RMC 97-2026: Things You Need to Know About Removing VAT on System Loss Charges in Electricity Bills
The Issuance of RMC 97-2026 Last September 14, 2026, the BIR issued Revenue Memorandum Circular (RMC) No. 97-2026, formally aligning with the position of the Energy Regulatory Commission (ERC) under ERC Resolution No. 26-2026—making the “allowable system loss charge” on electricity bills (subject to the ERC-approved cap) to be treated as a government-mandated pass-through cost […]