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Tuesday, July 05, 2005 (Philippines)
| President Gloria Macapagal Arroyo during the swearing in ceremony of new Central Bank Governor Amando Tetango (right) at the Rizal Hall in Malacañang Palace. Witnessing the event is Finance Secretary Cesar Purisima (left). (Sun.Star Manila/Miko Santos) |
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CLAIMING that government stands to lose millions of pesos in revenues every day that the expanded value-added tax (EVAT) is not collected, the Department of Finance (DOF) Monday filed a motion at the Supreme Court (SC) to lift the temporary restraining order it issued early Friday night, or hours after the law came in effect.
Voting 13-2, the SC earlier issued an indefinite injunction on Republic Act (RA) 9337, which imposes a VAT on certain commodities such as fuel, power, non-agricultural products and services rendered by doctors and lawyers.
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