Implementation of VAT Law in Electric Power

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ERC NO. 20, S. 2005: Implementation of VAT Law in Electric Power

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Title Supreme Court: Implementation of VAT Law in Electric Power

Law: Erc No. 20, S. 2005

Decision Date: Nov 7, 2005

ERC Resolution No. 20-05 implements the recovery of Value Added Tax (VAT) in the electric power industry, imposing VAT on services and properties while providing a zero percent VAT rate for power generated through renewable sources, repealing VAT exemptions for certain entities, revoking the authority of private distribution utilities to collect national franchise taxes, and requiring posting and notification of the resolution within franchise areas.

electric power industry

renewable sources

franchise grantees

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