Tax Digest
Volume 10,
Series 60
Sugar Prices for Expanded Withholding Tax Purposes

To circulate the price rates of sugar at millsite for taxation purposes based on the consolidated schedule provided, the BIR released 2 circulars for months of December 2016 and January 2017 for the consolidated schedule on the weekly Operations Memoranda which contains only that of the current year for purposes of imposing the 1% expanded withholding tax on sugar. However, the Sugar Regulatory Administration issues weekly price of sugar at millsite reflects the comparative prices of sugar between the previous year and current year.

Revenue Memorandum Circular Nos. 9, 15–2017
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