Summary
RMC No. 60-2022 circularizes the Consolidated Price of Sugar at Millsite for February 2022, contained in Operations Memorandum Nos. 16-2022, 17-2022, 20-2022 and 21-2022.
Key points
- What the schedule contains. The weekly price issued by the Sugar Regulatory Administration compares the previous year and current year prices. The consolidated schedule in the weekly Operations Memoranda shows only the current year.
- Purpose. The consolidated prices are used for the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.
Deadlines and effectivity
- Covers the month of February 2022
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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