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RMC No. 60-2018: Circularizes the Consolidated Price of Sugar at Millsite for the month of May 2018

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Summary

RMC No. 60-2018 circularizes the Consolidated Price of Sugar at Millsite for May 2018, drawn from Operations Memorandum Nos. 2018-05-05, 2018-06-01, 2018-06-02 and 2018-06-03.

Key points

  1. What the schedule contains. The weekly Sugar Regulatory Administration price shows prices for the previous and current year. The consolidated schedule from the weekly OMs shows only the current year.
  2. Purpose. The prices are used for 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 the month of May 2018

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. 11-2014

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.