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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
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.
Figures exclude cities in Metro Manila. GDP (Nominal) figures based on 2018 Philippine Constant Prices as published by the Philippine Statistics Office on their various public releases in 2023. GDP in PPP using 2018 Constant Prices not publicized. GDP in USD using 2023 Exchange Rates. % of GDP Regional not publicized for Central Visayas Cities.
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 ...
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
The following is a list of renamed cities and municipalities in the Philippines. Luzon. Adan → Adams [1] Alava → Sison; Albay → Legaspi (1925) [2] → Legazpi;
Its creation and purpose is mandated by Section 496 of the Republic Act 7160, otherwise known as the Local Government Code of 1991, as amended, which states: . There shall be an organization of all municipalities to be known as league of municipalities for the primary purpose of ventilating, articulating and crystallizing issues affecting municipal government administration, and securing ...