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The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces , independent cities , component cities, municipalities , and barangays each get a separate allotment.
They are given a bigger share of the Internal Revenue Allotment (IRA) compared to regular municipalities. As of June 30, 2024, there are 149 cities (33 highly urbanized, 5 independent component, 111 component) and 1,493 municipalities encompassing the country. There are a total of 1,642 cities and municipalities in the Philippines. [1
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
Some towns and cities remit their revenue to national government and is returned through the national government through a process called internal revenue allotment. Below barangays in some cities and municipalities are sitios and puroks. All of these, with the exception of sitios and puroks, elect their own executives and legislatures. Sitios ...
Petitioners also pointed out that the wholesale conversion of municipalities into cities will reduce the share of existing cities in the Internal Revenue Allotment (IRA) because more cities will share the same amount of internal revenue set aside for all cities under Section 285 of the Local Government Code. [2]
[8] DOF Secretary Carlos Dominguez III claimed tax revenues grew by 18.2%, "exceeding the 9.7 percent nominal gross domestic product (GDP) growth." [8] Departments that saw immediate benefits from Package 1 include the Bureau of Internal Revenue and Bureau of Customs, both with a 14.2% and 24.7% increase in revenue.
This page was last edited on 15 January 2023, at 05:10 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...