Amending Revenue Memorandum Circular No. 9-83 dated March 7, 1983 on the Applicable Uniform Exchange Rate of U.S. Dollars and Other Foreign Currencies to Philippine Pesos for Internal Revenue Tax Purposes

June 24, 1983 REVENUE MEMORANDUM CIRCULAR NO. 19-83 SUBJECT : Amending Revenue Memorandum Circular No. 9-83 dated March 7, 1983 on the Applicable Uniform Exchange Rate of U.S. Dollars and Other Foreign Currencies to Philippine Pesos for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, the following rules as amended are hereby prescribed to govern the conversion of U.S. dollars and other foreign currencies to Philippine pesos contained in RMC No. 9-83 dated March 7, 1983. casia (a) January 1 to June 22, 1983 The conversion rate to be applied shall be P9.50 to US$1.00 or the guiding rate of exchange at the time of the transaction as quoted by the Central Bank whichever is higher; (b) June 23 to December 31, 1983. The conversion rate to be applied shall be P11.00 to US$1.00 or the guiding rate of exchange at the time of the transaction as quoted by the Central Bank whichever is higher. aisa dc ENFORCEMENT AND PUBLICITY All Internal Revenue Officers and Others charged with the enforcement of internal revenue laws are enjoined to adhere to the provisions of this Circular and to give it the widest publicity possible. (SGD.) RUBEN B. ANCHETA Acting Commissioner