RMC No. 126-2020 — Circularizes the Consolidated Price of Sugar at Millsite for the Month of October 2020 Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City November 19. 2020 RE\rEr\ruE MEMoRANDUM cIRCULAR No. /2b- Loeo SUBJECT Consolidated Price of Sugar at Millsite for the Month of October 2020 TO All Internal Revenue Offrcers and Others Concemed This Circular is hereby issued in order to consolidate the weekly issuance of Operations Memoranda (OM), more particularly OM Nos. 75-2020,76-2020,77-2020 and 78-2020 for the month of October, 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 said weekly OMs contains only that of the current year for purposes of imposing the one percent (lYo) expanded withholding tax on sugar prescribed under the provisions of RR No. 2- 98. as amended by RR No. l'1-2014. All revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible. ffiLRFvENUE trq^& CAESARR. DULAY Commissioner of Internal Revenue J-5 038 1 45 RECORDS MGT. DIVISION-2 r 8: o2