NEA issues rules for tax exemption of electric co-ops

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The story "NEA issues rules for tax exemption of electric co-ops" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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NEA issues rules for tax exemption of electric co-ops - Business Mirror

Quick Summary:

THE National Electrification Administration (NEA) has laid down the criteria and parameters for electric cooperatives (ECs) who want to avail exemptions from local taxes, fees and charges in their respective local government units (LGUs).

Meanwhile, a 10-point bonus will be granted to ECs that will maintain “positive” result of financial operation, inclusive of reinvestment fund for sustainable capital expenditures.

The ECs need to achieve a 75-percent score using the performance assessment criteria to receive a certificate of compliance.