Presidential Decree No. 1618 (Ferdinand Marcos)/Chapter V

by Ferdinand Marcos

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Chapter V—Sources of Income and Taxation

Sec. 21. Sources of Income.—The sources of income of the Autonomous Region shall consist of the following:

(1) Taxes, fees and charges;

(2) Appropriations and grants-in-aid from the National Government;

(3) Amounts realized from commercial, industrial and agricultural projects owned and/or controlled by the Autonomous Region in accordance with national plans and policies;

(4) Amounts realized from the operations of public utilities owned and operated by the Autonomous Region;

(5) Contributions from the local governments comprising the Autonomous Region as may provided by law;

(6) A percentage of the national income from mines and mineral resources from within the region as provided by law;

(7) Transfer of the proceeds of certain national and local taxes as may be prescribed by law; and

(8) Donations, endowments, and other forms of aid from individuals, organizations or governments in accordance with national policy.

Sec. 22. Taxing Power.—The Sangguniang Pampook may impose taxes, fees or charges through the enactment of regional tax measures in accordance with such guidelines as may be issued by the Minister of Finance.

Sec. 23. Annual Appropriations for the Autonomous Regions.—An amount equal to at least one-thirteenth (1/13) of one percent (1%) of the total national internal revenue tax collections not otherwise accruing to any special account or special fund in the general fund, to be computed on the basis of the collections of the third fiscal year preceding the current fiscal year, is hereby appropriated annually for each of the Autonomous Regions primarily to defray their respective current operating expenses. This shall be separated and distinct from the twenty percent (20%) national internal revenue tax allotments to local governments provided for under Presidential Decree No. 144.