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RMC No. 65-2022: Circularizes the Consolidated Price of Sugar at Millsite for the Month of March 2022

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Summary

RMC No. 65-2022 circularizes the consolidated price of sugar at millsite for March 2022, used for the one percent (1%) Expanded Withholding Tax on sugar.

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Key points

  1. Source of the consolidated price. The consolidated price comes from Operations Memorandum (OM) Nos. 25-2022, 26-2022, 30-2022 and 31-2022.
  2. Current-year prices only. The weekly Sugar Regulatory Administration price shows prior-year and current-year comparisons. The consolidated schedule lists only the current year.
  3. Purpose. The prices are used to impose the 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 March 2022

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

Related issuances (3)

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CitesRR No. 02-98RR No. 11-2014RR No. 13-2015

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.