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SB 574Officially reportedPending in committee

Vat Exemption On Sale Of Electricity By Generation, Transmission And Distribution Companies

An Act To Lower The Price Of Electricity By Exempting Its Sale By Generation, Transmission And Distribution Companies And Electricity Cooperatives From The Imposition Of Value Added Tax, Amending For The Purpose, Sections 108 (A) And 109 (1) Of The National Internal Revenue Code, As Amended By Republic Act No. 9337, And For Other Purposes

Description

Subjects: Electricity Rate Reduction; Tax Exemption; Taxes (Value-Added Tax / Vat); National Internal Revenue Code (NIRC)

Legislative progress

FiledCommitteeOne chamberBoth chambersLaw
  1. Jul 17, 2019
    Filed
  2. Aug 7, 2019
    Pending in committee

Authors (1)

Grace Poe
Senator