TITLE XIALLOTMENT
OF INTERNAL REVENUECHAPTER IDISPOSITION
AND ALLOTMENT OF NATIONAL INTERNAL REVENUE IN GENERAL
SEC.
283. Disposition of National Internal Revenue. - National
Internal revenue collected and not applied as herein above provided or
otherwise specially disposed of by law shall accrue to the National
Treasury
and shall be available for the general purposes of the Government, with
the exception of the amounts set apart by way of allotment as provided
for under Republic Act No. 7160, otherwise known as the Local
Government
Code of 1991.cralaw:red
In addition to the internal
revenue allotment as provided for in the preceding paragraph, fifty
percent
(50%) of the national taxes collected under Sections 106, 108 and 116
of
this Code in excess of the increase in collections for the immediately
preceding year shall be distributed as follows:
(a) Twenty percent
(20%) shall accrue to the city or municipality where such taxes arecollected and shall be allocated in accordance with Section 150 of
Republic
Act No.7160, otherwise known as the Local Government Code of 1991; and
(b) Eighty percent
(80%) shall accrue to the National Government.
SEC.
284. Allotment for the Commission on Audit. -
One-half of one percent (1/2 of 1%) of the collections from the
national
internal revenue taxes not otherwise accruing to special accounts in
the
general fund of the national government shall accrue to the Commission
on Audit as a fee for auditing services rendered to local government
units,
excluding maintenance, equipment, and other operating expenses as
provided
for in Section 21 of Presidential Decree No. 898.
The Secretary of Finance
is hereby authorized to deduct from the monthly internal revenue tax
collections
an amount equivalent to the percentage as herein fixed, and to remit
the
same directly to the Commission on Audit under such rules and
regulations
as may be promulgated by the Secretary of Finance and the Chairman of
the
Commission on Audit.
SEC.
285. Allotment for the Bureau of Internal Revenue. - An
amount equivalent to five percent (5%) of the excess of actual
collections
of national internal revenue taxes over the collection goal shall
accrue
to the special fund of the Bureau of Internal Revenue and shall be
treated
as receipts automatically appropriated. Said amount shall be utilized
as
incentive bonus for revenue personnel, purchase of necessary equipment
and facilities for the improvement of tax administration, as approved
by
the Commissioner: Provided, That the President may, upon
recommendation
of the Commissioner, direct that the excess be credited to a Special
Account
in the National Treasury to be held in the reserve available for
distribution
as incentive bonus in the subsequent years.
The Secretary of Finance
is hereby authorized to transfer from the Treasury an amount equivalent
to the percentage as herein fixed and to remit the same directly to the
Bureau of Internal Revenue under such rules and regulations as may be
promulgated
by the Secretary of Finance.