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BIR says lifeline subsidy, green energy allowance not taxable
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BIR says lifeline subsidy, green energy allowance not taxable
MANILA, Philippines — The Bureau of Internal Revenue (BIR) has clarified that the Lifeline Subsidy and the Green Energy Auction Allowance (GEA-All) are not subject to value-added tax (VAT) and withholding tax under Revenue Memorandum Circular (RMC) No. 60-2026 issued on June 4. The circular amends RMC No. 116-2024 by adding the Lifeline Subsidy and
·Manila, Philippines (the)
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Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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