SolGen calls for SC lifting of TRO on tollways VAT By Benjamin B. Pult 08/26/2010

SolGen calls for SC lifting of TRO on tollways VAT

By Benjamin B. Pult 08/26/2010 Lawyers for the government have formally asked the Supreme Court (SC) to lift the temporary restraining order (TRO) it issued against the imposition of a 12-percent value-added tax (VAT) on toll way charges issued last Aug. 13 by the high court. The tribunal had stopped the VAT imposition three days before the government was supposed to start the implementation. In a 65-page comment, Secretary Cesar Purisima of the Department of Finance (DoF) and Commissioner Kim Henares of the Bureau of Internal Revenue (BIR) said “to stop the much needed implementation of a valid tax law is to ignore the legal truism that taxes are the lifeblood of the government.” and added the VAT law and its reforms “should not end on paper” and that “the success of the fiscal measure depends on a large degree on its implementation.” “Needless to say, a cold response to VAT on tollways and a ‘tunnel-vision’ approach in its enforcement are the last things a fiscally deficient nation needs,” Purisima and Henares added. Former Nueva Ecija Rep. Renato Diaz and former Assistant Secretary Aurora Ma. Timbol of the Department of Trade and Industry said the imposition of VAT on toll is unconstitutional.... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100826hed5.html

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