Summary
RMC No. 20-2018 circularizes the Consolidated Price of Sugar at Millsite for February 2018, as contained in Operations Memorandum (OM) Nos. 2018-02-05, 2018-03-02, 2018-03-03 and 2018-03-04.
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Key points
- Purpose of the schedule. The consolidated schedule is used for imposing the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.
- Current year only. The weekly Sugar Regulatory Administration price shows prices for the previous and current year. The consolidated schedule in the OMs contains only the current year.
Deadlines and effectivity
- Covers the month of February 2018
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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