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ERC EXCLUDES SYSTEM LOSS CHARGE FROM VAT BASE

The Energy Regulatory Commission (ERC) approved a Resolution declaring the system loss charge as an inherent government-mandated pass-through cost that does not form part of the gross sales of Generation Companies (GCs), the National Grid Corporation of the Philippines (NGCP), and Distribution Utilities (DUs) for Value-Added Tax (VAT) purposes.   This measure, which if confirmed by […]