VAT relief for system loss charges out by September

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MANILA, Philippines — The Bureau of Internal Revenue (BIR) eyes the issuance of a circular removing value-added tax (VAT) on the allowable system loss charge in electricity bills by mid-September. In a statement on Wednesday, the BIR said it was preparing the revenue memorandum circular following Resolution No. 26 from the Energy Regulatory Commission (ERC). READ:

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VAT relief for system loss charges out by September

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