By Justine Irish D. Tabile, Senior Reporter
THE Bureau of Internal Revenue (BIR) is preparing a Revenue Memorandum Circular (RMC) that will remove the value-added tax (VAT) on the allowable system loss charge in electricity bills.
In a statement on Wednesday, the BIR said it is set to issue the RMC 15 days after the publication of Energy Regulatory Commission (ERC) Resolution No. 26, Series of 2026.
“When there is a clear basis under the law to provide tax relief, we should act on it,” BIR Commissioner Charlito Martin R. Mendoza said.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
