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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50,393 results for “12 percent 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?
‘For consumers, the practical effect is straightforward: Once the new rules become effective, VAT will no longer be imposed on the allowable system loss…
The BIR has removed VAT on the allowable system loss charge within the ERC-approved cap, a move expected to lower covered electricity charges for consumers.
Qualified export-oriented enterprises may claim refunds for VAT incurred while awaiting zero-rating certification, provided they met the 70-percent export…
The BIR clarified VAT refund eligibility for export-oriented enterprises during the transition to the new zero-rating certification system.
The BIR clarified that qualified export-oriented enterprises may claim VAT refunds for eligible purchases and importations incurred while awaiting zero-rating…
The BIR clarified that qualified export-oriented enterprises may claim VAT refunds on eligible purchases and imports made while awaiting zero-rating…
Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss charges classified as government-mandated…
The Bureau of Internal Revenue (BIR) is preparing to remove the value-added tax (VAT) imposed on allowable system loss charges in electricity bills, a move…
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…
The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
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. Rodante Marcoleta renewed his call to scrap the 12% VAT on electricity and expand subsidies for low-income consumers, urging urgent legislative action to…
Senator Rodante Marcoleta files a bill to remove the 12% VAT on electricity sales, aiming to ease high power costs and improve affordability for Filipino…