Gov’t drops system loss VAT
The tax didn’t fix the thing it made more expensive. Why are we so much better at collecting for stolen electricity than stopping it from being stolen?
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1,665 results for “BIR VAT refund”
The tax didn’t fix the thing it made more expensive. Why are we so much better at collecting for stolen electricity than stopping it from being stolen?
An ERC-issued resolution declares allowable system loss charge an inherent government-mandated pass-through cost that does not form part of the gross sales of…
Under the latest BIR Revenue Memorandum Circular No. 87-2026, VAT exemptions now cover 708 medicines for cancer, 537 for hypertension, 331 for diabetes, 300…
Senators JV Ejercito and Erwin Tulfo have filed twin Senate bills to scrap system loss charges and the 12% VAT on electricity bills, backing President…
Senator JV Ejercito has filed Senate Bills 2342 and 2343 to scrap the system loss charge and remove the 12% VAT on electricity, aiming to lower high power…
Sen. JV Ejercito has filed Senate Bills 2342 and 2343 to scrap system loss charges and remove the 12% VAT on electricity, aiming to lower power rates for…
... But Proposals regarding VAT on electricity are under the DOE; what the agency could do, instead, is provide technical input on the potential impact of such…
The Department of Energy says it is open to proposals to cut VAT on electricity to ease power costs, but warns any move must undergo careful fiscal review by…
Representative Franz Pumaren says removing excise tax and VAT on fuel is a “big factor” in easing rising pump prices and protecting consumers’ purchasing…
Meralco customers will see bigger bill deductions over the next 12 months after the Energy Regulatory Commission ordered the accelerated refund of ₱14.17…
The Commission on Audit ordered the Social Security System to refund P5.59 million to Allcard Plastics Philippines, ruling the penalties imposed on the UMID…
Carpio says SC challenge set
The House of Representatives says it has already restored the P60B PhilHealth funds through the 2026 budget, complying with President Marcos’ directive and…
Sen. Win Gatchalian has filed a bill seeking to abolish electricity bill deposits and require refunds with interest, aiming to reduce the financial burden on…
