Amending Revenue Memorandum Circular No. 19-83 dated June 24, 1983 on the Applicable Uniform Exchange Rate of U.S. Dollar to Philippine Peso for Internal Revenue Tax Purposes

October 6, 1983 REVENUE MEMORANDUM CIRCULAR NO. 33-83 SUBJECT : Amending Revenue Memorandum Circular No. 19-83 dated June 24, 1983 on the Applicable Uniform Exchange Rate of U.S. Dollar to Philippine Peso for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, paragraph (b) of Memorandum Circular No. 19-83 dated June 24, 1983 is hereby amended to read as follows: (a) . . . (b) From June 23 to October 4, 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, and from October 5, 1983 to December 31, 1983 - P14.00 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. 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. aisa dc (SGD.) RUBEN B. ANCHETA Acting Commissioner