System loss removal from VAT to result in P10-billion foregone revenue — DoF

BusinessWorld - BusinessWorld Online 01 Sep Philippines

THE GOVERNMENT stands to forego about P10 billion annually from the removal of the 12% value-added tax (VAT) charged against system losses for electricity, Finance Secretary Frederick D. Go said on Tuesday. “I think it’s P10 billion. That’s annually,” he told reporters at the sidelines of an event on Tuesday. He added that the Department […]

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