RMC No. 20-2018 — Circularizes the Consolidated Price of Sugar at Millsite for the month of February 2018

3 CAMFLNSL BUREAU OF INTERNAL REVENUE

Quezon City

March 21, 2018

REVENUE MEMORANDUM CIRCULAR NO. 20-2018

SUBJECT Consolidated Price of Sugar at Millsite for the Month of February 2018

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. 2018-02-05, 2018-03-02, 2018-03-03, and 2018-03-04, for the month of February 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

No. 2-98, as amended by RR No. 11-2014. one percent (1%) expanded withholding tax on sugar prescribed under the provisions of RR

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

CAESAR R. DULAY

J-5 RECORDS MGT DIVISION BUREAU OF ENTERNAL REVCNUE RECEIVED APR 0 4 2013 4:17 P.M. Ua Commissioner of internal Revenue 015246