Summary
RMC No. 58-2016 consolidates the Price of Sugar at Millsite for April 2016, as circularized in Operations Memorandum Nos. 2016-04-04, 2016-04-06, 2016-05-01 and 2016-05-02.
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Key points
- Consolidated schedule. The weekly prices from the Sugar Regulatory Administration compare previous-year and current-year prices. The consolidated schedule shows current-year prices only.
- Purpose. It is used for the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.
Who is affected
- Parties subject to the 1% Expanded Withholding Tax on sugar
Deadlines and effectivity
- Covers the month of April 2016
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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