Summary
RMC No. 11-2018 circularizes the Consolidated Price of Sugar at Millsite for December 2017, as contained in Operations Memorandum (OM) Nos. 2017-12-05, 2018-01-04, 2018-01-05, 2018-01-06 and 2018-01-08.
Key points
- Purpose of the schedule. The consolidated schedule is used for imposing the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.
- Current year only. The weekly Sugar Regulatory Administration price shows prices for the previous and current year. The consolidated schedule in the OMs contains only the current year.
Deadlines and effectivity
- Covers the month of December 2017
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.