Consolidated Price of Sugar at Millsite for the Month of May 2020
Revenue Memorandum Circular No. 105-20 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Sep 18, 2020
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September 18, 2020 REVENUE MEMORANDUM CIRCULAR NO. 105-20 SUBJECT : Consolidated Price of Sugar at Millsite for the Month of May 2020 TO : All Internal Revenue Officers and Others Concerned This Circular is hereby issued in order to consolidate the weekly issuance of Operations Memoranda (OM), more particularly OM Nos. 49-2020, 50-2020, 51-2020, 52-2020 and 53-2020 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 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 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. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A Sugar Price at Millsite by Sugar Class
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