Diokno welcomes ERC commitment to remove VAT on electricity system loss charges
Akbayan Party-list Rep. Chel Diokno welcomed the Energy Regulatory Commission's (ERC) commitment to remove the 12-percent value-added tax (VAT) on electricity system loss charges. This move is expected to provide relief to Filipino consumers facing high electricity bills, with implementation potentially starting as early as October or November.
Why it matters
This change could significantly reduce electricity costs for millions of consumers in the Philippines, addressing a common complaint about high utility bills and demonstrating regulatory action on economic issues.
MANILA, Philippines ─ Akbayan Party-list Rep. Chel Diokno welcomed the Energy Regulatory Commission's commitment to expedite the removal of the 12-percent value-added tax on electricity system loss charges, saying the move could provide relief to millions of Filipino consumers facing high electricity bills.Diokno's remarks during the Committee on Appropriations' hearing on the budgets of the Department of Energy, as he pressed ERC Chairperson Atty. Francis Saturnino Juan on when consumers could expect to feel the impact of the VAT removal."So many of our fellow citizens fall victim to 'bill shock' whenever they receive their electric bills.
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