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Local laws: major sources of revenue for the local government units (LGUs) are the taxes collected by virtue of Republic Act No. 7160 or the Local Government Code of 1991, [4] and those sourced from the proceeds collected by virtue of a local ordinance. Taxes imposed at the national level are collected by the Bureau of Internal Revenue (BIR ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
Congress enacted the Local Government Code of the Philippines in 1991 to "provide for a more responsive and accountable local government structure instituted through a system of decentralization with effective mechanisms of recall, initiative, and referendum, allocate among the different local government units their powers, responsibilities ...
The Bureau of Internal Revenue [2] (BIR; Filipino: Kawanihan ng Rentas Internas) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government. It is an agency of the Department of Finance and it is led by a Commissioner.
Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees ...
The Community Tax Certificate does not act as a residence certificate which is instead covered by the Barangay Certification/Barangay Clearance. The Philippine national government's current power to levy community taxes and issue accompanying certificates through local government units is by virtue of Article 6 of the 1991 Local Government Code ...
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The Local Government Code, enacted in 1991, establishes the system and powers of the local government in the Philippines: provinces, cities, municipalities and barangays. The Local Government Code empowers local governments to enact tax measures, including real property taxes, and assures the local governments a share in the national internal ...