Senate bill seeks removal of systems loss VAT in electricity bills
MANILA, Philippines – A bill removing the value-added tax (VAT) on systems loss charges of electric utilities was filed in the Senate on Monday. Authored by Sen. Risa Hontiveros, Senate Bill No. 2076, or the “VAT Exemption on Systems Loss Act for Residential Household Consumers,” aims to amend the National Internal Revenue Code (NIRC) of
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