Gatchalian Says VAT on Electricity System Loss Charges Can Be Removed by Regulation

• Senate President Sherwin “Win” Gatchalian said the 12% VAT on electricity system loss charges can be removed without a new law.
• He said the Energy Regulatory Commission (ERC) only needs to issue a regulation to implement the removal.
• The Bureau of Internal Revenue and the Senate energy committee support this view, citing the Ease of Paying Taxes Act.
• The move is seen as the fastest way to reduce electricity costs while broader efforts to eliminate system loss charges continue.

Source: canadianinquirer.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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