September 18, 2020
REVENUE MEMORANDUM CIRCULAR NO. 104-20
| SUBJECT | : | Consolidated Price of Sugar at Millsite for the Month of April 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. 45-2020, 47-2020, 46-2020 and 48-2020 for the month of April, 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...
