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RMC No. 1-2019: Circularizes the Consolidated Price of Sugar at Millsite for the month of November 2018

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Summary

RMC No. 1-2019 circularizes the Consolidated Price of Sugar at Millsite for November 2018, used for the 1% Expanded Withholding Tax on sugar.

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Key points

  1. Source of the prices. The consolidated prices are contained in Operations Memorandum (OM) Nos. 2018-11-03, 2018-11-04, 2018-12-01 and 2018-12-02.
  2. Current year only. The weekly Sugar Regulatory Administration price compares the previous and current year. The consolidated schedule in the OMs shows the current year only.
  3. Purpose. The prices are used for the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.

Deadlines and effectivity

  • Covers the month of November 2018

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (2)

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CitesRR No. 02-98RR No. 11-2014

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.