DOF and DOE sign joint memorandum circular granting LGU tax exemptions to electric co-ops, empowering them to expand electricity access to all Filipinos
PRESS RELEASE The Department of Finance (DOF) and the Department of Energy (DOE) signed on December 4, 2024 a joint memorandum circular that allows qualified electric cooperatives (ECs) to seek tax exemptions from local government units (LGUs), reducing financial burdens and
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TAG Association of Philippine Electric Cooperatives, Bureau of Local Government Finance (BLGF), Cooperative Development Authority (CDA), Department of Energy (DOE), Department of Finance (DOF), DOF Undersecretary Bayani Agabin, electric cooperatives, Energy Secretary Raphael Lotilla, League of Cities of the Philippines, Local Government Code, Local Government Units (LGUs), National Electrification Administration (NEA), Philippine Rural Electric Cooperatives, R.A. 10531 (An Act Strengthening the National Electrification Administration), R.A. 7160, Ralph Recto, Union of Local Authorities of the Philippines (ULAP)