RMC No. 105-2020 — Circularizes the Consolidated Price of Sugar at Millsite for the Month of May 2020 Digest | Full Text | Annex A

BUREAU OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES NNNTIN

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City RECORDS MGT.D'V: 1t7 OCT 01 2020 U I):iS Am

September 18, 2020

REVENUE MEMORANDUM CIRCULAR NO.(05 -20 2O

SUBJECT : Consolidated Price of Sugar at Millsite for the Month of May 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. 49-2020, 50-2020, 51-2020, 52-2020 and 53 2020 for the month of May, 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

percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR No. 2- said weekly OMs contains only that of the current year for purposes of imposing the one 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

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