The bill proposes to remove the 12 % VAT on electricity sold by generation, transmission, distribution companies and electric cooperatives, and to list such sales as exempt transactions under the tax code.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB06740. Status changes over time; check the link for the latest.
HB06740 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.