MANILA (Mabuhay) — Commission on Elections Chairman Sixto Brillantes on Thursday said candidates who won in the recent midterm polls will not be allowed to assume office if they still fail to submit their statement of election contributions and expenditures today.
The deadline is at 5 in the afternoon today. Brillantes said there will be no extension.
All candidates in the May 13 elections must submit their campaign expense reports whether they won or lost.
Failure to submit the report on time also comes with an administrative penalty ranging from P1,000 to P30,000.
Brillantes said audit teams from the National Movement for Free Elections will help them in reviewing the candidates’ expense reports.
“If they don’t submit today, they will be administratively liable already. For those who won, they cannot assume office come noon of June 30 unless they submit their statement of contributions,” he said.
“The submission should be done in municipalities in front of election officers. We will be gathering starting tomorrow and then we will collate all of them.”
Also under the rules, any unused contribution can be treated as income of the candidates and should be taxed.
“The excess you either return to the contributor or that will be reported as your income and subjected to income tax. [Bureau of Internal Revenue] Commissioner Kim Henares is waiting for these people.” (MNS)