Summary
RMC No. 9-2020, issued February 5, 2020, circularizes the Consolidated Price of Sugar at Millsite for December 2019, drawn from Operations Memorandum (OM) Nos. 37-2019, 38-2019, 1-2020, 2-2020 and 5-2020.
CollapseExpand
Key points
- Consolidated schedule. The consolidated schedule contains only current-year prices. The weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration compares previous-year and current-year prices.
- 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
- Prices for December 2019
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.