Team Pnoy vows to comply with BIR on poll donations

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MANILA, Philippines – Team PNoy on Monday said they are ready to comply with the memorandum issued by the Bureau of Internal Revenue (BIR),  requiring candidates, political parties and party-list groups to issue receipts for every contribution they receive.

“We will comply with it,” said Senator Franklin Drilon, campaign manager of Team Pnoy.

“We will also report all (campaign contributions) to Comelec (Commission on Elections) as required by law,” Drilon added.

The BIR issued Revenue Memorandum Circular 15-2013, which requires all political parties and party-list groups to issue receipts for every campaign donation  they receive.

“The registration shall be made with the Revenue District Office (RDO) having jurisdiction over the political subdivision where the candidate is seeking election,” the  circular said.

Campaign contributions in kind, meanwhile, should be valued against its cash equivalent or fair market value.

Campaign contributions and expenditures of all candidates are subject to a 5% withholding tax.

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  • Sandy Bulet

    Dapat lang kasi  na pagdating sa anumang klaseng  donasyon sa kahit anong kadahilanan kung bakit nagbibigay ng donasyon (ex. relief donation, charity donation, school donation,election campaign donation at kung ano ano pang “for a cause” donations) ay magkaroon ng tamang batas na ginagawang mandatory ang pagbibigay ng resibo, para hindi puro memorandum lang ang inilalabas. Madami din kasing yumayaman sa mga donasyon donasyon na yan eh, lalo na ung mga fake na good samaritan kuno.

  • JasonBieber

    So what does that mean exactly?

    Even if there was an infraction it’s not like the President and any Team PNoy members will be probed or investigated.

  • disqusted0fu

    It’s not like they have an option not to comply… On second thought, they might actually do. A team being named after Pnoy only means that this is a team that’s exempted from any kind of rules, regulations, or laws set in the country because they have the gift of absolution from who else but Pnoy.

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