Go sees P10B loss from systems loss VAT removal

The Manila Times 01 Sep Philippines

THE removal of the 12-percent value-added tax (VAT) on system loss charges will cost the government some P10 billion annually, a Cabinet official said on Tuesday. “I think it’s P10 billion,” Finance Secretary Frederick Go told reporters. In a bid to lower costs for consumers, the Energy Regulatory Commission (ERC) last month ruled that allowable system loss charges are not part o

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