March 13, 2015
REVENUE REGULATIONS NO. 04-15
| SUBJECT | : | Amending Further Section 2 of Revenue Regulations No. 13-08, as Amended by Revenue Regulations No. 13-2013, Relative to the Definition of Raw Sugar and Raw Cane Sugar for Value-Added Tax Purposes |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Sections 6 and 244, in relation to Sections 106 and 109 (1) (A), both of the National Internal Revenue Code of 1997 (Tax Code), as amended, these regulations are hereby promulgated to amend provisions of Revenue Regulations (RR) No. 13-08, as amended by RR No. 13-2013.
SECTION 2. Amendment. — Section 2 (b) and (c) of RR No. 13-08, as amended by RR No. 13-2013, is hereby amended to read as follows:
"Section 2. Definition of Terms. — For purposes of these regulations the following terms will be construed to mean:
xxx xxx xxx
(b) Raw Sugar — refers to sugar whose content of sucrose by weight in dry state, corresponds to a polarimeter reading of less than 99.5º. Raw Sugar produced each production...
