi L ft triiliitiE "t'lI!:i CI{IJS S'[GT, tr]I\rI,Sl0i'{ JUL 2 0 7fi17 ITE C E EVWW