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Senator Imee Marcos on Saturday, May 21 hailed Energy Regulatory Commission (ERC) chairman Agnes Devanadera for advising the next administration to remove value-added tax (VAT) on power generation and maintain it only on power distribution. ‘’Her clear solution for lowering electricity costs is lon
Energy Regulatory Commission chairman Agnes Devanadera is fit to be the next secretary of the Department of Energy, according to Sen. Imee Marcos.
Our power sector might have been unprepared had the economy taken off from the strong 2019 growth platform. But the pandemic intervened and pushed us into a deep recession.
House of Representatives session hall (File photo) MANILA - Reelected Albay (2nd District) Representative Joey Salceda, chair of the tax committee, said Friday he will look for measures to fund the "Bayan Bangon Muli" (Nation, Rise Again) stimulus package being proposed by the incoming Marcos administration. Salceda particularly noted that it would be harder for the government to fund the spending package if it would create unwise tax exemptions, as he flagged the proposal of Energy Regulatory Commission Chair Agnes Devanadera to remove the 12-percent value-added tax (VAT) imposed on...
Outgoing Energy Regulatory Commission Chairperson Agnes Devanadera is submitting her proposals to the incoming administration to lower power rates, including suspension of excise tax on coal and petroleum and removal of double VAT imposition in pass-on costs.