REVENUE MEMORANDUM CIRCULAR NO. 1-2019 issued on January 8, 2018 circularizes the Consolidated Price Sugar at Millsite for the month of November 2019=8 contained in Operations Memorandum (OM) Nos. 2018-11-03, 2018-11-04, 2018-12-01 and 2018-12-03-2.
While the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration reflects the comparative prices of sugar between the previous year and current year, the consolidated schedule on the said weekly OMs contain only that of the current year for purposes of imposing the one percent (1%) Expanded Withholding Tax on sugar prescribed under the provisions of Revenue Regulations No. 2-98, ad amended by RR No. 11-2014.