VAT on system loss may be removed by November, but charge itself stays for now

Energy Regulatory Commission (ERC) Chair Francis Saturnino Juan says on Wednesday, September 2 that the removal of VAT on system loss charges has been targeted for November. He says the Bureau of Internal Revenue must first issue its directive, which ERC expects by September, after which the regulator will order distribution utilities to adjust their bill format. Meanwhile, Energy Secretary Sharon Garin says addressing the underlying system loss charge itself will take longer, since utilities still need to invest in network upgrades to reduce technical losses and curb non-technical losses such as electricity pilferage. Updates from Rappler app: https://rplr.co/FrontPage Subscribe: http://rplr.co/RapplerYouTube More videos on Rappler: https://www.rappler.com/video