Allotment for the Commission on Audit.
Section 345
SEC. 345. Allotment for the Commission on Audit.— One-half of one per centum (1/2 of 1%) of the collections from national internal revenue taxes not otherwise accruing to special accounts in the general fund of the national government shall accrue to the Commission on Audit as a fee for auditing services rendered to local government units, excluding maintenance, equipment, and other operating expenses as provided for in Section 21 of Presidential Decree No. 898. The Secretary of Finance is hereby authorized to deduct from the monthly internal revenue tax collections an amount equivalent to the percentage as herein fixed, and to remit the same direct to the Commission on Audit under such regulations as may be promulgated by the Secretary of Finance and the Chairman of the Commission on Audit.