RMC No. 1-2019 — Circularizes the Consolidated Price of Sugar at Millsite for the month of November 2018 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES

- BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

December 18, 2018

REVENUE MEMORANDUM CIRCULAR NO.L-_ 2.O!G

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

TO All Internal Revenue Officers and Others Concerned

Memoranda (0M), more particularly OM Nos. 2018-11-03, 2018-11-04, 2018-12-01 and This Circular is hereby issued in order to consolidate the weekly issuance of Operations

2018-12-02 for the month of November, 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 comparative prices of sugar betweer the previous and current years, the consolidated schedule (Annex "A") on the said weekly OMs contains oniy 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.

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

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CAESAR R. DULAY Commissioner of Internal Revenue 022463 J-5

JAN 08.2019 To:DS AM. UXaA

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