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What is Income Classification Under RA 11964 about?

The BLGF Memorandum Circular No. 020-2024 outlines the Schedule of Income Reclassification for local government units in the Philippines, effective January 1, 2025, as mandated by Republic Act No. 11964. This circular provides guidelines for the automatic classification of provinces, cities, and municipalities based on their annual regular income over the past three fiscal years. Regional Directors are instructed to disseminate this information to all local government units for their compliance and referenc

Author

Lea

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EN