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November
13, 2000
MEMORANDUM
CIRCULAR NO. 2000-003
Sub-Contracting Jobs Performed by Economic Zone Export Producer
Enterprise for Domestic Market Oriented Enterprises: Inclusion
of Sub-Contracting Fee Revenue Under Local Sales and Imposition of Local
Sales Processing Fees.
Revenues from sub-contracting jobs of export producer enterprises shall
now be counted as part of local sales. A Local Sale Processing Fee (LSPF)
of 2% shall also be imposed.
To all concerned, please be guided accordingly.
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