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Revenue Memorandum Circular · RMC

RMC No. 33-2022

To circularize the Consolidated Price of Sugar at Millsite for the month of December 2021, as contained in Operations Memorandum (OM) Nos. 1-2022, 2-2022, 3-2022 and 4-2022.

Bureau of Internal RevenueIndependent research copy
Document type
RMC
Number
33
Year
2022
Text quality
Not specified

Document text

Reference copy · verify against the official source
RMC No. 33-2022, issued March 30, 2022, circularizes the Consolidated Price of Sugar at Millsite for the month of December 2021, as contained in Operations Memorandum (OM) Nos. 1-2022, 2-2022, 3-2022 and 4-2022. The circular explains that while the weekly Price of Sugar at Millsite issued by the Sugar Regulatory Administration reflects comparative prices between the previous year and the current year, the consolidated schedule in the weekly OMs contains only current-year prices, for purposes of imposing the one percent (1%) Expanded Withholding Tax on sugar under RR No. 2-98, as amended by RR No. 11-2014.