Summary
RMC No. 75-2022 circularizes the consolidated price of sugar at millsite for April 2022, used for the one percent (1%) Expanded Withholding Tax on sugar.
Key points
- Source of the consolidated price. The consolidated price comes from Operations Memorandum (OM) Nos. 32-2022, 37-2022, 38-2022 and 40-2022.
- Current-year prices only. The weekly Sugar Regulatory Administration price shows prior-year and current-year comparisons. The consolidated schedule lists only the current year.
- Purpose. The prices are used to impose the 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 April 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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