Based on Article 343 (b) & (c) of the IRR of RA No. 7160, the other fifty percent
(50%) of the tax paid under protest for CYs 2013 to 2018 was distributed in accordance with
the provisions on the distribution of proceeds. The shares of the Municipality for CY 2013 to
CY 2018 were recorded as Prior Period Adjustment and Real Property Tax-Basic/Special
Education Tax, respectively.
Note 18 – Other Payables
2024 2023
Current: ₱ 1,451,074.07 ₱ 507,111.57
Non-Current: 4,070,039.89 4,906,974,89
Total ₱ 5,521,113.96 ₱ 5,414,086.46
Note 19 – Tax Revenue
Tax Revenue – Individual and Corporation
Community Tax ₱ 1,178,867.39 ₱ 1,171,714.19
Tax Revenue – Property
Real Property Tax – Basic 8,936,247.40 9,374,518.72
Discount on Real Property Tax – Basic (1,588,719.87) (1,638,265.00)
Special Education Tax 11,170,346.66 11,718,166.86
Discount on Special Education Tax (1,985,900.05) (2,047,293.88)
Tax Revenue – Goods and Services
Business Tax 87,696,125.62 66,807,250.24
Tax on Sand, Gravel and Other Quarry
Products 78,000.00 302.40
Amusement Tax 162,503.00 239,634.75
Tax Revenue – Fines and Penalties
Tax Revenue – Fines and Penalties –
Property Taxes 527,821.55 696,180.35
Tax Revenue – Fines and Penalties – Taxes
on Goods and Services 234,728.24 317,434.46
Total ₱ 106,410,019.94 ₱ 86,639,643.09
Note 20 – Share from National Taxes
Share from Internal Revenue Collections ₱ 175,352,191.00 ₱ 165,024,702.00
Note 21 – Other Share from National Taxes
Share from National Wealth ₱ 19,978,076.56 ₱ 17,368,775.98
25
