Tags / Electric power industry
Electric power industry
Measures (2)
SBN-2111bill · in_committee
VAT EXEMPTION ON POWER CHARGES ACT
This bill seeks to amend the National Internal Revenue Code to exclude systems loss charges, universal charges, and cross subsidies from the value-added tax base on power sales, aiming to reduce electricity costs for consumers.
SBN-1859bill · withdrawn
VAT TREATMENT OF SOCIALIZED ELECTRICITY SUBSIDIES AND STATUTORY CHARGES
Senate Bill No. 1859 aimed to clarify the value-added tax treatment of socialized electricity subsidies and statutory charges under the Electric Power Industry Reform Act of 2001. The bill proposed amendments to the National Internal Revenue Code to address these issues.