BIR says lifeline subsidy, green energy allowance not taxable

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has clarified that the Lifeline Subsidy and the Green Energy Auction Allowance (GEA-All) are not subject to value-added tax (VAT) and withholding tax under Revenue Memorandum Circular (RMC) No. 60-2026 issued on June 4. The circular amends RMC No. 116-2024 by adding the Lifeline Subsidy and