Are local government units authorized to generate their own financial resources? Each local government unit is fundamentally empowered to create its own sources of revenues. They possess the constitutional authority to levy taxes, fees, and charges to fund their local projects and operations. This power is inherently subject to the guidelines and limitations that Congress may provide to ensure consistency with national policies. The authority for this vital local fiscal autonomy is granted by Article X, Section 5, 1987 Philippine Constitution. “SECTION 5. Each local government unit shall have the power to create its own sources of revenues and to levy taxes, fees, and charges subject to such guidelines and limitations as the Congress may provide, consistent with the basic policy of local autonomy.” 06-Mar-26 About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
