Summary
RMC No. 96-2021 circularizes the Consolidated Price of Sugar at Millsite for the month of June 2021, contained in Operations Memorandum (OM) Nos. 39-2021, 40-2021, 42-2021 and 43-2021.
Key points
- Consolidated schedule. The weekly Price of Sugar at Millsite from the Sugar Regulatory Administration shows comparative prices between the previous year and current year. The consolidated schedule in the weekly OMs shows only current year prices.
- Use of the prices. The consolidated schedule is 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 June 2021
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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