Chiz Escudero pushes for VAT exemption on electricity to ease household costs

Chiz Escudero pushes for VAT exemption on electricity to ease household costs

SEN. Francis Escudero is seeking to exempt electricity sales from the 12-percent value-added tax (VAT), arguing that the proposal would provide immediate relief to households and businesses while preserving the government’s fiscal stability.Escudero said Senate Bill (SB) 476 adopts a targeted approach to tax relief by focusing solely on electricity — one of the biggest cost drivers for Filipino families and industries — rather than implementing …

ESCUDERO: GIVE ELECTRICITY SALES VAT EXEMPTION

Senator Chiz Escudero said electricity sales should be exempt from the 12-percent value-added tax (VAT), saying this targeted relief in the power sector under his proposed bill would have immediate impact and ease household and industrial burdens without undermining fiscal stability. Escudero acknowledged the recent remarks of Executive Secretary Ralph Recto, who cautioned against proposals to revert the expanded VAT to 10 percent owing to the g…