REVENUE MEMORANDUM CIRCULAR NO. 103-2017 issued on December 28, 2017 circularizes the Consolidated Price of Sugar at Millsite for the month of November 2017, as contained in Operations Memorandum (OM) Nos. 2017-11-05, 2017-11-06, 2017-12-01 and 2017-12-02.

     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 contains 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 (RR) No. 2-98, as amended by RR No. 11-2014.