An Act Excluding Systems Loss Charges, Universal Charges, and Cross Subsidies, from the Value-Added Tax (VAT) Base on Power Sales, Amending for the Purpose Section 108 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
The bill proposes to stop applying the 12% value‑added tax to certain fees that are passed through on electricity bills—specifically system loss, universal, and cross‑subsidy charges—so that only the actual cost of electricity is taxed.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-2111 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.