The document provides guidelines for public officials and employees to properly fill out their Statement of Assets, Liabilities and Net Worth (SALN) form. It outlines that the SALN form should disclose the assets, liabilities, net worth, and financial connections of the declarant, their spouse, and unmarried children under 18 years of age. It also requires disclosure of relatives within the fourth degree of consanguinity or affinity who are in government service. The guidelines provide details on classifying and declaring different types of real properties and personal properties owned.
Guidelines in the filling out of the statement of assets, liabilities and net...depedtambayanph
The document provides guidelines for public officials and employees in filling out the Statement of Assets, Liabilities and Net Worth (SALN) form. It outlines who must file an SALN, including all national and local government officials and employees, as well as those of government-owned corporations. It also describes the required contents of the SALN form, including basic information about the declarant and their spouse/dependents, real and personal assets and liabilities, computation of net worth, financial interests and connections, and disclosure of relatives in government service. Detailed rules are given for properly declaring each of these required categories in the SALN form.
The document discusses guidelines for properly filing the Statement of Assets, Liabilities and Net Worth (SALN) baseline declaration form for government employees in the Philippines. It provides an overview of the SALN, including that it consists of a baseline declaration form that must be filed upon assumption of office and annual declaration forms that must be filed every year. It outlines when these forms must be filed, where they should be submitted, and examples of the types of information required in each form such as sources of income, real properties, vehicles, and financial interests.
The document discusses Republic Act No. 6713 which deals with the code of conduct and ethical standards for public officials and employees in the Philippines. It covers all government officials, whether career or non-career, elective or appointive. The Civil Service Commission has primary responsibility for administering and enforcing the law. It requires public officials to file statements of assets, liabilities, and net worth annually. The document then summarizes the key provisions and requirements of the Statement of Assets, Liabilities, and Net Worth (SALN) form, including who must file, when they must file, and how to properly fill out the form. It discusses revisions made to the SALN form through the establishment of a technical working group
The document discusses the classification and taxation of individuals in the Philippines. It classifies individuals as citizens or aliens, and further classifies citizens and aliens as resident or non-resident. It provides details on what makes someone a citizen or resident. The document also discusses the taxation of different types of individuals based on their citizenship and residency status, and the sources of their income. Income is taxed at graduated rates depending on the type of income and the amount.
The document summarizes key aspects of the Wealth Tax Act of 1957 in India. It outlines that wealth tax is charged on the net wealth of individuals, HUFs, and companies above a certain threshold. It defines what constitutes an asset and exceptions. Some key assets include residential and commercial properties, motor vehicles, cash in hand, and jewelry. It also discusses deemed assets, asset valuation methods, tax rates, and filing of wealth tax returns.
This document provides information about taxation of non-residents in Spain, including:
1. Defining tax residence for individuals and bodies corporate.
2. Outlining what income is considered obtained in Spain and some exemptions, such as grants, pensions, lottery winnings, and interest/gains from EU residents.
3. Explaining taxation of income obtained through a permanent establishment in Spain or without a permanent establishment.
It also briefly discusses double taxation agreements, withholding parties, and a special procedure for determining tax withholdings when changing country of residence.
The document outlines different types of individual taxpayers in the Philippines based on citizenship and residency status, including resident citizens, non-resident citizens, resident aliens, and various categories of non-resident aliens. It discusses how tax treatment varies between these groups in terms of taxable income, applicable tax rates, allowable deductions, and other tax considerations. The classifications are important because an individual's tax obligations depend on whether they are considered a resident or non-resident and whether any tax treaties apply based on their citizenship.
The document discusses various aspects of wealth tax in India such as:
1. Individuals, HUFs, and companies are covered under wealth tax, while certain organizations like cooperative societies and political parties are exempt.
2. Wealth tax of 1% is levied on net wealth (assets minus debts) exceeding Rs. 30 lakhs as of the valuation date of March 31.
3. Assets covered include residential property within 25km of cities, vehicles, jewelry, urban land, and cash over Rs. 50,000. Certain exemptions apply for self-occupied houses and agricultural land.
4. Residential status determines taxability of global versus Indian assets, and returns must
Guidelines in the filling out of the statement of assets, liabilities and net...depedtambayanph
The document provides guidelines for public officials and employees in filling out the Statement of Assets, Liabilities and Net Worth (SALN) form. It outlines who must file an SALN, including all national and local government officials and employees, as well as those of government-owned corporations. It also describes the required contents of the SALN form, including basic information about the declarant and their spouse/dependents, real and personal assets and liabilities, computation of net worth, financial interests and connections, and disclosure of relatives in government service. Detailed rules are given for properly declaring each of these required categories in the SALN form.
The document discusses guidelines for properly filing the Statement of Assets, Liabilities and Net Worth (SALN) baseline declaration form for government employees in the Philippines. It provides an overview of the SALN, including that it consists of a baseline declaration form that must be filed upon assumption of office and annual declaration forms that must be filed every year. It outlines when these forms must be filed, where they should be submitted, and examples of the types of information required in each form such as sources of income, real properties, vehicles, and financial interests.
The document discusses Republic Act No. 6713 which deals with the code of conduct and ethical standards for public officials and employees in the Philippines. It covers all government officials, whether career or non-career, elective or appointive. The Civil Service Commission has primary responsibility for administering and enforcing the law. It requires public officials to file statements of assets, liabilities, and net worth annually. The document then summarizes the key provisions and requirements of the Statement of Assets, Liabilities, and Net Worth (SALN) form, including who must file, when they must file, and how to properly fill out the form. It discusses revisions made to the SALN form through the establishment of a technical working group
The document discusses the classification and taxation of individuals in the Philippines. It classifies individuals as citizens or aliens, and further classifies citizens and aliens as resident or non-resident. It provides details on what makes someone a citizen or resident. The document also discusses the taxation of different types of individuals based on their citizenship and residency status, and the sources of their income. Income is taxed at graduated rates depending on the type of income and the amount.
The document summarizes key aspects of the Wealth Tax Act of 1957 in India. It outlines that wealth tax is charged on the net wealth of individuals, HUFs, and companies above a certain threshold. It defines what constitutes an asset and exceptions. Some key assets include residential and commercial properties, motor vehicles, cash in hand, and jewelry. It also discusses deemed assets, asset valuation methods, tax rates, and filing of wealth tax returns.
This document provides information about taxation of non-residents in Spain, including:
1. Defining tax residence for individuals and bodies corporate.
2. Outlining what income is considered obtained in Spain and some exemptions, such as grants, pensions, lottery winnings, and interest/gains from EU residents.
3. Explaining taxation of income obtained through a permanent establishment in Spain or without a permanent establishment.
It also briefly discusses double taxation agreements, withholding parties, and a special procedure for determining tax withholdings when changing country of residence.
The document outlines different types of individual taxpayers in the Philippines based on citizenship and residency status, including resident citizens, non-resident citizens, resident aliens, and various categories of non-resident aliens. It discusses how tax treatment varies between these groups in terms of taxable income, applicable tax rates, allowable deductions, and other tax considerations. The classifications are important because an individual's tax obligations depend on whether they are considered a resident or non-resident and whether any tax treaties apply based on their citizenship.
The document discusses various aspects of wealth tax in India such as:
1. Individuals, HUFs, and companies are covered under wealth tax, while certain organizations like cooperative societies and political parties are exempt.
2. Wealth tax of 1% is levied on net wealth (assets minus debts) exceeding Rs. 30 lakhs as of the valuation date of March 31.
3. Assets covered include residential property within 25km of cities, vehicles, jewelry, urban land, and cash over Rs. 50,000. Certain exemptions apply for self-occupied houses and agricultural land.
4. Residential status determines taxability of global versus Indian assets, and returns must
This document outlines regulations for the sale of subdivision lots and condominiums in the Philippines and penalties for violations. It requires subdivision and condominium projects to be registered with the National Housing Authority, including filing documents like development plans, financial statements, and marketing materials. It also mandates publishing notices of registered projects. The decree aims to protect buyers from fraudulent practices and ensure developers provide adequate infrastructure and comply with building codes.
The document provides instructions for government employees in West Bengal to declare their assets on an annual basis. It explains that employees must submit a declaration of all movable and immovable properties owned by themselves, their spouse, dependents, or others. The declaration must provide details of properties like location, value, ownership, and manner of acquisition. Any incomplete, misleading, or false declarations can result in penalties like suspension and dismissal. All government employees, except those in inferior services, must submit an accurate declaration of their assets as they stood on the previous January 1st.
GUIDE TO Statement of Assets, Liabilities and Net Worth (SALN)JoseDiaz104974
This document provides guidelines for completing the Statement of Assets, Liabilities and Net Worth (SALN) form for public officials and employees in the Philippines. It specifies that the SALN must be filed within 30 days of assuming office, annually by April 30th, and within 30 days of leaving office. Officials must file either jointly with their spouse if both work for the government, separately, or as not applicable if they are unmarried or their spouse does not work for the government. The SALN requires disclosure of real estate, personal property, total assets, liabilities, and net worth of the official and their family. All information and values reported must be fully supplied or marked N/A, and any corrections
This document discusses key aspects of sales law in the Philippines, including:
- The definition of a contract of sale and its essential elements, which are consent, object, and cause.
- The different types of sales, such as absolute sales (where ownership transfers upon delivery), conditional sales (where ownership transfers upon fulfillment of a condition like full payment), and contracts to sell (where ownership only transfers upon execution of a deed of sale).
- How sales are distinguished from other transactions like contracts for work, dacion en pago (payment by giving a thing), and barter.
- The requirements for a valid contract of sale, including that the price must be certain, the object must be
This document is a legal guide for doing business in Colombia that was prepared in March 2019. It provides an introduction to Colombia's economy and legal system. The guide contains 12 chapters that cover various aspects of Colombian law relevant for foreign investors, such as foreign investment, trade, taxes, intellectual property, real estate, and more. It emphasizes that Colombia protects private property and foreigners have equal rights regarding real estate transactions. It also provides guidance on performing due diligence when acquiring real estate in Colombia.
The document summarizes key concepts in Philippine real estate law, including:
- Ownership rights include the right to possess, use, enjoy fruits, dispose of, and recover property. Limitations include those imposed by law, contract, taxation, and eminent domain.
- Land ownership extends to the subsurface and airspace. Hidden treasures found on one's land belong to the land owner, with exceptions if found on another's land.
- Ownership rights include rights of accession to property's produce and improvements. Generally, only Filipino citizens and corporations may acquire land, with some exceptions.
This document contains information about property transfer tax returns and related forms in Vermont. It provides instructions for completing a Vermont Property Transfer Tax Return (Form PT-1), including definitions of when a return is required and who is liable for the tax. It also provides summaries of the Real Estate Withholding Tax Return (Form RW-171) and the Land Gains Withholding Tax and Land Gains Tax Returns (Forms LG-1 and LG-2). Additionally, it includes information about the Act 250 Disclosure Statement (Form 250) that may need to be filed along with the Property Transfer Tax Return.
Income from other sources as per Section 56 includes any income which is chargeable under the Income Tax Act but does not fall under the other heads of income such as salary, house property, business or profession, and capital gains. This includes winnings from lotteries, puzzles, races, and card games, as well as interest earned on securities. Such income is taxed at specific rates depending on whether the recipient is an individual, domestic company, or non-domestic company.
The document discusses income from house property under the Indian Income Tax Act. It defines key terms like house property, annual value, basis of charge, and ownership.
Some key points covered are:
- House property means any building owned by the assessee, including residential or commercial properties.
- The basis of charge is the annual value of the property, defined as the expected rental income.
- For a property to be counted as house property, it must consist of a building and land, and the assessee must own it and not use it for their own business.
- Deemed ownership provisions attribute ownership to certain relatives or in cases of transfer without adequate consideration.
- The annual value
The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at (a) ensuring consumer protection and (b) standardisation in business practices and transactions in the real estate sector.
The Real Estate (Regulation and Development) Bill, 2013 seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level to regulate the real estate sector and protect consumer interests. The bill aims to define promoters and real estate agents, require their mandatory registration, and establish rules for escrow accounts, cross-border advertising standards, dispute resolution mechanisms, and penalties for non-compliance. It covers both commercial and residential real estate projects across India except Jammu and Kashmir.
The document provides an overview of key considerations for real estate investments in Colombia. It discusses the following:
1. The Colombian government protects private property rights, and foreigners have equal rights as Colombian nationals for real estate transactions. However, funds from non-tax residents must be channeled through an exchange market agent.
2. Investors should conduct due diligence on properties, including reviewing title certificates, deeds, taxes paid, permits, and land use restrictions. Additional checks may be needed for rural properties.
3. Common agreements include purchase contracts formalized by public deed and lease agreements, which can be verbal but are better in writing. The document outlines obligations for landlords and tenants.
Snowbirding 101 Ep 03: 1031 exchange informationBill Butler
The document provides guidance on using a vacation home or residential property in a 1031 exchange. It summarizes Revenue Procedure 2008-16, which created a safe harbor for treating such properties as investment properties for 1031 exchange purposes if certain ownership and use requirements are met. Specifically, the relinquished property must be owned for 24 months prior to the exchange and the replacement property must be owned for 24 months after the exchange. Additionally, the property must be rented at fair market rates for at least 14 days within each of the two 12-month periods constituting the 24-month qualifying use period. Personal use of the property cannot exceed 14 days or 10% of the rental period within each 12-month period. The Procedure provides a safe
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
1. The document discusses various types of property values including market value, assessed value, book value, salvage value, and others.
2. It also covers ownership types like freehold and leasehold tenure, and lease terms including lessor, lessee, ground rent, and building lease.
3. Various factors that influence property value are examined such as utility, scarcity, transferability, cost of production, supply and demand forces.
- Estate tax is a tax imposed on the privilege of transmitting property upon the death of the owner. It is levied on the net value of the estate of a deceased person before distribution to heirs.
- The document outlines what is included in the gross estate (e.g. decedent's interest in property, life insurance proceeds, transfers made within 3 years of death), and allowable deductions (e.g. standard deduction of 5M pesos for citizens/residents, claims against the estate, property taxes).
- It also defines key terms like net estate, decedent, and specifies tax rates and who is considered a resident decedent or non-resident alien for tax purposes
Legal guide to do business in Colombia 10ProColombia
This document provides a summary of key considerations for foreign investors regarding real estate investments in Colombia. It outlines that:
1. The Colombian government protects private property rights. Both Colombian nationals and foreigners have equal rights and obligations for purchasing real estate.
2. Funds from foreign investors who are non-tax residents must be channeled through an authorized foreign exchange agent and registered as foreign investment. Apart from this, transactions do not involve additional tax or legal burdens for foreign investors.
3. Real estate development must comply with applicable municipal zoning and urban regulations regarding permitted land uses.
The document then provides details on real estate due diligence considerations, the acquisition process for rural properties, and
Chicago Municipal Code Chapter 5-14 | Aaron Krolik Law OfficeAaronKrolikLawOffice
This document summarizes a municipal code from Chicago that aims to protect tenants living in residential properties affected by foreclosure. It establishes requirements for owners of foreclosed rental properties regarding notifying tenants of their rights, paying relocation assistance, registering the property with the city, and preventing tenants from waiving their rights. Tenants can take legal action to enforce these provisions and are entitled to damages and legal fees if successful. The purpose is to prevent displacement of tenants and neighborhood destabilization due to foreclosures.
In this time of modernisation, where the life of city, with accessibility of easy facilities and opportunities, appears to attract the youth of the society. The reason behind attractions is to achieve their dreams and to be independent. Numerous individuals go out and move to another city just to win an occupation, since they are out of their home town they have to stay in Hostels, PG's or leased house.
This document outlines regulations for the sale of subdivision lots and condominiums in the Philippines and penalties for violations. It requires subdivision and condominium projects to be registered with the National Housing Authority, including filing documents like development plans, financial statements, and marketing materials. It also mandates publishing notices of registered projects. The decree aims to protect buyers from fraudulent practices and ensure developers provide adequate infrastructure and comply with building codes.
The document provides instructions for government employees in West Bengal to declare their assets on an annual basis. It explains that employees must submit a declaration of all movable and immovable properties owned by themselves, their spouse, dependents, or others. The declaration must provide details of properties like location, value, ownership, and manner of acquisition. Any incomplete, misleading, or false declarations can result in penalties like suspension and dismissal. All government employees, except those in inferior services, must submit an accurate declaration of their assets as they stood on the previous January 1st.
GUIDE TO Statement of Assets, Liabilities and Net Worth (SALN)JoseDiaz104974
This document provides guidelines for completing the Statement of Assets, Liabilities and Net Worth (SALN) form for public officials and employees in the Philippines. It specifies that the SALN must be filed within 30 days of assuming office, annually by April 30th, and within 30 days of leaving office. Officials must file either jointly with their spouse if both work for the government, separately, or as not applicable if they are unmarried or their spouse does not work for the government. The SALN requires disclosure of real estate, personal property, total assets, liabilities, and net worth of the official and their family. All information and values reported must be fully supplied or marked N/A, and any corrections
This document discusses key aspects of sales law in the Philippines, including:
- The definition of a contract of sale and its essential elements, which are consent, object, and cause.
- The different types of sales, such as absolute sales (where ownership transfers upon delivery), conditional sales (where ownership transfers upon fulfillment of a condition like full payment), and contracts to sell (where ownership only transfers upon execution of a deed of sale).
- How sales are distinguished from other transactions like contracts for work, dacion en pago (payment by giving a thing), and barter.
- The requirements for a valid contract of sale, including that the price must be certain, the object must be
This document is a legal guide for doing business in Colombia that was prepared in March 2019. It provides an introduction to Colombia's economy and legal system. The guide contains 12 chapters that cover various aspects of Colombian law relevant for foreign investors, such as foreign investment, trade, taxes, intellectual property, real estate, and more. It emphasizes that Colombia protects private property and foreigners have equal rights regarding real estate transactions. It also provides guidance on performing due diligence when acquiring real estate in Colombia.
The document summarizes key concepts in Philippine real estate law, including:
- Ownership rights include the right to possess, use, enjoy fruits, dispose of, and recover property. Limitations include those imposed by law, contract, taxation, and eminent domain.
- Land ownership extends to the subsurface and airspace. Hidden treasures found on one's land belong to the land owner, with exceptions if found on another's land.
- Ownership rights include rights of accession to property's produce and improvements. Generally, only Filipino citizens and corporations may acquire land, with some exceptions.
This document contains information about property transfer tax returns and related forms in Vermont. It provides instructions for completing a Vermont Property Transfer Tax Return (Form PT-1), including definitions of when a return is required and who is liable for the tax. It also provides summaries of the Real Estate Withholding Tax Return (Form RW-171) and the Land Gains Withholding Tax and Land Gains Tax Returns (Forms LG-1 and LG-2). Additionally, it includes information about the Act 250 Disclosure Statement (Form 250) that may need to be filed along with the Property Transfer Tax Return.
Income from other sources as per Section 56 includes any income which is chargeable under the Income Tax Act but does not fall under the other heads of income such as salary, house property, business or profession, and capital gains. This includes winnings from lotteries, puzzles, races, and card games, as well as interest earned on securities. Such income is taxed at specific rates depending on whether the recipient is an individual, domestic company, or non-domestic company.
The document discusses income from house property under the Indian Income Tax Act. It defines key terms like house property, annual value, basis of charge, and ownership.
Some key points covered are:
- House property means any building owned by the assessee, including residential or commercial properties.
- The basis of charge is the annual value of the property, defined as the expected rental income.
- For a property to be counted as house property, it must consist of a building and land, and the assessee must own it and not use it for their own business.
- Deemed ownership provisions attribute ownership to certain relatives or in cases of transfer without adequate consideration.
- The annual value
The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at (a) ensuring consumer protection and (b) standardisation in business practices and transactions in the real estate sector.
The Real Estate (Regulation and Development) Bill, 2013 seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level to regulate the real estate sector and protect consumer interests. The bill aims to define promoters and real estate agents, require their mandatory registration, and establish rules for escrow accounts, cross-border advertising standards, dispute resolution mechanisms, and penalties for non-compliance. It covers both commercial and residential real estate projects across India except Jammu and Kashmir.
The document provides an overview of key considerations for real estate investments in Colombia. It discusses the following:
1. The Colombian government protects private property rights, and foreigners have equal rights as Colombian nationals for real estate transactions. However, funds from non-tax residents must be channeled through an exchange market agent.
2. Investors should conduct due diligence on properties, including reviewing title certificates, deeds, taxes paid, permits, and land use restrictions. Additional checks may be needed for rural properties.
3. Common agreements include purchase contracts formalized by public deed and lease agreements, which can be verbal but are better in writing. The document outlines obligations for landlords and tenants.
Snowbirding 101 Ep 03: 1031 exchange informationBill Butler
The document provides guidance on using a vacation home or residential property in a 1031 exchange. It summarizes Revenue Procedure 2008-16, which created a safe harbor for treating such properties as investment properties for 1031 exchange purposes if certain ownership and use requirements are met. Specifically, the relinquished property must be owned for 24 months prior to the exchange and the replacement property must be owned for 24 months after the exchange. Additionally, the property must be rented at fair market rates for at least 14 days within each of the two 12-month periods constituting the 24-month qualifying use period. Personal use of the property cannot exceed 14 days or 10% of the rental period within each 12-month period. The Procedure provides a safe
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
1. The document discusses various types of property values including market value, assessed value, book value, salvage value, and others.
2. It also covers ownership types like freehold and leasehold tenure, and lease terms including lessor, lessee, ground rent, and building lease.
3. Various factors that influence property value are examined such as utility, scarcity, transferability, cost of production, supply and demand forces.
- Estate tax is a tax imposed on the privilege of transmitting property upon the death of the owner. It is levied on the net value of the estate of a deceased person before distribution to heirs.
- The document outlines what is included in the gross estate (e.g. decedent's interest in property, life insurance proceeds, transfers made within 3 years of death), and allowable deductions (e.g. standard deduction of 5M pesos for citizens/residents, claims against the estate, property taxes).
- It also defines key terms like net estate, decedent, and specifies tax rates and who is considered a resident decedent or non-resident alien for tax purposes
Legal guide to do business in Colombia 10ProColombia
This document provides a summary of key considerations for foreign investors regarding real estate investments in Colombia. It outlines that:
1. The Colombian government protects private property rights. Both Colombian nationals and foreigners have equal rights and obligations for purchasing real estate.
2. Funds from foreign investors who are non-tax residents must be channeled through an authorized foreign exchange agent and registered as foreign investment. Apart from this, transactions do not involve additional tax or legal burdens for foreign investors.
3. Real estate development must comply with applicable municipal zoning and urban regulations regarding permitted land uses.
The document then provides details on real estate due diligence considerations, the acquisition process for rural properties, and
Chicago Municipal Code Chapter 5-14 | Aaron Krolik Law OfficeAaronKrolikLawOffice
This document summarizes a municipal code from Chicago that aims to protect tenants living in residential properties affected by foreclosure. It establishes requirements for owners of foreclosed rental properties regarding notifying tenants of their rights, paying relocation assistance, registering the property with the city, and preventing tenants from waiving their rights. Tenants can take legal action to enforce these provisions and are entitled to damages and legal fees if successful. The purpose is to prevent displacement of tenants and neighborhood destabilization due to foreclosures.
In this time of modernisation, where the life of city, with accessibility of easy facilities and opportunities, appears to attract the youth of the society. The reason behind attractions is to achieve their dreams and to be independent. Numerous individuals go out and move to another city just to win an occupation, since they are out of their home town they have to stay in Hostels, PG's or leased house.
This document summarizes corruption and dirty political tactics occurring in the Philippines leading up to their May 13th elections. It discusses how political candidates are engaging in "scorpions-in-the-bottle" fights by releasing private information about each other, and smearing each other with "black propaganda." It also discusses corruption investigations into politicians, like allegations that Senator Loren Legarda didn't properly disclose a condo purchase in financial statements. The document argues that corruption has become normalized in Philippine society, and poses dangers if left unchecked.
This document summarizes corruption issues in the Philippines surrounding upcoming elections on May 13th. It discusses "dirty tricks" being used in political campaigns including the release of private records and smear campaigns against opponents. Specific cases highlighted include a senator being accused of failing to disclose property in the US and a congressman releasing his medical records to preempt opponents. The document also discusses how corruption has become normalized in parts of Philippine society and politics.
The Presidential Commission on Good Government continues to search for former Philippine dictator Ferdinand Marcos' vast ill-gotten wealth over 27 years after he was ousted. Investigators have recovered less than half of the estimated $10 billion amassed through corruption by Marcos and his wife Imelda. However, members of the Marcos family have succeeded in returning to positions of power in Philippine politics, challenging efforts to fully recover and redistribute the stolen assets. The case of the Panamanian company Arelma, which held secret Swiss bank accounts, exemplifies the complex legal battles still ongoing internationally to finally secure the remaining missing public funds.
Bananas are one of the most popular fruits in the world due to their convenient size, packaging, and low cost. They provide many health benefits such as potassium to regulate blood pressure, vitamin C for immune support, and antioxidants that combat free radicals. Studies show bananas may reduce the risk of diseases like cancer, diabetes, and stroke. While bananas are highly nutritious, they should be consumed in moderation due to their natural sugar content.
Las Vegas churches accept gambling chips as donations from worshippers since there are more Catholic churches than casinos in Las Vegas. The churches collect chips from many casinos and send them to a nearby Franciscan monastery where monks sort the chips and cash them in at the originating casinos.
The Göltzschtalbrücke in Germany is the world's largest brick viaduct. Built between 1846 and 1851, it required over 26 million bricks and stands 78 meters tall, 574 meters long, and 23 meters wide at its base. It has 29 spans and was the first bridge to be calculated based on static data rather than previous architectural designs. Though an unusual building material, brick was chosen because of abundant local clay sources. Over 1,700 workers helped construct the bridge, with 31 deaths occurring during construction. It became the highest railway bridge in the world upon completion and remains the largest brick bridge ever built.
Imee Marcos, the daughter of former Philippine dictator Ferdinand Marcos, is the beneficiary of an offshore trust called the Sintra Trust based in the British Virgin Islands. Documents show Imee was also a financial advisor for Sintra Trust and two other offshore entities, but did not disclose them in required asset statements as a politician. Investigators are looking into whether the offshore funds could contain ill-gotten wealth accumulated by Ferdinand Marcos through corruption during his rule. Imee did not respond to requests for comment about the offshore entities.
GreenPatch is an environmentally friendly cold asphalt patch that contains no petroleum-based softeners like conventional patches. It is a direct replacement for traditional cold patch without compromising quality or increasing costs. GreenPatch does not contain volatile organic compounds and uses recycled materials, reducing its environmental impact. It was developed by Cold Mix Manufacturing to provide a competitive and eco-friendly alternative to traditional cold patch for repairing roads and driveways.
This document presents an eye-opening way to visualize sugar consumption by noting that 4.2 grams of sugar is equivalent to 1 teaspoon or 1 sugar cube. Seeing sugar broken down into individual cubes helps drive home how much sugar people consume on a daily basis. The document suggests doing the same with salt to further illustrate consumption levels.
This document poses a variety of random questions on diverse topics ranging from legal definitions and human physiology to music, cooking, cartoons, and animal behavior.
1. Several tricks are presented for relieving minor ailments and discomforts involving the ears, throat, sinuses, stomach, teeth, balance, nose bleeds, heart rate, breathing, brain freeze, numb limbs, and hiccups. These tricks involve stimulating specific nerves or reflexes through actions like scratching the ear, coughing during injections, pressing on certain areas of the face or body, changing body position while sleeping, and more. The document provides brief explanations for how each trick works and what physiological response it elicits to provide relief.
Bayer is developing a new crystal form of aspirin that dissolves under the tongue for faster relief of heart attack symptoms. If experiencing chest pain or other symptoms of a heart attack, one should immediately dissolve two aspirin tablets under the tongue, call for help, and wait seated near the door for assistance rather than lying down. Sharing information about this new fast-acting aspirin formulation could help save lives.
This document reflects on aging and the passage of time. It describes how the author now finds themselves in the "winter of their life," having reached old age sooner than expected. Many of their friends are now retired and showing signs of aging. Daily tasks that were once easy, like showering or staying awake, now require effort. The author encourages readers to make the most of their lives and accomplish their goals sooner rather than later, as winter comes faster than one may think.
This document discusses how drinking a tea made from green papaya cubes and green tea can help treat uric acid and gout issues. A friend with deforming toe joints from gout found significant improvement after a week and a normal toe joint state after two weeks of drinking the tea. Maintaining intake 1-3 times monthly helped prevent relapse, and others with long-term gout also recovered. An expert recommends boiling cut green papaya cubes in water first before adding tea leaves to make the treatment more effective.
1. GUIDELINES IN THE FILLING OUT OF THE STATEMENT OF ASSETS,
LIABILITIES AND NET WORTH (SALN) FORM
I. OBJECTIVES
• To enjoin all public officers and employees to declare and submit
annually a true, detailed and sworn statement of their assets, liabilities
and net worth, including disclosure of business interests and financial
connections, and to declare to the best of their knowledge their relatives
who are in government service;
• To ensure that the assets, liabilities, net worth, financial connections and
business interests of the declarant’s spouse and unmarried children below
eighteen (18) years of age living in declarant’s household are also
disclosed.
II. SCOPE
All officials and employees of national and local governments, including state
universities and colleges, and government-owned and controlled corporations (GOCC)
and their subsidiaries, with or without original charter, shall be covered by these
guidelines.
GOCC refers to any agency organized as a stock or nonstock corporation, vested
with functions relating to public needs whether governmental or proprietary in nature,
and owned by the Government of the Republic of the Philippines directly or through its
instrumentalities either wholly or, where applicable as in the case of stock corporations,
to the extent of at least a majority of its outstanding capital stock.
Those serving in honorary capacity, laborers and casual or temporary workers are
exempted from filing the SALN. However, those holding career positions under
temporary status are required to file their SALN.
III. RULES IN ACCOMPLISHING THE STATEMENT OF ASSETS,
LIABILITIES AND NET WORTH (SALN) FORM
A. APPLICABLE LAW
For purposes of declaring one’s assets, liabilities and net worth, the
governing law shall be Republic Act No. 6713 or the Code of Conduct and
Ethical Standards for Public Officials and Employees.
2. Guidelines on the SALN Form, p.2
x-----------------------------------------------x
B. CONTENTS OF THE STATEMENT OF ASSETS, LIABILITIES AND
NET WORTH (SALN) FORM
1. BASIC INFORMATION
a. Spouses who are both public officers and employees shall have the
option to file their SALN either jointly or separately.
b. In case the declarant is single or married but whose spouse is not in
the government service, he/shall shall tick off the box marked as “Not
Applicable.”
c. In case of joint filing, all real and personal properties shall be declared
including their respective paraphernal and capital property, if there
are any.
d. The change of civil status of the declarant after December 31 of the
preceding year shall not affect the nature of the properties declared.
e. The declarant shall provide information on his/her address. However,
whenever a third party requests for a copy of the SALN Form of the
declarant, the agency has the option to shade the declarant’s address
for purposes of security.
f. Declarant must provide the information required for all his/her
unmarried children below eighteen (18) years of age and living in
his/her household, whether legitimate or illegitimate.
2. ASSETS, LIABILITIES AND NET WORTH
a. The SALN shall contain a true and complete declaration of assets,
liabilities and net worth, including a disclosure of business interests
and financial connections of the declarant, his/her spouse and
unmarried children below eighteen (18) years of age living in his/her
household. It shall also contain a disclosure of the declarant’s
relatives within the fourth degree of consanguinity and affinity who
are in government service.
b. For purposes of convenience in the computation of net worth, where
the declarant’s spouse has capital or paraphernal properties or where
the declarant’s unmarried children below eighteen (18) years of age
living in his/her household have their own properties, the declarant
should declare the assets and liabilities of his/her spouse on a separate
3. Guidelines on the SALN Form, p.3
x-----------------------------------------------x
sheet attached to the SALN Form, see sample attached. For purposes
of such declaration, the provisions in these guidelines shall likewise
apply.
c. Assets include those within or outside the Philippines, whether real or
personal, whether used in trade or business.
d. Assets refer to declarant’s real and personal properties, including
those of his/her spouse and unmarried children below eighteen (18)
years of age living in his/her household.
REAL PROPERTIES
e. Declaration of real properties shall include its description, kind,
location, year and mode of acquisition, assessed value, fair market
value, acquisition cost of land, building, etc. including improvements
thereon.
f. Real properties refer to properties which are immovable by nature.
For purposes of SALN, the kind of real properties are classified
according to their use, that is, residential, commercial, agricultural,
industrial, or mixed use and the like.
g. The declarant shall indicate a description of the real properties,
whether it is a land only or land with building, a house and lot,
condominium unit, or an improvement such as an extension or garage,
and the like.
h. Assessed value shall, for purposes of declaration in the SALN, refer
to the amount indicated in the tax declaration of the real properties
involved.
i. Fair market value shall, for purposes of declaration in the SALN, refer
to the amount indicated as market value in the tax declaration of the
real properties concerned.
j. Improvements refer to all works that are constructed or introduced to
the land, or repairs or improvements made to the land or building after
its initial acquisition.
k. In declaring an improvement to the land, the declarant may opt to
declare it separately or together with the land to which such
improvement is attached.
4. Guidelines on the SALN Form, p.4
x-----------------------------------------------x
l. Acquisition cost is the amount of money paid to acquire or own
something. This shall also refer to the amount of expenses incurred
for improvements introduced on a real property. For purposes of
computing the declarant’s net worth, the acquisition cost shall be
made the basis thereof.
m. The declarant shall indicate those real properties which are already
titled or registered under his/her name, the name of his/her spouse or
under the name of his/her unmarried children below 18 years of age
and living in the declarant’s household. However, real properties
already covered by a deed of sale, inherited or subject of an extra-
judicial settlement of estate but not yet titled under declarant’s name
shall also be disclosed.
n. In the case of properties received gratuitously, e.g. donation or
inheritance, no acquisition cost shall be declared. However, the fair
market value and the assessed value of said properties as found in the
tax declaration thereof must be declared.
PERSONAL PROPERTIES
o. Declaration of personal properties shall include mode, year and cost
of acquisition, or the value or amount of said personal properties.
p. Personal properties refer to jewelry, appliances, furniture, motor
vehicles and other tangible/movable properties. This shall also include
investments or other assets, such as cash on hand or in bank,
negotiable instruments, securities, stocks, bonds, and the like.
q. Personal properties collectively acquired or are of minimal value may
be declared generally or collectively. In which case, the declarant may
write/indicate “various years” under the column for Year Acquired.
r. Personal properties, such as cash on hand and in bank, as well as
stocks and the like, denominated in foreign currency shall be
converted into the corresponding Philippine currency equivalent, at
the rate of exchange prevailing as of December 31 of the preceding
calendar year.
s. The amount of money/cash in bank to be declared should be the last
balance as of December 31 of the preceding year.
5. Guidelines on the SALN Form, p.5
x-----------------------------------------------x
t. In case of properties which are co-owned with other individuals, the
declarant shall disclose the proportionate amount of his share in the
property.
u. With regard to properties subject of a contract to sell, the amount
already paid shall be declared as personal property.
v. Properties which are subject of either a chattel or real estate mortgage
shall be declared in the SALN Form. The acquisition cost to be
declared shall be the actual purchase price, and the liability to be
declared shall be the outstanding balance of the loan as of December
31 of the preceding year.
LIABILITIES
w. Under liabilities, the nature of liability, name of creditors and the
outstanding balance shall be indicated. The outstanding balance shall
refer to the amount of money that is still due as of December 31 of the
preceding calendar year.
x. Liability refers to financial liability or anything that can result to a
transfer or disposal of an asset. It includes not only those incurred by
the declarant but also those of his/her spouse and unmarried children
below eighteen (18) years of age living in his/her household.
y. Nature of liability refers to the type of loan obtained from banks,
financial institutions, GSIS, PAG-IBIG and others, such as personal,
multi-purpose, salary, calamity loan and the like.
z. Outstanding balance refers to the amount of money that one still owes
on the loan as of December 31 of the preceding calendar year.
3. COMPUTATION OF NET WORTH
a. Net worth is the sum of all assets (real and personal) less total
liabilities.
b. In the case of real properties, the acquisition cost shall be used in the
computation of the net worth.
c. In the case of personal properties, the acquisition cost or
amount/value of money shall be used in the computation of the total
net worth.
6. Guidelines on the SALN Form, p.6
x-----------------------------------------------x
d. Excluded from the computation of real and personal properties are the
properties of unmarried children below 18 years of age living in the
declarant’s household.
e. If the spouse of the declarant is not a public officer or employee, the
latter’s paraphernal or capital properties shall not be included in the
computation of the declarant’s net worth.
f. Paraphernal property refers to the properties exclusively owned by the
wife.
g. Capital property refers to the properties exclusively owned by the
husband.
h. Community property refers to all the properties owned by the spouses
at the time of the celebration of the marriage or acquired thereafter,
subject to the exceptions provided for by law (Articles 91, Family
Code of the Philippines). In the absence of any marriage settlement,
the property relations of the spouses shall be governed by the rules on
absolute community of property under the Family Code of the
Philippines.
The following are excluded from the community property:
(1) Property acquired during the marriage by gratuitous title by
either spouse, and the fruits as well as the income thereof, if
any, unless it is expressly provided by the donor, testator or
grantor that they shall form part of the community property;
(2) Property for personal and exclusive use of either spouse.
However, jewelry shall form part of the community property;
(3) Property acquired before the marriage by either spouse who
has legitimate descendants by a former marriage, and the fruits
as well as the income, if any, of such property. (Article 92,
Family Code of the Philippines)
i. Conjugal property refers to all properties acquired during the
marriage, whether the acquisition appears to have been made,
contracted or registered in the name of one or both spouses, unless
proven to be excluded (Article 116, Family Code of the Philippines).
This applies when the spouses agreed to be governed by the rules on
7. Guidelines on the SALN Form, p.7
x-----------------------------------------------x
the conjugal partnership of gains under the Family Code of the
Philippines.
The following are conjugal partnership properties:
(1) Those acquired by onerous title during the marriage at the
expense of the common fund, whether the acquisition be for
the partnership, or for only one of the spouses;
(2) Those obtained from the labor, industry, work or profession of
either or both of the spouses;
(3) The fruits, natural, industrial, or civil, due or received during
the marriage from the common property, as well as the net
fruits from the exclusive property of each spouse;
(4) The share of either spouse in the hidden treasure which the law
awards to the finder or owner of the property where the
treasure is found;
(5) Those acquired through occupation such as fishing or hunting;
(6) Livestock existing upon the dissolution of the partnership in
excess of the number of each kind brought to the marriage by
either spouse; and
(7) Those which are acquired by chance, such as winnings from
gambling or betting. However, losses therefrom shall be borne
exclusively by the loser-spouse. (Article 117, Family Code of
the Philippines)
Prior to the enactment of the Family Code of the
Philippines in 1987, when there is no marriage settlement between
the spouses, their property relations are covered by the rules on
conjugal partnership of gains.
j. If the spouse of the declarant is a public officer or employee, but who
chose to separately file his/her SALN, his/her paraphernal or capital
properties shall not be included in the computation of the declarant’s
net worth.
k. In case of joint filing, the total assets of the spouses shall include their
respective paraphernal or capital properties.
8. Guidelines on the SALN Form, p.8
x-----------------------------------------------x
l. In case of joint filing, the declarant’s total net worth and that of
his/her spouse shall be the difference between the total assets (real
and personal properties) less the total liabilities.
4. FINANCIAL CONNECTIONS AND BUSINESS INTERESTS
a. The declarant, including that of his/her spouse and unmarried children
below eighteen (18) years of age living in declarant’s household, shall
declare their existing interest or connection in any business enterprise
or entity, aside from income from government. They shall also
indicate the business address, nature of business interest and/or
financial connection, and date of acquisition of interest or connection.
b. In case there are no existing business interests and financial
connections in any business enterprise or entity, the declarant shall
tick off the appropriate box in the form.
c. Business interests refer to declarant’s existing interest in any business
enterprise or entity, aside from his/her income from government,
which shall also include those of his/her spouse and unmarried
children below eighteen (18) years of age living in his/her household.
d. Financial connections refer to declarant’s existing connections with
any business enterprise or entity, whether as a consultant, adviser and
the like, with an expectation of remuneration for services rendered,
including those of his/her spouse and unmarried children below
eighteen (18) years of age living in his/her household.
e. Nature of business interest and/or financial connection refers to
existing interest or connection in any business enterprise, whether as
proprietor, investor, promoter, partner, shareholder, officer, managing
director, executive, creditor, lawyer, legal consultant or adviser,
financial or business consultant, and the like.
5. RELATIVES IN THE GOVERNMENT
a. The declarant shall disclose his/her relatives in the government within
the 4th civil degree of relationship, either by consanguinity or affinity.
The disclosure shall also state his/her relationship with the relative,
the position of the relative as well as the name of office/agency and
address.
9. Guidelines on the SALN Form, p.9
x-----------------------------------------------x
b. In case the declarant and his/her spouse jointly file their SALN, they
shall indicate all their relatives within the fourth civil degree, either
by consanguinity or affinity, and shall include the above-mentioned
information.
c. In case the declarant has no relatives in the government within the 4th
civil degree of relationship, either by consanguinity or affinity,
including bilas, inso and balae, the declarant shall tick off the
appropriate box in the form.
d. Affinity refers to the relationship of a husband to the blood relatives
of his wife, or a wife to the blood relatives of her husband.
e. Consanguinity refers to the relationship by blood from the same stock
or common ancestor.
f. Relatives in the government refer to the declarant’s relatives up to the
4th civil degree of relationship, either by consanguinity or affinity,
including bilas, inso and balae.1
Relatives in the first degree of consanguinity include the
declarant’s father, mother, son and daughter. Relatives in the first
degree of affinity include the declarant’s father-in-law and mother-
in-law.
Relatives in the second degree of consanguinity include
the declarant’s brother, sister, grandmother, grandfather, grandson
and granddaughter. Relatives in the second degree of affinity include
the declarant’s brother-in-law, sister-in-law, grandmother-in-law,
grandfather-in-law, granddaughter-in-law and grandson-in-law.
Relatives in the third degree of consanguinity include the
declarant’s nephew, niece, uncle and aunt. Relatives in the third
degree of affinity include declarant’s nephew-in-law, niece-in-law,
uncle-in-law, auntie-in-law.
Relatives in the fourth degree of consanguinity include the
declarant’s first cousin.
g. Balae refers to a parent of the declarant’s son-in-law or daughter-in-
law.
1
Definition under RA No. 6713
10. Guidelines on the SALN Form, p.10
x-----------------------------------------------x
h. Bilas refers to a declarant’s brother-in-law's wife or sister-in-law's
husband.
i. Inso refers to the appellation for the wife of an elder brother or male
cousin.2
6. OTHER MATTERS
a. In order to prevent unauthorized insertions or pulling out of pages,
pagination shall read as page 1 of number of pages, page 2 of number
of pages, and so on.
b. In case of joint filing, the declarant and his/her spouse shall sign in
the spaces provided for just below the certification.
c. If the spouse is not a public officer or employee, the declarant shall
still cause him/her to sign the SALN.
d. In case of non-compliance with the signature of the spouse, an
explanation should be attached to the SALN Form for such non-
compliance.
e. The heads of agencies can delegate the authority to administer oath
with regard to the SALN Form. The authority to administer oath must
be in writing.
f. Head of agency shall include the head of office and/or the head of
regional offices of such agency/office.
g. The declarant is strictly required to fill all applicable information in
the SALN form. Otherwise, such items should be marked with “N/A”
or “not applicable.”
h. Filling up of the form may be handwritten, computerized or
typewritten provided the signature of the declarant is original. The
declarant is required to write legibly if he chose to fill up the form by
handwriting.
i. Additional sheets may be used, if necessary. The additional sheet
shall indicate the name of the declarant, his/her position and agency
2
www.bansa.org/dictionaries
11. Guidelines on the SALN Form, p.11
x-----------------------------------------------x
name, the year covered by the SALN, and which shall be signed on
each page.
j. No unnecessary markings shall be made on the form.
7. REVIEW AND COMPLIANCE COMMITTEE
For purposes of the submission of the new SALN Form for the
year 2012, the Review and Compliance Procedure in the Filing and
Submission of the Statement of Assets, Liabilities and Net Worth (SALN)
and Disclosure of Business Interests and Financial Connections (CSC
Memorandum Circular No. 10, s. 2006), as amended, shall be applied by
the government agencies and offices.
8. SANCTION
1. Public Officials and Employees. Any of the following acts
shall constitute a violation of Section 8 of R.A. No. 6713 or the Code of
Conduct and Ethical Standards for Public Officials and Employees, and
shall be punishable by suspension of one (1) month and one (1) day to six
(6) months for the first offense, and dismissal from the service for the
second offense:
1. Failure of an official or employee to submit his/her
SALN; and
2. Failure to disclose or misdeclaration of any asset,
liability, business interest, financial connection, and
relative in the government in his/her SALN.
2. Head of Agency. Any head of agency who shall fail to comply
with CSC Memorandum Circular No. 10, s. 2006, in relation to the
Review and Compliance Procedure in the Filing and Submission of the
SALN Form shall be liable for Simple Neglect of Duty, which shall be
punishable by suspension of one (1) month and one (1) day to six (6)
months for the first offense, and dismissal from the service for the second
offense.
9. REPEALING CLAUSE
All previous issuances pertaining to the SALN Form and its
guidelines are hereby expressly repealed.
12. Guidelines on the SALN Form, p.12
x-----------------------------------------------x
10. PUBLICATION/EFFECTIVITY
These Guidelines shall be prospective in application and shall take
effect after fifteen (15) days from its publication in a newspaper of
general circulation.
AGR/SALN-TWG Secretariat
SALN-TWG Guidelines 01.24.2013 sequential (DOC)