RMC No. 120-2019 — Circularizes the Consolidated Price of Sugar at Millsite for the month of October 2019 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

November 11. 2019

REVENUE MEMORANDUM CIRCULAR NO.1&0- 20/G

SUBJECT : Consolidated Price of Sugar at Millsite for the Month of October 2019

TO : All Internal Revenue Officers and Others Concerned

Memoranda (OM), more particularly OM Nos. 26-2019, 28-2019. 29-2019, and 30-2019 for Regulatory Administration (SRA) pursuant to Revenue Regulations (RR) No. 13-2015. the month of October, circularizing the weekly Price of Sugar at Millsite issued by the Sugar This Circular is hereby issued in order to consolidate the weekly issuance of Operations

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 98. as amended by RR No. 11-2014. percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR No. 2- While the SRA-issued weekly Price of Sugar at Millsite reflects the comparative prices

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

CO

CAESAR R. DULAY

J- 5 BUREAUOF TNTERNALREVENUE TNNIYN NOV 2Q 2019 3:35PM: RRE Commissioner of Internal Revenue 030411

RECORUS MCI UVSO

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