ERC Proposes Scrapping VAT on System Loss Charge in Electricity
- Published:
- First detected:
Insights by Echo AI
The Energy Regulatory Commission (ERC) is proposing to remove the 12% Value Added Tax (VAT) on system loss charges in electricity, which amounts to billions of pesos annually. The ERC aims to finalize the resolution by early September and secure the Bureau of Internal Revenue's concurrence. This move is expected to provide immediate relief to consumers, with estimated savings of P6 billion. The proposal has received support from lawmakers and industry experts.
Source coverage
5
records merged
3
3 unique
0
0 unique
2
2 unique
5 Sources
RT @alvinelchico: JUST IN! Energy Regulatory Commission Chairman Atty...
The Energy Regulatory Commission is proposing to scrap the value-added...
Proposal to remove system-loss VAT charge reaches ERC level By Sheldee...
ERC’s VAT plan to ease power bills A LAWMAKER on Wednesday said that t...
Unlock Echo Intelligence
Move beyond the public feed. Monitor breaking stories across Telegram, X, and the web — with earlier visibility, clearer context, and complete control over your sources.
- Monitor Telegram, X, and web in one place
- Add any source, from niche channels to global outlets
- Build custom feeds around events, regions, entities, or keywords
- Merge duplicate coverage into one clear, source-transparent story
- Auto-translate summaries and full articles
- Search past coverage and use AI-powered editorial tools
