Machica Group

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BIR Revenue Memorandum Circular No. 9-2020

February 12, 2020 By Management

BIR Revenue Memorandum Circular No. 9-2020

Consolidated Price of Sugar at Millsite for the Month of December 2019

REVENUE MEMORANDUM CIRCULAR NO. 9-2020 issued on February 5, 2020 circularizes the Consolidated Price of Sugar at Millsite for the month of December 2019 contained in Operations Memorandum (OM) Nos. 37-2019, 38-2019, 1-2020, 2-2020 and 5-2020.

While the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration reflects the comparative prices of sugar between the previous year and current year, the consolidated schedule on the said weekly OMs contains only thet of the current year for purposes of imposing the one percent (1%) Expanded Withholding Tax on sugar prescribed under the provisions of Revenue (RR) No. 2-98, as amended by RR No. 11-2014.

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Makati Business Office:
Unit 1101 Cityland Condo 10 Tower 1
156 H. V. dela Costa St., Ayala North
Makati City, 1209 Philippines
Telefax No. +63 2 823 5904, 562 8190
Mobile No. +63 917 306 0208
Email: mail@machicagroup.com

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