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Monday, September 20, 2004
Arroyo certifies Tax Amnesty Bill as urgent (5:30 p.m.)
MANILA -- President Arroyo certified as urgent House Bill No. 2933.
The bill is entitled "An Act Granting a One-Time Tax Amnesty on All Unpaid National Interest Revenue Taxes Imposed by the National Government for Taxable Year 2003 and Prior Years."
Arroyo, in her letter addressed to Speaker Jose de Venecia Jr., highlighted the immediate enactment of the tax measure to "meet the public emergency borne out of the urgent need to creatively mobilize revenue resources in the immediate term to fund the government’s economic and social programs."
Arroyo added that the measure will "instill upon the general citizenry, particularly among the errant taxpayers, the value of civil responsibility by providing an option for them to make a truthful and faithful disclosure of their untaxed income or adjust their statement of assets and net worth in order to become an integral part of the national tax base." |
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