Household Expenses
VAT EXEMPTION ON SYSTEM LOSS ACT FOR RESIDENTIAL HOUSEHOLD CONSUMERS
This bill aims to exempt the system loss component from value-added taxes (VAT) in electricity sales to residential consumers, reducing their overall electricity costs.
VAT EXEMPTION ON SYSTEMS LOSS ACT FOR RESIDENTIAL HOUSEHOLD CONSUMERS
This bill aims to exempt the system loss component from value-added tax (VAT) in the sale of electricity to residential household consumers, potentially lowering their electricity bills.
VAT REDUCTION ACT
The VAT Reduction Act proposes to lower the Value-Added Tax (VAT) from 12% to 10%, aiming to alleviate the financial burden on Filipino families by reducing the cost of goods and services.
ABOLITION OF EXCISE TAX ON PETROLEUM PRODUCTS
This bill aimed to abolish the excise tax on diesel, kerosene, liquefied petroleum gas, fuel oil, and unleaded gasoline, which was intended to alleviate the financial burden on Filipino households and businesses.