RMC No. 55-2020 — Circularizes the Consolidated Price of Sugar at Millsite for the month of February 2020

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

March 9, 2020

REVENUE'MEMORANDUM CIRCULAR NO.-55-2D 20

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

TO : All Internal Revenue Officers and Others Concerned

This Circular is hereby i$sued in order to consolidate the weekly issuance of Operations Memoranda (OM), more particularly OM Nos. 13-2020, 14-2020, 15-2020, and 16-2020 for the month of February, circularzing 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 withholing 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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J5 BUREAU OF INTERNAL REVENUE NNTYTYT MAY 2 8.2020 :074.M Commissioner of Internal Revenue CAESAR R. DULAY 033707

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ANNEX "A"

LUZON PHILIPPINES URC-CARSUMCO URC-SURE BALAYAN TARLAC NEGROS BISCOM DON PEDRO PENSUMIL SWEET CRYSTALS (PORAC) BAIS (CAB FIRST FARMERS HAWAIIAN HDJ BAYAWAN LOPE URC-SONEDCO URC-TOLONG PANAY CAPIZ URC-PASS LA CARLOTA (CAC) URC-URSUMCO SAGAY VICTORIAS OPTION-MPC CASA E VISAYAS BOGO HISUMCO MINDANAO COTABATO CRYSTAL DAVAO BUSCO MILL DISTRICT NO BIDDING NO BIDDING EXPORT 1,489.17 1,508.33 1,500.00 1,477.96 1,470.00 1,473.89 1,540.00 1,490.00 1,514.34 1,530.00 1,526.00 1,485.00 1,470.00 1,520.00 1,540.00 1,475.00 1,571.10 1,540.00 1,500.00 1,495.00 1,500.00 1,400.00 1,475.00 1,530.00 1,405.00 1,410.00 5% 1,410.00 1,400.00 1,500.00 A Operations Memorandum No. 13-2020 For Week Ending Febraury 2, 2020 DOMESTIC 1,524.79 1,531.37 1,542.30 1,539.99 1,538.00 1,560.00 1,561.89 1,525.0C 1,505.00 1,509.00 1,538.00 1,22.00 1,522.00 1,535.00 1,525.00 1,522.00 1,542.89 95% 1,511.88 1,540.00 1,580.00 1,530.00 1,522.19 1,534.17 1,522.00 1,546.49 1,546.34 1,472.00 1,472.00 1,472.00 1,472.00 1,472.00 *B RESERVED C* WORLD D . * COMPOSITE 1,523.01 PRICE 10% NO BID PRICE NO BIDDING NO BID PRICE EXPORT 1,474.73 1,475.00 1,455.00 1,473.92 1,488.09 1,495.00 1,512.89 1,511.88 1,485.00 1,475.00 1,550.00 1,511.88 1,525.00 1,500.00 1,558.00 1,525.00 1,500.00 1, 10.31 1,510.00 1505:00 5% 1,525.00 1,475.00 1,506.77 1,505.00 1,415.00 1,420.00 1,420.00 1,410.00 A 1,410.00 Operations Memorandum No. 14-2020 For Weeh Ending February 9, 2020 DOMESTICRESERVED 1,544.98 1, 543.36 1,538.52 1,575.00 1,516.00 1,573.92 1,515.00 1, 0. 9) 1,530.25 1,550.99 1,537.00 1,536.00 1,550.00 1,490.00 1,535.0 1,530.00 1,580.00 1,567.13 1,537.40 1,551.0 1,580.89 1,490.00 SUGAR PRICE AT MILLSITE BY SUGAR CLASS 1,551.08 1,537.00 1,570.49 1,548.2 1, 540.00 1,556.43 1,490.00 95 1,537.00 1,490.00 1,490.00 B REGULATION DEPARTMENT- QUEZON CITY C IN PESOS PER 50 KILOGRAM BAG WORLD "D . COMPOSITE 1,536.00 PRICE 100 NO BID PRICE BIDS REJECTED NO BID PRICE NO BIDDING EXPORT 1,500.00 5 1,501.53 1,493.33 1,475.00 1,505.00 1,522.09 1,485.00 1, 10.00 1,50500 1,510.00 1,500.00 1,530.00 1,550.00 1,505.00 1,550.00 1,485.00 1,568.00 1,550.00 1,508.56 1,515.69 1,510.00 "A 1,500.00 1,505.00 1,445.00 1,450.00 1,450.00 1,440.00 1,440.00 Operations Memorandum No. 15-2020 For Weeh Ending February 16, 2020 BIDS REJECTED DOMESTIC 1,548.38 1,580.00 95% 1,541.67 1,530.00 1,515.00 1,550.9 1,543.73 1,540.96 1,563.00 1,563.25 1,536.00 1,532.01 1,542.00 1,542.00 1,569.03 1,580.99 1,551.46 1,550.99 1,543.00 1,535.00 1,585.00 1,542.00 1,558.08 1,568.01 1,540.00 1,562.92 1,490.0 1,490.00 1,490.00 1,490.00 1,490.00 R RESERVED WORLD D COMPOSITE 1,538. 99 PRICE 100 NO BID PRICE NO BIDDING NO BID PRICE EXPORT 1,502.18 1,475.00 1,504.52 ,4.0 1,553.08 1,502.88 1,485.00 1,515.00 1,520.37 1,504.80 1,547.50 1,485.00 1,548.00 1,502.88 1,547.50 1,485.00 1,568.00 1,547.50 1,507.64 1,500.00 1,522.92 1,500.00 1,505.00 1,505.00 A 59 1,445.00 1,450.00 1,440.0 1,450.00 1,440.00 Operations Memorandum No. 16-2020 For Weeh Ending February 23, 2020 DOMESTIC 1,548.89 1,573.0 1,557.52 1,544.46 1,584.00 1,598.08 1,550.99 1,530.00 1,518.00 1,541.25 1,573.00 1,524.60 1,533.51 1,544.00 1,550.00 1,53.00 1,544.00 1,537.25 1,585.0 1,573.33 95 1,544.00 1,568.00 1,571.00 1,580.99 1,555.17 1,490.00 1,490.00 B 1,546.5O 1,490.00 1,490. 1,563.83 1,490.00 CRESERVED WORLD 'D * COMPOSITE 1,542.35 PRICE 100

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