An Act Clarifying the Value-Added Tax Treatment of Socialized Electricity Subsidies and Statutory Charges Under Republic Act No. 9136, Otherwise Known as the Electric Power Industry Reform Act of 2001, Amending for the Purpose Section 108 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
The bill would stop applying value‑added tax to the amounts that utilities collect on behalf of the government, such as lifeline and senior‑citizen subsidies, because those funds are not the utilities’ income.
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/SBN-1963. Status changes over time; check the link for the latest.
SBN-1963 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.