R.

E,PUBLIC OF TFIE PFIILiPPI}{E,S

DEPARTME}\IT OIT Fii.{AN CE
tsUREAU OF INTERNAL REVENUE
Quezon City'

October' 11 . 20 1 9

REVENUE MEMORANDUM CIRCULAR NO. III- gOP

ST}BJECT Consolidated Price of Sugar at Millsite for the Month of Septernber 201 9

TO Ail Internal Revenue Officers and Others Concerned

This Circular is hereby issued in order to consolidate the weekly issuance o1'Operations
Menroranda (OM), more particularly OM Nos. 15-2019, 17-2A19,18-2019,21-2019 and 23-
2019 tbr the rnonth of September, circularizing the weekly Price of Sugar at Millsite issued by
the Sugar Regulatory Administration (SRA) pursuant to Revenue Regulations (RR) No. 13-
201s.

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 pulposes of in'rposing the one
pet'cent (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
Cilcular as wide a publicity as possible.

ry%
-cAE,sAR R.. BLTE AY
Commissioner of Intenral RevenLle

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