Topic

Vat free

Latest Daily Tribune news and analysis on Vat free.

  1. Gov’t drops system loss VAT

    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?

    2 MIN READ

  2. BIR removes vat from system loss charge

    BIR removes vat from system loss charge

    ‘For consumers, the practical effect is straightforward: Once the new rules become effective, VAT will no longer be imposed on the allowable system loss…

    2 MIN READ

  3. BIR clarifies VAT refunds for export firms

    BIR clarifies VAT refunds for export firms

    Qualified export-oriented enterprises may claim refunds for VAT incurred while awaiting zero-rating certification, provided they met the 70-percent export…

    1 MIN READ

  4. The Bureau of Internal Revenue (BIR)

    BIR allows exporters in transition VAT refunds

    The BIR clarified that qualified export-oriented enterprises may claim VAT refunds for eligible purchases and importations incurred while awaiting zero-rating…

    1 MIN READ

  5. THE system loss charge covers electricity that is lost as power moves through transmission and distribution networks.

    BIR moves to scrap VAT on system loss charge

    Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss charges classified as government-mandated…

    2 MIN READ

  6. BIR plans VAT removal on power system losses

    BIR plans VAT removal on power system losses

    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…

    2 MIN READ

  7. IF an Energy Regulatory Commission resolution declaring the System Loss Charge as a government-mandated pass-through cost that should not form part of the gross receipts of generation companies, the NGCP and DUs, for purposes of the 12 percent VAT under the National Internal Revenue Code gets the nod of the BIR, the VAT on the system loss charge will be scrapped, giving immediate and direct relief to electricity users nationwide.

    ERC ruling puts system loss outside VAT net

    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…

    2 MIN READ