RMC No. 47-2017 — Circularizes the Consolidated Price of Sugar at Millsite for the month of May 2017 Digest | Full Text | Annex

FGPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REYENUE Quezon City June 75,2017 ,/r - REVENUE MEMORANDUM CIRCULAR NO. trDt? SUBJECT Consolidated Price of Sugar at Millsite for the Month of May 201-7 TO All lnternal Revenue Officers and Others Concerned This Circular is hereby issued in order to consolidate the weekly issued Operations Memoranda (OM), more particularly OM Nos. 2017-05-05, 20fi-A6-A2, 2017-06-03, and 2Ot7-06-04, 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 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. L1,-2AL4. All revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible. J/tr CAESAR R. DULAY Cornmissioner of frterrg'6?"111 6 J-5 il!'i[]tFl Ei, fr ilf il{ lili FiG'f', i;)IiitrF.i*N D? E'Riiil:iIc*ciidRCtlFs q: A-lt4' jut'! ? $ ?017 RECETV