Summary
RMC No. 145-2022 circularizes the Consolidated Price of Sugar at Millsite for September 2022, taken from Operations Memorandum (OM) Nos. 72-2022, 73-2022, 74-2022 and 75-2022.
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Key points
- Consolidated schedule. The weekly OMs show only current-year prices, unlike the Sugar Regulatory Administration weekly price that compares the previous and current year.
- Purpose. The schedule is used for the one percent (1%) Expanded Withholding Tax on sugar under Revenue Regulations (RR) No. 2-98, as amended by RR No. 11-2014.
Who is affected
- Sugar transactions subject to the 1% Expanded Withholding Tax
Deadlines and effectivity
- Price period: September 2022
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.