REVENUE REGULATIONS NO. 13-2015 issued on October 29, 2015 amends further the
provisions of Section 2.57.2 of Revenue Regulations (RR) No. 2-98, as amended by RR No. 7-
2015, to read as follows:
“(AA) Income payments on sugar. – On gross payments on purchases of sugar –
One percent (1%)
1. Proprietors or operators of sugar mills/refineries on their mill share,
xxx:
1.1 For locally produced raw cane sugar and raw sugar – the
composite price, in metric tons, governing the specified crop year
of raw cane sugar and raw sugar as reflected in one of the reports
(Annex “A”) under the weekly Final Sugar Production Bulletin
duly issued by the Sugar Regulatory Administration (SRA) on the
date of sale, or actual selling price, whichever is higher.
It shall be ensured that a copy of the weekly Final Sugar
Production Bulletin be officially transmitted by the SRA to the
Commissioner of Internal Revenue within twenty four (24) hours
from the date of issuance thereof.
xxx xxx xxx”