HB 864
House·20th Congress·Filed Jul 1, 2025
An Act Exempting the Sale of Electricity by Generation, Transmission and Distribution Companies and Electric Cooperatives from the Imposition of Value Added Tax, Amending for the Purpose, Sections 108 (A) and 109 (1) of the National Internal Revenue Code, as Amended by Republic Act No. 9337 and 10863, and for Other Purposes
In plain language
The proposal would remove the 12% VAT on electricity sold by power generators, transmission firms, distribution companies, and electric cooperatives, aiming to lower electricity costs for consumers.
Taxation
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Author · Representative
Official sources
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HB00864 · Sources: BetterGov Open Congress, BatasWatch