Value-Added Tax
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.
TEMPORARILY SUSPENDING OR REDUCING THE IMPOSITION OF VALUE-ADDED TAX (VAT) ON PETROLEUM PRODUCTS
This bill aims to temporarily suspend or reduce the Value-Added Tax (VAT) on petroleum products to provide immediate relief during fuel price crises. It allows the President to act based on specific economic conditions, such as high crude oil prices or a declared national emergency.
GRANTING THE PRESIDENT THE POWER TO LOWER THE RATE OF VALUE-ADDED TAX ON PETROLEUM PRODUCTS
This bill grants the President of the Philippines the authority to lower or suspend the Value-Added Tax (VAT) on petroleum products for up to one year during a national emergency or state of calamity.
VAT TREATMENT OF SOCIALIZED ELECTRICITY SUBSIDIES AND STATUTORY CHARGES
This bill clarifies the value-added tax (VAT) treatment of socialized electricity subsidies and statutory charges under the Electric Power Industry Reform Act of 2001. It amends the National Internal Revenue Code to exclude certain amounts from the VAT base, ensuring that consumer-provided subsidies do not contribute to the VAT burden on electricity consumers.
MURANG BILIHIN AT SERBISYONG MEDIKAL ACT
The Murang Bilihin at Serbisyong Medikal Act aims to reduce the cost of basic goods, essential utilities, and medical services by expanding value-added tax exemptions. It proposes to amend the National Internal Revenue Code to exempt certain transactions from VAT, thereby making essential goods and services more affordable for low-income households.
DIFFERENTIATED VALUE-ADDED TAX RATES ACT
This bill proposes to reduce the general Value-Added Tax (VAT) rate from 12% to 10% while maintaining the 12% rate for certain non-essential and environmentally sensitive goods and services. It amends several sections of the National Internal Revenue Code to implement these changes.
VAT REDUCTION ACT OF 2025
Senate Bill No. 1552 proposes to reduce the Value-Added Tax (VAT) from 12% to 10%, amending specific sections of the National Internal Revenue Code. This change aims to align the Philippines' VAT rate with those of neighboring countries and alleviate the financial burden on low- and middle-income households.
BAWAS, BUWIS, GINHAWA PARA SA PILIPINO ACT
The Bawas Buwis, Ginhawa para sa Pilipino Act aims to abolish the Value-Added Tax (VAT) in the Philippines, which is seen as a regressive tax burden on low- and middle-income families. The bill proposes to repeal specific sections of the National Internal Revenue Code related to VAT and establish alternative revenue sources.
EXEMPTING ELECTRICITY SALES FROM VALUE-ADDED TAX
This bill aims to exempt electricity sales from the value-added tax (VAT) to reduce electricity costs, which are high in the Philippines compared to other countries. The exemption is expected to lower operating costs for businesses, help control inflation, and increase disposable income for households.
THE LOCAL GOVERNMENT DEVELOPMENT FUND ACT OF 2025
The Local Government Development Fund Act of 2025 establishes a fund sourced from 1% of total Value Added Tax (VAT) collections to finance local development projects, programs, and activities by local government units (LGUs).
AMENDING THE NIRC (EXEMPTING ELECTRICITY SALES FROM VAT)
This bill aims to exempt electricity sales from the twelve percent (12%) value-added tax (VAT) to reduce electricity costs for consumers and stimulate economic activity.
GRANTING THE PRESIDENT THE POWER TO REDUCE OR SUSPEND VAT ON PETROLEUM PRODUCTS
This bill aimed to grant the President the authority to lower or suspend the Value-Added Tax (VAT) on petroleum products during national emergencies or states of calamity for up to one year.