Friday, January 29, 2016

BIR to political candidates and donors: Be sure to pay your taxes

URDANETA CITY- The Bureau of Internal Revenue Chief has a friendly reminder to political candidates and their donors for the election campaign: Be sure to pay your taxes.
BIR Commissioner Kim Henares graced the inauguration'
of the new revenue district office in Urdaneta City.

Commissioner Kim Henares, who was in Pangasinan for the inauguration of a new BIR building in Urdaneta City, said donations given to politicians must be spent for the campaigns. Otherwise, unused donations must be returned to the donor or must be declared in the candidate’s income tax return form.

“Pag may nag-donate, gastusin sa kampanya, kapag hndi nagastos sa kampanya at may tira,  if they (candidates) don’t like to pay taxes, ibalik sa nag-donate. Pag hindi ibabalik, ire-report yan dapat  sa income tax return at magbayad (sila) ng buwis,” Henares said.

Candidates  who buy services, use pamphlets and tarpaulins and buy  media airtimes must also pay withholding taxes of five percent, she added.

As for the donors of the candidates, Henares reminded them to make sure that they pay their taxes correctly.

“Yung mga nag-donate naman,  siguraduhin niyo na nagbayad kayo ng buwis. Kasi kung magdo-donate kayo, saan ninyo kinuha yung pera?” the BIR chief reiterated. (VHS/PIA-1/Pangasinan)

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