- Sen. Risa Hontiveros filed a bill to remove VAT on systems loss charges in electricity bills.
- The bill seeks to amend the National Internal Revenue Code to exclude these charges from VAT.
- Removing the 12% VAT on systems loss aims to make tax policies fairer and reduce electricity bills for consumers.
Source: newsinfo.inquirer.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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