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By Jun Ramirez 

Commissioner Caesar Dulay of the Bureau of Internal Revenue (BIR) said Wednesday (May 17) that he is not aware of any audit on the income tax return of President Duterte nor has any taxman been authorized to conduct such an investigation.

The BIR chief issued the statement following reports that the President recorded more than P3 million increase in his 2016 Statement of Assets, Liabilities and Net Worth (SALN), compared to the previous year’s total.

(MANILA BULLETIN)

(MANILA BULLETIN)

The President mentioned the increase in his SALN covered unspent political contributions when he ran for the presidency, telling the Filipino crowd in Hong Kong of his desire to return the extra cash but that he could no longer identify the giver.

He said the amount was reported in his 2016 income tax return, with the corresponding tax paid.

It was former BIR Commissioner Kim S. Jacinto-Henares who came out with Revenue Regulations No. 7-2011 subjecting to income tax coverage unutilized political donations, in cash or in kind.

The guideline stated that “any candidate winning or losing, who fails to file with the Commission on Elections appropriate state of expenditures under the Omnibus Election Code shall be precluded from claiming such expenditures as deduction from campaign contribution.”

Henares said undeclared campaign contribution shall be directly subject to income tax unless it is returned to the giver.

Under the Tax Code, income from all sources are taxable even if they are illegally acquired.

Tags: audit, BIR, Bureau of Internal Revenue, Caesar Dulay, Duterte, income tax return, ITR, Manila Bulletin, No audit of Duterte ITR: BIR

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