8box Solutions Inc.

4_20230710_150500_0001

Contact Number: 09369340340
Email: sales@8box.solutions

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”