THE House of Representatives Committee on Ways and Means on Tuesday approved with amendments the provisions in the proposed Basic Law for the Bangsamoro Autonomous Region specific to taxation and wealth-sharing.
The committee, chaired by Marikina City Rep. Romero Quimbo, acted on the proposed measure after it was referred by the House Ad Hoc Committee on the Bangsamoro Basic Law (BBL) last week.
During the discussion on the share of the Bangsamoro, panel member Senen Bacani clarified that the shares of the local government units in the Bangsamoro cannot be diminished.
“Of the 70% share under Republic Act No. 9054, 35% are enjoyed by
local government units therein while the other half is retained by the Armm (Autonomous Region in Muslim Mindanao). The percentage the LGUs are getting cannot be diminished as stipulated in the proposed BBL,” explained Bacani.
Under the proposed measure, the current 70% share of the regional government will be increased to 75%.
Bacani also explained the formula used for the annual block grant. “The amount is equal to 4% of the 60% of the BIR net collection three years detached from the fiscal year. When you compute that for 2016, that is roughly P27 billion — just a little over what the Armm received for 2015.” PNA
Disclaimer
Mindanao Gold Star Daily holds the copyrights of all articles and photos in perpetuity. Any unauthorized reproduction in any platform, electronic and hardcopy, shall be liable for copyright infringement under the Intellectual Property Rights Law of the Philippines.
