RMC No. 60-2018 — Circularizes the Consolidated Price of Sugar at Millsite for the month of May 2018 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon CitY June 22,201,8 .IO REVENUE MEMORANDUM CIRCULAR NO. 6 O /g SUBJECT Consolidated Price of Sugar at Millsite for the Month of May 2018 TO All lnternal Revenue Officers and Others Concerned This Circular is hereby issued in order to consolidate the weekly issuance of Operations Memoranda (OM), more particularly OM Nos. 2018-05-05, 2018-06-01, 2018-06-02, and 2018-06-03, for the month of May circularizing the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration (SRA) pursuant to Revenue Regulations (RR) No. 13- 201,5. While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices of sugar between the previous and currentyears, 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. 1.1.-2014. All revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible. *r'* ./ ...,.'4ov&\t\Q- \' CAESI.R R. DULAY Jommissioner of lnternal Revenue 01 7 82 4 J-5 Cr I I