REVENUE MEMORANDUM CIRCULAR NO. 38-2021 issued on March 18, 2021circularizes the Consolidated Price of Sugar at Millsite for the month of January 2021 contained in Operations Memorandum (OM) Nos. 7-2021, 8-2021, 9-2021, 12-2021 and 13-2021
      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, thconsolidated 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.