Summary
RMC No. 120-2019, issued November 20, 2019, circularizes the Consolidated Price of Sugar at Millsite for October 2019, drawn from Operations Memorandum (OM) Nos. 26-2019, 28-2019, 29-2019 and 30-2019.
Key points
- Consolidated schedule. The consolidated schedule contains only current-year prices. The weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration compares previous-year and current-year prices.
- 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
- Prices for October 2019
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