Governors seek immediate release of increased IRAs 0 SHARES Share it! With the consensus, Velasco said he sent a letter to the President, on behalf of the LPP, to appeal for the immediate implementation of the SC decision. 386, or the New Civil Code.”The government’s economic team had suggested to implement the SC decision in 2022 in view of its financial implications to the national coffers. He stressed that the LPP members are open to discuss with the President and the government’s economic team the options for the automatic release of the IRAs. These are the tariff and customs duties collected by the BOC, value-added taxes and all national taxes collected in the Autonomous Region in Muslim Mindanao, national taxes collected from mining, excise taxes collected from tobacco products, national taxes collected under Section 283 of National Internal Revenue Code and franchise taxes under Republic Act Nos.

Source: Manila Bulletin July 20, 2019 03:45 UTC