REVENUE MEMORANDUM CIRCULAR NO. 59-2007 issued on September 14, 2007 clarifies the effect of suspension of the Revenue Regulations (RR) No. 6-2007 otherwise known as the “Consolidated Regulations on Advance Value-Added Tax (VAT) on the Sale of Refined Sugar, Amending and/or Revoking All Revenue Issuances Issued to this Effect and for Other Related Purposes”

        The suspension of RR No. 6-2007 by RR No. 11-2007 effectively reverts the observance of policies and procedures on the advance payment of VAT on the sale of refined sugar to those enunciated by RR No. 29-2002, as amended by RR N os. 2-2004, 4-2004, 16-2005 and 4-2007. Thus, the provisions of these Regulations shall apply until such time that a much improved version of RR No. 6-2007 is issued. Correspondingly, the rate of advance VAT to be paid shall be at the rate of 12% pursuant to Republic Act No. 9337, as amended, and as implemented by RR No. 16-2005, as amended by RR Nos. 2-2007 and 4-2007.