Apportionment of Shares of Provinces in the Allotment Provided Under Section 360 and Section 364

April 12, 1967 BIR RULING NO. 016-67 2nd Indorsement Referred to the Chief, Accounting Division, thru the Revenue Operations Head, Management and Planning, the papers bearing on Resolution No. 386, series of 1966, Provincial Board of Leyte, Resolution No. 138, series of 1966, Provincial Board of Bataan, and Resolution No. 70, series of 1966, of Provincial Board of Romblon. cdt It is represented in the resolution in question, that the additional allotment accruing to provinces based on the excess of income tax collection provided for by Section 360 of the Tax Code, is being apportioned in equal shares between their general and road and bridge funds. In this connection, he is advised as follows: The shares of the provinces in the proceeds of income, inheritance, and gift taxes provided for in Section 360 constitute a special disposition directly earmarked to them. Such shares, therefore, accrues to their general fund. The provincial allotment provided for in Section 364 is a regular allotment to provinces constituting 10% of the internal revenue accruing to the National Treasury, which consists of the total internal revenue collected that accrued to the National Treasury less the special dispositions provided for in Chapter I, Title XII of the Tax Code. It is this allotment that is apportioned equally between the provincial general and road and bridge funds as ordained by Section 8(c) of Commonwealth Act No. 586. Ruling No. 63-0067 is hereby revoked. He is advised to be guided accordingly. cdll (SGD). MISAEL P. VERA Commissioner of Internal Revenue Copy furnished: The Provincial Board of Leyte The Provincial Board of Bataan The Provincial Board of Romblon The Department of Finance