RMC No. 98-2017 — Circularizes the Consolidated Price of Sugar at Millsite for the month of October 2017 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

November 20, 2017

REVENUE MEMORANDUM CIRCULAR NO. 98-2013

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

TO : All Internal Revenue Officers and Others Concerned

Memoranda (OM), more particulariy OM Nos. 2017-10-05, 2017-11-01, 2017-11-02, 2017-11 This Circular is hereby issued in order to consolidate the weekly issued Operations

Millsite issued by the Sugar Regulatory Administration (sRA), pursuant to Revenue Regulations (RR) No. 13-2015. 03, and 2017-11-04, for the month of October circularizing the weekly Price of Sugar at

While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative 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

No. 2-98, as amended by RR No. 11-2014. one percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR

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

9w CAESAR R. DULAY

J-5 EUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISICN DEC 15 2017 Q :54 P.M m Commissioner of internal Revenue N 0 117 8 4

RECEIVED