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8box Solutions Inc.


Contact Number: 09369340340

REVENUE MEMORANDUM CIRCULAR NO. 23-2020 issued on March 4, 2020 circularizes the Consolidated Price of Sugar at Millsite for the month of January 2020 contained in Operations Memorandum (OM) Nos. 6-2020, 8-2020, 9-2020 and 11-2020.

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 that of the current year for purposes of imposing the one percent (1%) Expanded Withholding Tax on sugar prescribed under the provisions of Revenue Regulations (RR) No. 2-98, as amended by RR No. 11-2014.