RMC No. 37-2017 — Circularizes the Consolidated Price of Sugar at Millsite for the month of March 2017 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION MAY 0 4 2017/ 10:38AM

BUREAU OF INTERNAL REVENUE Quezon City RECEIVEO Uhan

April 18, 2017

REVENUE MEMORANDUM CIRCULAR NO. 37-MD17

SUBJECT Consolidated Price of Sugar at Millsite for the Month of March 2017

TO All Internal Revenue Officers and Others Concerned

Memoranda (OM), more particularly OM Nos. 2017-03-05, 2017-03-06, 2017-04-01, and 2017-04-02, for the month of March circularizing the weekly Price of Sugar at Millsite issued 2015. by the Sugar Regulatory Administration (SRA), pursuant to Revenue Regulations (RR) No. 13. This Circular is hereby issued in order to consolidate the weekly issued Operations

While the SRA-issued weekiy 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 one percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR of sugar between the previous year and current year, the consolidated schedule (Annex "A")

No. 2-98, as amended by RR No. 11-2014.

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

JoaAy

CAESAR R. DULAY Commissioner of Internal Revenue 005903 J- 5