May 7, 2015
Sugaronline | http://goo.gl/1VfTvs
The Sugar Regulatory Administration (SRA) noted an increase in the price of sugar after the Bureau of Internal Revenue (BIR) imposed value added tax (VAT) on raw sugar, according to the Philippines' ABS CBN News.
Based on SRA's monitoring for May, the lowest price of raw sugar is now at PHP40 (US$0.89), from a previous low of PHP30 in April.
May 7, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/TqP3vD
The Bureau of Internal Revenue will continue collecting advance Value Added Tax on raw sugar until it gets further orders from BIR Commissioner Kim Henares.
May 6, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/PPHCdM
Public consultations on the implementing rules and regulations of the Sugarcane Industry Development Act are set this month, Sugar Regulatory Administrator Ma. Regina Martin said yesterday.
The consultations will be held at the Sugar Regulatory Administration Social Hall in Quezon City today, at the SRA Bacolod Training Hall on May 14 ; and in Davao City on May 20 from 9 a.m. to 3 p.m.
May 6, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/rcvBuP
President Benigno Aquino III presided over a Cabinet executive session at Malacañan Palace yesterday to address the call of the sugar industry for the lifting of Value Added Tax on raw sugar.
It was agreed that the Bureau of Internal Revenue and the Sugar Regulatory Administration will sit down to come up with a definition of the raw sugar that will be granted exemption from VAT, SRA Administrator Ma. Regina Martin said.
March 31, 2015
Visayan Daily Star by Carla Gomez | http://goo.gl/wKJFNp
Rep. Alfredo Abelardo Benitez (Neg. Occ., 3 rd District) said he met with Bureau of Internal Revenue chief Kim Henares yesterday and she assured that she will come out soon with a new revenue regulation exempting all small planters with annual gross revenue of P300,000 and below from filing monthly BIR requirements stipulated in Revenue Regulation 11-2014.
March 26, 2015
Sugaronline | http://goo.gl/kbsXnR
Sugar Regulatory Administrator Ma. Regina Martin said that 40%-50% of the standing sugarcane to be milled next crop year in Negros are the most affected by the dry spell hitting the province, and badly need rain, according to the Philippines' Visayan Daily Star.
"If rains will fall, these affected canes may still recover, so we pray for this," she said.
The millable standing canes affected by the dry spell are 20 to 30%, she said.
March 26, 2015
ABS-CBN News by Czeriza Valencia, PhilStar | http://goo.gl/1UWUjb
MANILA, Philippines - The Sugar Regulatory Administration (SRA) has asked the Bureau of Internal Revenue (BIR) to postpone the implementation of the recently imposed 12 percent advance value-added tax on raw and refined sugar until the start of the next crop year.
March 25, 2015
Visayan Daily Star by Carla Gomez | http://goo.gl/TgkhXf
All the sugar federations will file cases against traders who deduct a 12 percent Valued Added Tax from raw sugar they bid for and buy starting today, Manuel Lamata, president of the United Sugar Producers Federation of the Philippines, warned yesterday.
March 24, 2015
Visayan Daily Star | http://goo.gl/PYeqCj
The Sugar Regulatory Administration is requesting the Negros Occidental government to hasten its cloud-seeding operation to mitigate the effect of the prolonged dryspell in the province.
In a letter to Gov. Alfredo Marañon, Jr. coursed through the office of Provincial Agriculturist Igmedio Tabianan, Administrator Ma. Regina Martin-Bautista, said the request of SRA for cloud-seeding is imperative so the next cropping season will not be affected.
March 24, 2015
Visayan Daily star by Carla Gomez |http://goo.gl/W9u9vp
Sugar leaders yesterday welcomed the call of Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District) for a House inquiry into tax impositions on raw sugar by the Bureau of Internal Revenue, but aired their opposition to the move to subject more agricultural lands to agrarian reform.