SC issues TRO vs E-VAT

[Monseratto]

Hayy...may dumating na good news ngayon...

The Supreme Court issued a temporary restraining order (TRO) against the implementation of the expanded Value-Added Tax Law (E-VAT) Friday evening, abs-cbnNEWS.com learned.

At the same time, the high tribunal set the oral arguments for the petition to permanently halt the implementation of the new tax law on July 26.

In a five-page decision, the Court gave the respondents Executive Secretary Eduardo Ermita, Finance Secretary Cesar Purisima and Bureau of Internal Revenue Commissioner Guillermo Parayno 10 days to submit their comments on the petition against the E-VAT law.

The high court voted 13-2 in favor of the TRO. The two dissenting votes came from Chief Justice Hilario Davide and Justice Reynato Puno, arguing that the collection of taxes is the life blood of the nation.

The decision orders the government to immediately halt the collection of E-VAT until a ruling is issued by the Supreme Court.

Associate Justices Angelina Sandoval-Gutierrez, J. Antonio Carpio and Renato Corona relayed their decisions from Madrid, Spain.

Before the TRO, business establishments affected by the E-VAT have already adjusted their prices to reflect their additional tax payments.

On Friday, oil companies increased their prices by at least P3 per liter while the Philippine Airlines adjusted their ticket prices for local flights and cargo by 10 percent.

[chua_riwap]

Natakot na sila, kasi alam nila ang magiging backlash niyang eVAT na yan. Mas lalong lulubog si GMA pag yan itinuloy nila.

Tanong: Paano yung nagtaas na? Mari-refund pa ba yung ibinayad natin?

[GlennSter]

as far as i know, hindi mo marerefund..ang tanong..ibabalik ba nila sa dating presyo ang produktong petrolyo?

[Bogeyman]

Effective immediately na ba ito? Baka mamaya may mga mag-insist na maningil ng E-VAT kahit may TRO na.

[chua_riwap]

as far as i know, hindi mo marerefund..ang tanong..ibabalik ba nila sa dating presyo ang produktong petrolyo?

Yun nga Sir, eh. Dapat ibalik sa dating presyo yung presyo ng petrolyo. Kapal naman nila kung di nila gagawin ito.

[CLAVEL3699]

balik kaya presyo gaso ngayon?

matingnan nga kaya sa shell

[ILuvDetailing]

Dumaan ako kanina sa Caltex Edsa, balik 30 petot yung unleaded, 29 yung diesel.

[GlennSter]

yahooooooooooooo

[chua_riwap]

Dumaan ako kanina sa Caltex Edsa, balik 30 petot yung unleaded, 29 yung diesel.

[madmaxmaloles]

other gas companies like petron and shell still have the evat inclusive prices. Caltex lang nakita ko kaninang nagrollback when I passed by libis around 12am. Kanina sa news tinanong isang owner ng petron station owner at sabi nya inaantay pa nila advise from petron. Hopefully ibalik nila kaagad.... kawawa naman yung mga nagpagas kanina...

[oldblue]

yehey!

[creepy]

Argentina here were come... The Philippines -- the Kamote-Banana Republic courtesy of the Supreme Court!

There have been no major reforms in the country which were not blocked by this populist Supreme Court.

[j_avonni]

Okay, even for a few days.

[mazdamazda]

There have been no major reforms in the country which were not blocked by this populist Supreme Court.

It was only a TRO... but I expect that it wouldn't be renewed.

[BlueBimmer]

well a few days is better than nothing i guess...san iextend..

[squala]

ONLI IN DA PILIPINS: Victims of the 1-day oil price hike will no longer be able to remit the extra they shouldn't have paid for in the first place. In other countries, you can present the receipt and the government automatically gives back your money.

[mikaztro]

Not so fast guys, It is only temporary. Let's hope it is permanent. The Filipino people is suffering from this kind of new economic reforms necessary to stop the hemorrhaging budget deficit. One can only surmise.

The President should first curb the graft and corruption in the country and try to minimize the expenses of non performing government institutions and its inutile staff.

[ILuvDetailing]

Natawa ako sa kwentuhan ng employees namin kanina sabi ng secretary namin "Tinaas nga yung sweldo ng 25 pesos, dinagdagan naman yung singil sa w/holding tax at SSS wala ding kwenta"

[Blackraven]

Argentina here were come... The Philippines -- the Kamote-Banana Republic courtesy of the Supreme Court!

There have been no major reforms in the country which were not blocked by this populist Supreme Court.

Yun nga e. I wonder what our exchange rates will be for this week.

I better read the papers starting tomorrow for more info.

But I can see why the E-VAT would be rejected and this is probably the main reason:

$60/barrel + 10% e-VAT = very lethal mix.

Well, before I start making my comments sometime this week, basahin ko muna ang mga dyaryo once I head back to school tomorrow to get more info regarding the issue.

[mazdamazda]

The President should first curb the graft and corruption in the country and try to minimize the expenses of non performing government institutions and its inutile staff.

The gov't has already been trying to private many of its assets since FVR's time.

The problem is that the employees of these GOCCs are the ones trying to halt this (along with various militants who oppose privatization).

By the way, the E-VAT law is not only just about raising taxes... but to also help the government monitor the input/output tax declarations of companies. A lot of tax leaks are occurring here (to the tune of P100B last year) thanks primarily to companies who don't want to pay their proper taxes.