Daily TribuneTopic
Electricity consumers could soon see lower power bills as the Bureau of Internal Revenue (BIR) prepares to remove the value-added tax on the allowable system…
· 2 MIN READ
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
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
As monsoon rains continue to affect parts of the country, the Manila Electric Company (Meralco) is powering relief for its customers, with crews and personnel…
· 4 MIN READ
The overall electricity rate has declined by P0.0428 per kilowatt-hour to P14.7833 per kWh, down from P14.8261 per kWh in July. ‘For residential customers of…
· 2 MIN READ
Meralco said they are hoping that the downward adjustment will bring relief to Meralco customers, especially with the lower overall demand observed in the…
· 2 MIN READ
The Bureau of Internal Revenue (BIR) said the number of value-added tax (VAT)-exempt medicines has increased to 2,277 following the inclusion of 14 additional…
· 2 MIN READ
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…
· 1 MIN READ
‘The quickest way to improve a family’s finances is not always by giving them more — it is by allowing them to keep more of what they have already earned.’
· 2 MIN READ
Residential customers of Manila Electric Co. (Meralco) consuming around 200 kilowatt-hours (kWh) a month are expected to save a little over P100 on their…
· 2 MIN READ
The ERC decision to implement a refund for consumers comes in direct response to numerous longstanding complaints about the continuous increase in electricity…
· 2 MIN READ
The Chamber stressed, however, that deeper reforms are urgently needed to secure affordable, reliable, and sustainable power nationwide.
· 2 MIN READ
Manila Electric Co. (Meralco) said it will implement a P9.5-billion refund to customers over the next six months after the Energy Regulatory Commission (ERC)…
· 3 MIN READ
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund more than P9.5 billion to consumers after determining that…
· 2 MIN READ
Senior Deputy Majority Leader Sen. JV Ejercito has filed two bills seeking to lower electricity rates by removing the system loss charge passed on to consumers…
· 1 MIN READ
The reason was obscene in its very nature; the Marcos government found a way to profit from a war half a world away.
· 3 MIN READ
The Supreme Court (SC) has updated the rules governing when the processing period begins for value-added tax (VAT) refund claims, clarifying procedures that…
· 1 MIN READ