RMC No. 68-2018 — Circularizes the Consolidated Price of Sugar at Millsite for the Month of June 2018 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

: Quezon City

July 30,2018

REVENUE MEMORANDUM CIRCULAR NO. t8-2018

SUBJECT Consolidated Price of Sugar at Millsite for the Month of June 2018

TO : All Internal 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. 2018-06-04, 2018-07-01, 2018-07-03 and 2018-07-08, for the month of June circularizing the weekiy 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 Milisite 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 by RR No. 11-2014.

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

ARsau

CAESAR R. DULAY

au ( Commissioner of internai Revenue 018913 J-5 A NDYYT

AUG 22 2018 3:23 .M

RECORDS MGT.DIVISION