Summary
RMC No. 70-2017, issued on August 22, 2017, circularizes the Consolidated Price of Sugar at Millsite for July 2017, as contained in Operations Memorandum (OM) Nos. 2017-07-02, 2017-07-04, 2017-08-01, 2017-08-02 and 2017-08-03.
Key points
- Purpose of the schedule. The consolidated 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.
- What the schedule contains. The weekly Price of Sugar at Millsite from the Sugar Regulatory Administration compares prices of the previous year and current year. The consolidated schedule in the weekly OMs shows only current year prices.
Deadlines and effectivity
- Covers the month of July 2017
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