AIM World

Private Filipino Citizens Earning P500,000 Annually Required To File SALN By April 15?

By on Mar 9, 2011 in Asia, Current Events, World Comments
BIR Commissioner Kim Henares
BIR Commissioner Kim Henares
Image Credit: BIR.gov.ph

In a recent report from Inquirer.net, March 9, 2011, it was said that every private citizen of the Philippines earning at least P500,000 annually will have to file the equivalent of a statement of assets and liabilities and net worth (SALN) by April 15.

However, Bureau of Internal Revenue (BIR) Commissioner Kim Henares clarified that her agency is only seeking an optional filing of an “Annual Information Return” (AIR) this year from high-income taxpayers, ABS-CBN News reported.

“Hindi po tama na nagrerequire kami ng statement of assets and liabilities,” (It’s not correct that we are requiring the statements of assets and liabilities), Henares was quoted saying in an interview on dzMM‘s Tambalang Failon at Webb.

According to Henares, “”For this year, it will be voluntary. Next year, magiging mandatory ang form na ‘yan,” (For this year, it will be voluntary. Next year, that form will become mandatory).

The BIR order, Revenue Regulation No. 2-2011, which was signed by Finance Secretary Cesar V. Purisima can be downloaded on BIR official website (Download Link). A copy can also be downloaded on Mediafire.com.



Spread The News!



Tags: , , , , , , ,

Advertisement

Related News



What's On Your Mind?




Pinterest
Email