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Expanding LGU Fiscal Capacity Post-Mandanas by Marcovah Almario is a document available to read on EtoBox.
What is Expanding LGU Fiscal Capacity Post-Mandanas about?
The Supreme Court ruled that all national taxes, including excise taxes, VAT, and documentary stamp taxes collected by the Bureau of Customs, must be included in computing the just share of local government units. However, the expanded basis for computing the IRA will only apply prospectively from 2022 onward. The ruling significantly increases the share of revenues that local governments will receive from the national government.
- Author
- Marcovah Almario
- Language
- EN