RMC No. 15-2017 — Circularizes the Consolidated Price of Sugar at Millsite for the month of January 2017 Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

February 15, 2017

REVENUE MEMORANDUM CIRCULAR NO. J5- 301 7

SUBJECT Consolidated Price of Sugar at Millsite for the Month of January 2017

TO : : All Internal Revenue Officers and Others Concerned

This Circular is hereby issued in order to consolidate the weekly issued Operations Memoranda (OM), more particularly OM Nos. 2017-01-04, 2017-01-06, 2017-02-01, 2017-02- 02, and 2017-02-04, for the month of January 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 year and current year, 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.

CAESAR R. DULAY Commissioner of internal Revenue 003992 J- 5 RUREAU OF INTERNAL REVENUE FECORDS MGT DIVISION FEB 2 2 2017 1:45P.M

INMOA RECEIVED