DOF Warns VAT Removal on Electricity Losses Could Cost P10B Annually

DOF: VAT-free power fee may cost gov’t P10B

MANILA, Philippines — The government could lose an estimated P10 billion annually from the planned removal of the 12-percent value-added tax (VAT) on electricity system loss charges, the Department of Finance (DOF) said. Speaking to reporters on the sidelines of an event, Finance Secretary Frederick Go confirmed the estimated revenue loss, saying the Bureau of

By cbuban