RMC No. 1-2021 — Circularizes the consolidated Price of Sugar at Millsite for the Month of November 2020 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

December 17, 2020

REVENUE MEMORANDUM CIRCULAR NO. (- 202

SUBJECT :Consolidated Price of Sugar at Millsite for the Month of November 2020

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. 79-2020, 80-2020, 81-2020, 88-2020, and 90- 2020 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 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 officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible.

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CAESAR R. DULAY Commissioner of Internal Revenue

J- 5 039191

BUREAUOF INTERNAL REVENUE LCETY JAN.0.5 2021 a aa

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