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                    [Title] => Government to lose P28B from power sector tax perk bill – Teves
                    [Summary] => Government stands to lose billions of pesos in annual revenues once a bill that seeks to extend a controversial tax privilege to the entire electric power industry is passed by Congress, Negros Oriental Rep. Herminio Teves warned over the weekend.


House Bill 4847, which seeks to extend the value-added tax (VAT) zero-rated privileged to firms engaged in the transmission and distribution of electricity, would deprive government of at least P28 billion in revenue each year, according to Teves, House ways and means committee senior vice chair.


                    [DatePublished] => 2003-03-24 00:00:00
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BESIDES MERALCO

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                    [ArticleID] => 200134
                    [Title] => Government to lose P28B from power sector tax perk bill – Teves
                    [Summary] => Government stands to lose billions of pesos in annual revenues once a bill that seeks to extend a controversial tax privilege to the entire electric power industry is passed by Congress, Negros Oriental Rep. Herminio Teves warned over the weekend.


House Bill 4847, which seeks to extend the value-added tax (VAT) zero-rated privileged to firms engaged in the transmission and distribution of electricity, would deprive government of at least P28 billion in revenue each year, according to Teves, House ways and means committee senior vice chair.


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abtest

Government to lose P28B from power sector tax perk bill – Teves

March 24, 2003 - 12:00am

Government stands to lose billions of pesos in annual revenues once a bill that seeks to extend a controversial tax privilege to the entire electric power industry is passed by Congress, Negros Oriental Rep. Herminio...

Business