Summary
RMC No. 103-2016 consolidates the Price of Sugar at Millsite for September 2016, as circularized in Operations Memorandum (OM) Nos. 2016-09-05, 2016-09-06, 2016-09-08 and 2016-10-01.
CollapseExpand
Key points
- Consolidated schedule. The schedule gathers the weekly OMs and shows only current year prices. The weekly Sugar Regulatory Administration price shows both the previous year and the current year.
- Purpose. The prices are used to impose the one percent (1%) Expanded Withholding Tax on sugar under Revenue Regulations (RR) No. 2-98, as amended by RR No. 11-2014.
Deadlines and effectivity
- Covers the month of September 2016
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.