Summary
RMC No. 117-2020 circularizes the Consolidated Price of Sugar at Millsite for the month of September 2020, as contained in Operations Memorandum (OM) Nos. 64-2020, 65-2020, 66-2020 and 67-2020.
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Key points
- Consolidated schedule covers current year only. The weekly Sugar Regulatory Administration price list compares the previous year and the current year. The consolidated schedule in the weekly OMs shows only the current year.
- Purpose of the schedule. The schedule is used for imposing 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 September 2020
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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