BusinessWorld Online·2 min read·medium
loss VAT charge reaches ERC level
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✦AI Summary
The Philippine Energy Regulatory Commission is proposing to remove the 12% VAT on electricity system loss charges to lower costs for consumers. The move is supported by President Marcos Jr. and aims to align tax policy with the actual delivery of services.
THE Energy Regulatory Commission (ERC) is proposing to scrap the 12% value-added tax (VAT) from electricity losses charged to consumers to reduce their costs, which is expected to result in P6 billion savings.
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