Comelec wants tax on excess poll donations
MANILA, Philippines - The Commission on Elections is coordinating with the Bureau of Internal Revenue in taxing excess campaign contributions.
In an interview on ANC’s Headstart, Comelec Chairman Sixto Brillantes said he received reports that during the previous elections, a candidate used excess contributions to buy properties in the United States.
Candidates are required to file their statement of electoral contributions and expenses (SECE) within 30 days after the polls, whether they win or lose.
Although there is a limit on how much a candidate could spend during the campaign, there is no ceiling on how much money a candidate could raise.
Brillantes warned candidates who do not file their SECE will be slapped with a fine while those who submit false statements can be charged with perjury.
He admitted though the Comelec does not have enough manpower to monitor campaign contributions and expenses on its own.
Mornings@ANC, November 09, 2012