Politics
VAT on system loss charges to be removed by November – ERC
Filipino consumers may see the 12% VAT on system loss charges removed from their electricity bills as early as November. However, eliminating system loss itself will require significant investments and considerable time.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines to Remove VAT on System Loss Charges by September
The Bureau of Internal Revenue (BIR) in the Philippines is set to remove value-added tax (VAT) on system loss charges in electricity bills by mid-September. This move, following an Energy Regulatory Commission (ERC) resolution, aims to alleviate the financial burden on consumers.