No. of Issuance  RMC No. 33-2019

Subject Matter Circularizes the Consolidated Price of Sugar at Millsite for the month of January 2019 Digest Full Text

Date of Issue March 8, 2019

REVENUE MEMORANDUM CIRCULAR NO. 33-2019 issued on March 8, 2019 circularizes the Consolidated Price of Sugar at Millsite for the month of January 2019 contained in Operations Memorandum (OM) Nos. 2019-01-10, 2019-01-11, 2019-02-02 and 2019-02-04.

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