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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.
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 ).
Municipal government in the Philippines is divided into three – independent cities, component cities, and municipalities (sometimes referred to as towns). Several cities across the country are "independent cities" which means that they are not governed by a province, even though like Iloilo City the provincial capitol might be in the city.
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 ".
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 ...
Municipal districts, which were in essence unincorporated areas presided over by local tribal chiefs set up by American authorities, were created for the first time in 1914. [14] More municipalities were created during this time, especially in Mindanao where there was a massive influx of settlers from the Luzon and the Visayas. [15]