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RMC No. 55-2020: Circularizes the Consolidated Price of Sugar at Millsite for the month of February 2020

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Summary

RMC No. 55-2020 circularizes the Consolidated Price of Sugar at Millsite for February 2020, used for the one percent (1%) Expanded Withholding Tax on sugar.

Key points

  1. Source of the schedule. The consolidated price comes from Operations Memorandum (OM) Nos. 13-2020, 14-2020, 15-2020 and 16-2020.
  2. Current-year prices only. The weekly Sugar Regulatory Administration prices compare the previous and current year. The consolidated schedule in the OMs shows only the current year.
  3. Use. The prices serve the 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 February 2020

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances

CitesRR No. 02-98RR No. 11-2014RR No. 13-2015

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.