Summary
RMC No. 150-2022 circularizes the Final Sugar Production Bulletin issued weekly by the Sugar Regulatory Administration (SRA), used for the 1% Creditable Withholding Tax under Revenue Regulations No. 13-2015.
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Key points
- Basis of computation. The SRA sends the bulletin to the BIR as the basis for computing the one percent (1%) Creditable Withholding Tax on withdrawals of sugar from the millsite.
- Online access. Stakeholders can download the weekly SRA bulletins from the Announcements section of the BIR website, beginning the first week of November 2022.
Who is affected
- Stakeholders in sugar withdrawals from the millsite
Deadlines and effectivity
- Online access beginning first week of November 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.