Politics
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.
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- 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.