Energy Reform: A Tax Perspective on Rising Power Costs in the Philippines
Rising electricity costs in the Philippines, driven by fuel price volatility and forex movements, are straining households and businesses. At the core of the issue lies the power sector's restructuring under the Electric Power Industry Reform Act of 2001 (EPIRA), which has led to multiple applications of Value Added Tax (VAT). Experts propose tax reforms and a review of forex risk allocation.
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