BIR inalis na ang VAT sa allowable system loss charge base sa inaprubahang cap ng ERC | TV Patrol
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Summary
The Bureau of Internal Revenue (BIR) has removed the Value Added Tax (VAT) on allowable system loss charges for electricity consumers.
Highlights
Removal of VAT on System Loss00:00:00
The Bureau of Internal Revenue has officially removed VAT on system loss charges that fall within the caps set by the Energy Regulatory Commission.
Implementation and Billing Requirements00:00:28
Power companies, including NGCP, distribution utilities, and electric cooperatives, are now mandated to separately itemize system loss charges on consumer billing statements to ensure transparency and compliance.