Meta PixelAnnual Audit Report 2024 — Municipality of Sibulan — Page 45

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Page 45
Note 18.     Tax Revenue

This account is composed of the following:

                                                            2024               2023
 Tax Revenue – Individual and Corporation
  Professional Tax                                 ₱           0.00 ₱           0.00
  Community Tax                                        1,608,545.33     1,467,702.82
 Tax Revenue – Property
  Real Property Tax – Basic                            7,222,291.08     7,209,128.94
  Discount on Real Property Tax – Basic              (1,627,469.31)   (1,727,737.19)
  Special Education Tax                                8,617,754.10     8,805,200.54
  Discount on Special Education Tax                  (1,627,047.42)   (1,797,302.03)
 Tax Revenue – Goods and Services
  Business Tax                                        40,572,264.86    34,349,792.24
  Tax on Sand, Gravel, & Other Quarry Products           377,366.70       170,220.00
  Amusement Tax                                          200,362.50       188,643.00
  Franchise Tax                                           48,422.00        45,270.00
 Tax Revenue – Fines and Penalties
  Tax Revenue – Fines & Penalties – Taxes on
                                                          32,713.68        41,553.19
  Individual and Corporation
  Tax Revenue – Fines & Penalties – Property Taxes     1,084,439.67     1,084,111.41
  Tax Revenue – Fines & Penalties – Taxes on
                                                         576,558.90       409,052.02
  Goods and Services
 Total Tax Revenue                                 ₱ 57,086,202.09 ₱ 50,245,634.94

Note 19.     Share from National Taxes

The account represents the share of the LGU from Internal Revenue Collections as shown
below:

  Share from Internal Revenue Collections (IRA)      ₱ 238,180,268.00 ₱ 224,122,774.00
 Total Share from National Taxes                     ₱ 238,180,268.00 ₱ 224,122,774.00

Note 20.     Service and Business Income

This account is composed of the following:

  Service Income
   Permit Fees                                       ₱   6,169,333.32 ₱     5,457,083.92
   Registration Fees                                       265,577.27         300,770.80
   Registration Plates, Tags and Stickers Fees              32,082.75          37,241.00
   Clearance and Certificate Fees                        1,289,997.00       1,425,983.00
   Supervision and Regulation Enforcement Fees             564,575.00         372,822.00
   Inspection Fees                                       1,442,758.00       1,213,865.50
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