Mark Villar seeks urgent removal of ‘unfair’ VAT on system loss

MANILA, Philippines — The 12-percent value-added tax (VAT) imposed on system loss charges in electricity bills should be removed because consumers should not be taxed for electricity they did not actually use, Sen. Mark A. Villar said in a statement on Wednesday. To achieve this, Villar filed Senate Bill No. 2392, which seeks to exempt

By Alexander Magno