Lawmakers seek to cut VAT on system loss charge in power bills

MANILA, Philippines — Lawmakers filed measures seeking to cut the value-added tax (VAT) collected on the unpopular system loss charge in power bills, in a move aimed at easing what is widely seen as a burdensome levy. Senior Deputy Speaker Ferdinand Hernandez and Marikina Rep. Miro Quimbo, who heads the House ways and means committee,

By mareyes