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                    [ArticleID] => 308178
                    [Title] => Electricity sector to impose eVAT next month
                    [Summary] => 

Electricity generation, transmission and distribution companies are now allowed to impose the Expanded Value Added Tax or eVAT after the Energy Regulatory Commission adopted a resolution implementing the new tax measure in the electricity sector. 



The ERC, however, said these companies could only start collecting higher rates next month because transactions made before October 31 but due for collection after November 1 and billed by end of November are still considered to be VAT zero-rated. 



                    [DatePublished] => 2005-11-23 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Cebu News
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                    [ArticleID] => 307118
                    [Title] => EVAT on power takes effect as ERC okays guidelines
                    [Summary] => The impact of the expanded value-added tax (EVAT) on power rates will now be felt by consumers as the Energy Regulatory Commission (ERC) issued the implementing guidelines on the new tax measure.


In a press conference yesterday, ERC chairman Rodolfo Albano Jr. said due to the mitigating measures, however, the impact of EVAT on electricity rates would average between seven to eight percent instead of 10 percent.


                    [DatePublished] => 2005-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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ENERGY TAX

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                    [ArticleID] => 308178
                    [Title] => Electricity sector to impose eVAT next month
                    [Summary] => 

Electricity generation, transmission and distribution companies are now allowed to impose the Expanded Value Added Tax or eVAT after the Energy Regulatory Commission adopted a resolution implementing the new tax measure in the electricity sector. 



The ERC, however, said these companies could only start collecting higher rates next month because transactions made before October 31 but due for collection after November 1 and billed by end of November are still considered to be VAT zero-rated. 



                    [DatePublished] => 2005-11-23 00:00:00
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                    [ArticleID] => 307118
                    [Title] => EVAT on power takes effect as ERC okays guidelines
                    [Summary] => The impact of the expanded value-added tax (EVAT) on power rates will now be felt by consumers as the Energy Regulatory Commission (ERC) issued the implementing guidelines on the new tax measure.


In a press conference yesterday, ERC chairman Rodolfo Albano Jr. said due to the mitigating measures, however, the impact of EVAT on electricity rates would average between seven to eight percent instead of 10 percent.


                    [DatePublished] => 2005-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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abtest

Electricity sector to impose eVAT next month

November 23, 2005 - 12:00am

Electricity generation, transmission and distribution companies are now allowed to impose the Expanded Value Added Tax or eVAT after the Energy Regulatory Commission adopted a resolution implementing the new...

Cebu News

EVAT on power takes effect as ERC okays guidelines

By Donnabelle L. Gatdula | November 17, 2005 - 12:00am

The impact of the expanded value-added tax (EVAT) on power rates will now be felt by consumers as the Energy Regulatory Commission (ERC) issued the implementing guidelines on the new tax measure. In a press conference...

Business