Summary
RMC No. 09-2017 circularizes the Consolidated Price of Sugar at Millsite for December 2016, as contained in Operations Memorandum (OM) Nos. 2016-12-06, 2017-01-01, 2017-01-02 and 2017-01-03.
Key points
- Consolidated schedule. The schedule gathers the weekly OMs and shows only current year prices. The weekly Sugar Regulatory Administration price shows both the previous year and the current year.
- 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
- Covers the month of December 2016
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