Amendments to Revenue Regulations No. V-18, Pertaining to the Collection of the Special Tax Imposed by Republic Act No. 632

March 10, 1952 REVENUE REGULATIONS NO. V-26 SUBJECT : Amendments to Revenue Regulations No. V-18, Pertaining to the Collection of the Special Tax Imposed by Republic Act No. 632 TO : All Internal Revenue Officers and Others Concerned SECTION 1. Sections 5 and 7 of Revenue Regulations No. V-18, dated October 31, 1951, are hereby amended, to read as follows: "Section 5. Time of payment . The tax imposed by section 15 of Republic Act No. 632 shall become due and payable upon removal of sugar from the mill or mill warehouse and it shall be the duty of every sugar central to collect from the sugar planters the corresponding amounts due from the latter as tax under the aforementioned Act. "The issuance of quedans or warehouse receipts covering sugar stored in the sugar mill or mill warehouse shall be deemed a removal of such sugar within the meaning of this section, and the tax due thereon shall be due and payable before such quedans or warehouse receipts are actually issued. No quedans or warehouse receipts in respect of sugar manufactured by sugar centrals shall be issued unless proof of payment of the tax is shown. "If at the end of a crop year there still remains in the mill or mill warehouse a part of the sugar manufactured during the crop year, the tax due thereon shall be paid not later than July 31 of the succeeding crop year, irrespective of whether or not such sugar is removed from the sugar mill or mill warehouse. "The term 'crop year' as used in these regulations means the period from July 1 of any year to June 30 of the following year." xxx xxx xxx "Section 7. Accounting and remittance of collections . On or before the fifth day of each month, every sugar central shall remit by check or money order to the Collector of Internal Revenue, Manila, all taxes due and accruing on sugar actually and/or constructively removed from the sugar mill or mill warehouse during the preceding month. The said remittance must be accompanied with a statement in triplicate showing the name of the taxpayer, the period for which the tax is being paid, the quantity of sugar removed during the said period, amount of tax, and the number and date of the check or money order covering payment of the tax. The quadruplicate of the aforesaid statement shall be forwarded to the Philippine Sugar Institute, 306 Samanillo Building, Escolta, Manila. "The tax due on the sugar manufactured during a crop year but remaining unremoved from the mill or mill warehouse at the end of that crop year shall be remitted to the Collector of Internal Revenue in time to reach him on or before July 31 of the succeeding crop year. The said remittance shall be accompanied with a statement in triplicate showing the details mentioned in the preceding paragraph. The quadruplicate of the said statement shall also be forwarded to the Philippine Sugar Institute. "Upon receipt of the remittance from the centrals, the Collector of Internal Revenue shall in turn remit the same to the Philippine Sugar Institute." SECTION 2. These regulations shall take effect on April 15, 1952. acEHCD (SGD.) AURELIO MONTINOLA Secretary of Finance Recommended by: (SGD.) S. DAVID Collector of Internal Revenue