REVENUE REGULATIONS NO. 13-2013 issued on September 20, 2013 amends Section 2 (b) of Revenue Regulations No. 13-08 relative to the definition of raw sugar for Value-Added Tax purposes.
Said Section is amended to read as follows:
Said Section is amended to read as follows:
“(b) Raw sugar – refers to sugar produced by simple process of conversion of sugar cane without a need of any of mechanical or similar device such as muscovado. For this purpose, raw sugar refers only to muscovado sugar.
Centrifugal process of producing sugar is not in itself a simple process. Therefore, any type of sugar produced therefrom is not exempt from VAT.”
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Thanks and Courtesy of Bureau of Internal Revenue
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