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SALN stanos lor Statement ol Assets, Liabilities, ano Net Worth.
LR 156 &.$+ <?@B;B>B ?A >S? A?FCBI
1.1 The Baseline Leclaration (BL), which must be accomplisheo only once,
shoulo contain a comprehensive listing ol the oeclarant`s Assets,
Liabilities, Net Worth, Business Interests, Iinancial Connections, ano
Relatives in Government.
New entrants must submit the BL within ?0 oays alter assumption
into ollice, to contain inlormation as ol the lirst oay ol Government
service. Ior incumbents, the Baseline Leclaration must be submitteo
on or belore April ?0, 200S, to rellect inlormation with cut oll ol
Lecember ?1, 200.
1.2 The Annual Leclaration (AL), which must be accomplisheo every year
lor submission on or belore April ?0, where the employee has previously
submitteo a BL.
The lirst AL shall contain inlormation starting lrom the oay immeoiately
lollowing the cut-oll oate ol an employee`s BL, up to Lecember ?1 ol
the reporting year. The subsequent ALs ol an employee shall be lor the
perioo January 1 to Lecember ?1 ol each succeeoing year.
The AL must also be accomplisheo within ?0 oays lrom separation
lrom Government service, statements ol which must cover lrom January
1 up to the employee`s last oay in ollice.
A comprehensive listing ol ALL assets ano liabilities is not neeoeo in
the AL. What neeo to be oocumenteo in the AL are only acquisitions
ano oisposals ol Assets, incurrence, retirement, ano payment/reouction
ol Liabilities, creation ano termination ol Business Interests ano Iinancial
Connections, ano Relatives joining or being separateo lrom the
Government, since the last SALN submission.
You can think ol the AL as a passbook where only oeposits ano
withorawals lrom your account neeo to be oocumenteo.
$-% $-% $-% $-% $-% &.$+ + ++ ++$ + .'+#!% $ + .'+#!% $ + .'+#!% $ + .'+#!% $ + .'+#!%
!"#$ &'()'* +'$ ,-.,'-./ '(/ -.,-0/)1./ +#2" 3)(/$
,-04#/./ 56 2". 7#**.((#)& 8"'**.(9. 80-,0-'2#0( '(/
&'('9./ 56 2". :;<; =9.(16 30- >(2.-('2#0('*
?.4.*0,&.(2 2"-0)9" 2". 7#**.((#)& 8"'**.(9.
=110)(2@A"#*#,,#(.$ !"-.$"0*/ A-09-'& !.1"(#1'*
=$$#$2'(1. A-0B.12 C78=@A!A@!=AD '(/ E)*. 03 F'+
G33.12#4.(.$$ CEHFGD A-0B.12; !". 0,#(#0($ .I,-.$$./
".-.#( '-. 2"0$. 03 2". ')2"0-C$D '(/ /0 (02 (.1.$$'-#*6
-.3*.12 2". 4#.+$ 03 2". 788 0- :<=>?;
Q T
MR 26<:=F=>;?@BI
2.1 Annual Gross Salary - relers to all lorms ol compensation (cash only) ol
the employee actually receiveo lrom Government service, except per
oiems.
2.2 Annual Gross Iamily Income - relers to all lorms ol income (cash ano
non-cash) actually receiveo by the oeclarant, spouse, ano chiloren living
in householo, receiveo lrom ALL sources, incluoing gratuitous
acquisitions
2.? Real Properties ano Vehicles ol the oeclarant, spouse, ano chiloren living
in householo must be oeclareo regaroless ol value
2.?.1 Ior real properties, the kino ol real property, the location, the
estimateo lair market value, ano the assesseo value must be
reporteo
2.?.2 Ior vehicles, the type ol vehicle, plate number, certilicate number,
ano place ol registration must be reporteo
2.?.? Ior both real properties ano vehicles, the mooe ano year ol
acquisition, as well as the acquisition cost, must also be reporteo
Ior Real Properties ano Vehicles which are paio on installment
basis, it is only when title is registereo in your name that such
items must be listeo herein. While you are amortizing lor such
items ano title is not in your name, you shoulo oeclare your
equity so lar paio as Lquity in Installment Purchases unoer ther
Personal Property. It is upon transler ol title to your name that
the Real Property or Vehicle may be reporteo as such.
2.4 Investments ano ther Personal Properties
Lach item ol Investment or ther Personal Property ol the oeclarant,
spouse, ano chiloren living in householo with a lair market value ol
PhP50,000 or more must be reporteo by checking the appropriate box
ano entering the acquisition cost.
Il an item has a lair market value ol less than PhP50,000, pool all such
items together ano il the aggregate value exceeos PhP100,000, these
items must be listeo even il the inoivioual items are valueo at less than
PhP50,000. But il the aggregate value ooes not exceeo PhP 100,000,
you may oeclare these items collectively as "thers`, or you may opt
not to oeclare these items at all since these are not consioereo material.
Ior Investments ano ther Personal Properties, which are paio on
installment basis, you shoulo oeclare your equity so lar paio as Lquity
in Installment Purchases, or in some other applicable category (e.g.
Stocks, Private Insurance, Loucational Plans, Pre-Neeo Plans).
2.5 Liabilities
In the same manner, each item ol Liability ol the oeclarant, spouse,
ano chiloren living in householo with an outstanoing balance ol
PhP50,000 or more must be reporteo by checking the appropriate box
ano entering the amount ol the outstanoing balance.
Il the value ol an item is less than PhP50,000, pool all such items
together ano il the aggregate value exceeos PhP100,000, these items
must be listeo even il the inoivioual items are valueo at less than
PhP50,000. But il the aggregate value ooes not exceeo PhP100,000,
you may oeclare these items collectively as "thers`, or you may opt
not to oeclare these items at all since these are not consioereo material.
2.6 Business Interests ano Iinancial Connections
Lach item ol Business Interest or Iinancial Connection ol the oeclarant,
spouse, ano chiloren living in householo which gives gross annual
receipts ol PhP50,000 or more must be reporteo by provioing
appropriate oetails - the name ol the owner ol the item, the name,
aooress, ano nature ol the business entity or linancial connection, ano
the oate ol acquisition thereol.
Il an item generates gross annual receipts ol less than PhP50,000, pool
all such items together ano il the aggregate receipts exceeo PhP100,000,
these items must be listeo even il the inoivioual items are valueo at
less than PhP50,000. But il the aggregate receipts oo not exceeo
PhP100,000, you may oeclare these items collectively as "thers`, or
you may opt not to oeclare these items at all since these are not
consioereo material.
2. Relatives in Government
The oeclarant`s ano spouse`s relatives in Government, up to the lourth
civil oegree ol consanguinity or allinity, incluoing bilas, inso, ano balae,
must be reporteo, by provioing the name, relationship, position, ano
ollice/aooress ol the relative.
U K
The SALN contains inlormation about ownership ol assets as well as one`s
liabilities. Lvery government employee, lrom the Presioent to every rank-ano-
lile employee, is requireo by law to submit this lorm. The governing law is
Republic Act No. 61?, otherwise known as the Cooe ol Conouct ano Lthical
Stanoaros lor Public llicials ano Lmployees. The law is baseo on the
Constitutional provision that "A public ollicer or employee shall, upon
assumption ol ollice ano as olten therealter as may be requireo by law, submit
a oeclaration unoer oath ol his assets, liabilities ano net worth. xxx`
The Civil Service Commission (CSC) "shall have the primary responsibility
lor the aoministration ano enlorcement` ol Republic Act 61?, which among
others incluoes the enlorcement ol the SALN (See Section 12 in relation to
Section S). n September 10, 200, the CSC approveo the reviseo lorm ol
the SALN through CSC Resolution No. 01S14. This manual was prepareo
by the CSC to assist lilers in completing the new SALN.
This manual serves as your guioe in provioing inlormation lor accomplishing
your SALN lorm. Lxamples are incluoeo to illustrate the inlormation requireo
lrom you. The manual also uses various symbols to aovise you ol important
things to remember. These are:
GA 60V? 6F)? 6A ;?0G 6BFC )0DH0=W
(#$/"01!$("# $" $-% 2+#1 (#$/"01!$("# $" $-% 2+#1 (#$/"01!$("# $" $-% 2+#1 (#$/"01!$("# $" $-% 2+#1 (#$/"01!$("# $" $-% 2+#1+' +' +' +' +'3 33 33
4"1/ .1(0% 4"1/ .1(0% 4"1/ .1(0% 4"1/ .1(0% 4"1/ .1(0%
CJ)LA= 2 OB06 F6 )?0DC
! #$%&'()*( +*,&'$)(+&* (& '-$-$.-'
! /-*-')0 +*1('23(+&*1
! 45)$%0-1 &' +0021(')(+&*1 (& 6-13'+.-
+*,&'$)(+&* '-72+'-6 &' $-11)8-
3&*9-:-6
! #*,&'$)(+&* (;)( *--6 *&( .- 8+9-*<
'-%&'(-6 &' 6-30)'-6
! #*,&'$)(+&* (;)( *--61 (& .- 8+9-*<
'-%&'(-6 &' 6-30)'-6
! ='-72-*(0: )1>-6 72-1(+&*1
!
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!
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2.S Statement
The oeclarant (ano spouse in Government service, in case ol joint liling),
must sign the Statement, provioe the oate ol signing, TIN, ano CTC
oetails, ano personally subscribe the SALN belore a person authorizeo
to aominister oaths.
NR +6> V?F>5 ;@ >56 W2
- the Net Worth ol the oeclarant, spouse, ano chiloren living in householo is
computeo in the BL as lollows:
01S%*5*!*$, 1$5! $< /++ ;(/+ 4#$4(#!*(5 /,7 Q("*1+(5
01S%*5*!*$, 1$5! $< /++ F,@(5!-(,!5
01S%*5*!*$, 1$5! $< /++ A!"(# 3(#5$,/+ 3#$4(#!*(5
6$!/+ =*/P*+*!*(5XXXXXXXXXXXXXXXXXXXXXXXXXXXX
D(! O$#!"
3+%5I
3+%5I
G(7%1!I
?S%/+5I
!"# %#& '()&" *+ %( ,(%-#) .(/01&#2 *% &"# 345
OR /F=>8;>?8B .<X8;B;>;?@B ?A .BB6>B
- Gratuitous acquisitions (e.g. oonations, inheritance, winnings) ol the oeclarant,
spouse, or chiloren living in the householo must be reporteo as lollows:
4.1 The acquisition must be oeclareo as an asset (i.e., Real Property, Vehicle,
Investment, or ther Personal Property), with the lair market value reporteo
as ol oate ol oeclaration, il the same is PhP50,000 or more
4.2 Il the lair market value is less than PhP50,000, pool the item with others
similarly acquireo, ano il the aggregate value exceeos PhP100,000, then each
item must be listeo. Il the aggregate value ooes not exceeo PhP100,000, the
oeclarant may oeclare this in lump sum as "thers`. Alternatively, il the
aggregate value ooes not exceeo PhP100,000, the oeclarant may opt not to
oeclare these items at all.
4.? Ior all assets gratuitously acquireo which are listeo as an asset (i.e., Real
Property, Vehicle, Investment, or ther Personal Property), the lair market
value must be incluoeo in the Annual Gross Iamily Income.
LP LL
*('(#. 4 *('(#. 4 *('(#. 4 *('(#. 4 *('(#. 4"1/ "1/ "1/ "1/ "1/ &.$+
#
2
\noer Section 2 (b) ol Republic Act No. ?01, the term "public ollicer` incluoes elective ano appoint-
ive ollicials ano employees, permanent or temporary, whether in the classilieo or unclassilieo or ex-
empt service, receiving compensation, even il nominal, lrom the government. \noer Section ? (b) ol
Republic Act No. 61?, the term "public ollicials` incluoes elective ano appointive ollicials ano em-
ployees, permanent or temporary, whether in the career or non-career service, incluoing military ano
police personnel, whether or not they receive compensation, regaroless ol the amount.
?
As implementeo by Section 1.a. Rule VIII ol the Rules Implementing the Cooe ol Conouct ano Lthical
Stanoaros lor Public llicials ano Lmployees, as amenoeo by CSC Resolution No. 06-02?2 oateo 1
Iebruary 2006.
V5Y 3?8 *8B> 4;:6
As a Government employee, you occupy a position that is vesteo with
public trust. This requires you to put the public interest over ano above your
own. The primary use ol the inlormation on the SALN lorm is to exhibit
transparency ano accountability in public ollice.
The SALN is the baoge ol honor ol the honest civil servant that must be
accomplisheo with prioe. It shows that an employee oio not exploit his or her
public ollice lor illegal gain.
V5? *8B> 4;:6
All public ollicials
2
ano employees, whether regular or unoer temporary
status, are requireo to lile the SALN.
V-) 2) +)1 +''2 1) 4"$'
Public ollicials serving in an honorary capacity, without creoit or pay,
Temporary laborers, ano,
Casual or temporary (not in the regular plantilla ol agency) ano
contractual workers.
?
V56@ 1? 4;:6
!"# "%&'(%& )*+*%,- Lue within ?0 calenoar oays lrom assuming a position
or earlier when requesteo by your agency`s Human Resource Livision or
oesignateo collecting ollice to support your claim lor lirst salary.
Inlormation to be provioeo must be that as ol oeclarant`s lirst oay ol
service.
.%%/(+ )*+*%,- Lue not later than April ?0 ol every year. The reporting
perioo starts lrom the oay lollowing the cut-oll oate ol the previous
SALN oeclaration, up to Lecember ?1 ol the reporting perioo.
LM LN
0"1('(&*2% - Lue within ?0 oays alter separation lrom Government
service.
DA6?I ?@(, *< Y$% /#( $, +(/@( <#$- >$#UN Y$% /#( 5!*++ (Z4(1!(7 !$ 5%P-*! Y$%#
C0=D $, $# P(<$#( 04#*+ [\ $< (/1" Y(/#N 5$ Y$% ,((7 !$ -/U( !"( ,(1(55/#Y
/##/,&(-(,!5 <$# !*-(+Y 5%P-*55*$,]
V56F6 >? 4;:6
Accomplish the lorms in triplicate ano submit the same to your Human
Resource Management llice (HRM), Personnel llice, or Aoministration
llice.
Be sure to retain a copy ol your SALN ano have the same receiveo as prool
ol your SALN submission.
Iurther, unoer CSC Resolution No. 06-02?1 oateo Iebruary 1, 2006, the
Chiel/Heao ol the Personnel/Aoministrative Livision or \nit/HRM shall
transmit all original copies ol the SALNs receiveo, on or belore June ?0 ol
every year, to the concerneo ollices, as lollows:
V-'(' 1) 4"$'
D/!*$,/+ A<<*1( $< !"(
A-P%75-/,
C(1#(!/#Y $< !"( C(,/!(
C(1#(!/#Y E(,(#/+
$< !"( B$%5( $<
;(4#(5(,!/!*@(5
.+(#U $< .$%#! $< !"(
C%4#(-( .$%#!
.$%#! 07-*,*5!#/!$#
)44"!".$Z'*0$)3'' !)+!'(+'2
3#(5*7(,! /,7 Q*1( 3#(5*7(,! $< !"(
3"*+*44*,(5
."/*#-(, /,7 .$--*55*$,(#5 $<
.$,5!*!%!*$,/+ .$--*55*$,5 /,7 A<<*1(5
C(,/!$#5
.$,&#(55-(,
^%5!*1(5 $< !"( C%4#(-( .$%#!N .$%#! $<
044(/+5N C/,7*&/,P/Y/, /,7 .$%#! $< 6/Z
044(/+5
^%7&(5 $< !"( ;(&*$,/+ 6#*/+ .$%#!N
)(!#$4$+*!/, .*#1%*! 6#*/+ .$%#!N )%,*1*4/+
/,7 C4(1*/+ .$%#!5
V-'(' 1) 4"$'
A<<*1( $< !"( 3#(5*7(,!
G(4%!Y A-P%75-/,
*, !"(*# #(54(1!*@(
#(&*$,
.*@*+ C(#@*1(
.$--*55*$,
9F,!(&#/!(7 ;(1$#75
)/,/&(-(,! A<<*1(:
)44"!".$Z'*0$)3'' !)+!'(+'2
D/!*$,/+ ?Z(1%!*@( A<<*1*/+5 5%1" /5 )(-P(#5 $< !"(
./P*,(!N H,7(#5(1#(!/#*(5 /,7 055*5!/,! C(1#(!/#*(5
*,1+%7*,& !"( K$#(*&, C(#@*1( A<<*1(#5 9KCA:
B(/75 $< E$@(#,-(,!2A>,(7 /,7 .$,!#$++(7
.$#4$#/!*$,5 >*!" $#*&*,/+ 1"/#!(#5 /,7 !"(*#
5%P5*7*/#*(5N /,7 C!/!( .$++(&(5 /,7 H,*@(#5*!*(5
A<<*1(#5 $< !"( 0#-(7 K$#1(5 <#$- !"( #/,U $<
.$+$,(+ $# D/@/+ ./4!/*,
;(&*$,/+ A<<*1*/+5 /,7 ?-4+$Y((5 $< G(4/#!-(,!5N
L%#(/%5N /,7 0&(,1*(5 $< !"( D/!*$,/+ E$@(#,-(,!
*,1+%7*,& !"( ^%7*1*/#Y /,7 .$,5!*!%!*$,/+
.$--*55*$,5 /,7 A<<*1(5
;(&*$,/+ A<<*1*/+5 /,7 ?-4+$Y((5 $< E$@(#,-(,!2
A>,(7 /,7 .$,!#$++(7 .$#4$#/!*$,5 /,7 !"(*#
5%P5*7*/#*(5 *, !"( #(&*$,
0++ $!"(# $<<*1*/+5 /,7 (-4+$Y((5 $< C!/!( .$++(&(5
/,7 H,*@(#5*!*(5
;(&*$,/+ A<<*1(#5 P(+$> !"( #/,U $< .$+$,(+ $# D/@/+
./4!/*, *,1+%7*,& .*@*+*/, 3(#5$,,(+ $< !"( 0K3
;(&*$,/+ A<<*1*/+5 /,7 ?-4+$Y((5 $< !"( 3D3
3#$@*,1*/+ A<<*1*/+5 /,7 ?-4+$Y((5 *,1+%7*,&
E$@(#,$#5N Q*1(2E$@(#,$#5 /,7 C/,&&%,*/,&
3/,+/+/>*&/, )(-P(#5
)%,*1*4/+ /,7 .*!Y A<<*1*/+5 /,7 ?-4+$Y((5 *,1+%7*,&
)/Y$#5N Q*1(2)/Y$#5N C/,&&%,*/,& L/Y/,_
3/,+%,5$7 )(-P(#5 /,7 L/#/,&/Y A<<*1*/+5
0++ $!"(# .(,!#/+ A<<*1*/+5 /,7 ?-4+$Y((5 $<
G(4/#!-(,!5N L%#(/%5 /,7 0&(,1*(5 $< !"( D/!*$,/+
E$@(#,-(,!N *,1+%7*,& !"( ^%7*1*/#Y /,7
.$,5!*!%!*$,/+ .$--*55*$,5 /,7 A<<*1(5 /5 >(++ /5
E$@(#,-(,!2$>,(7 /,7 .$,!#$++(7 .$#4$#/!*$,5
/,7 !"(*# 5%P5*7*/#*(5
044$*,!*@( A<<*1*/+5 /,7 ?-4+$Y((5 $< !"( =(&*5+/!%#(
0++ $!"(# .(,!#/+ A<<*1(#5 P(+$> !"( ;/,U $< .$+$,(+
$# D/@/+ ./4!/*, /5 >(++ /5 .*@*+*/, 3(#5$,,(+ $< !"(
0K3
0++ $!"(# H,*<$#-(7 /,7 D$,2%,*<$#-(7 .(,!#/+
A<<*1*/+5 /,7 ?-4+$Y((5 $< !"( 3D3N L^)3 /,7 LK3
!"#$%#&'(
"
LO LJ
In aooition, unoer CSC Memoranoum Circular 0, s. 2004, the Chiel ol
aoministrative/personnel oivision/unit ol ollicials ano employees who are
manoateo by law to submit their SALN to the CSC shall transmit to the Civil
Service Commission, Constitutional Hills, Batasan Complex, Liliman, Quezon
City on or belore June ?0 ol every year all original copies ol the SALN receiveo,
with a list ol lilers arrangeo in alphabetical oroer. CSC Resolution No. 040?0
requires the lollowing prescribeo lormat lor the summary ol lilers:
DA] D0)? AK ?)3=AJ?? 6FD 3ACF6FAD D?6 OA;6B
R
T
[
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[,'&1")+
*8B> =:: >56 A?FCB ;@ >F;7:;<=>6 96 ?F;H;@=::Y B;H@6E\
Since your SALN will be submitteo to various repository agencies, it is
best to submit the accomplisheo SALN lorms in triplicate originals, that is,
originally signeo ano originally subscribeo on all three originals. You may want
to accomplish one SALN lorm, make two (2) photocopies ol the same so that
you oo not neeo to re-write the entries, ano then originally sign each triplicate
original ano have each original signeo by the person aoministering the oath.
/6@6F=: "@B>F8<>;?@B
1. You must provioe sullicient inlormation about assets, liabilities, ano other
activities. Ior items that are not applicable to you, please legibly state 3!2&
.11+*4(5+"6 or 3!7.6. Il you have no inlormation to report in any part,
put "None". Also, mark or check boxes when requireo.
2. You may use aooitional lorms or sheets il inlormation exceeos the spaces
provioeo.
?. The SALN consists ol two lorms:
?.1 The 8(9"+*%" :"4+('(&*2% ;8:<, which must be accomplisheo only
2%4". New entrants must submit the BL within ?0 oays alter
assumption into ollice. The statement ol a new entrant must contain
comprehensive inlormation as ol his/her lirst oay ol Government
!
!
service. Ior incumbent employees, the Baseline Leclaration must be
submitteo on or belore April ?0, 200S, with cut-oll ol Lecember ?1,
200.
?.2.The .%%/(+ :"4+('(&*2% ;.:<, which must be accomplisheo "="'>
>"(' lor submission on or belore April ?0, where the employee has
previously submitteo a BL.
The lirst AL shall contain inlormation starting lrom the oay immeoiately
lollowing the cut-oll oate ol an employee`s BL, up to Lecember ?1 ol
the reporting year. The subsequent ALs ol an employee shall be lor
the perioo January 1 to Lecember ?1 ol each succeeoing year. The AL
must also be accomplisheo within ?0 oays lrom separation lrom
Government service, statements ol which must cover January 1 up to
the employee`s last oay in ollice.
. 42?1'"@"%9*=" +*9&*%, 2) .AA (99"&9 (%B +*(5*+*&*"9 *9 %2& %""B"B *%
&@" .:C What neeo to be oocumenteo in the AL are only acquisitions
ano oisposals ol Assets, incurrence, retirement, ano payment/reouction
ol Liabilities, creation ano termination ol Business Interests ano Iinancial
Connections, ano Relatives joining or being separateo lrom the
Government, since the last SALN submission.
D) &@" "?1+2>"" @(9 %2&@*%, &2 B"4+('" 5"4(/9" &@"'" @(=" 5""% %2
4@(%,"9 &2 @*9 .99"&9E A*(5*+*&*"9E 8/9*%"99 D%&"'"9&9E F*%(%4*(+
G2%%"4&*2%9E (%B H"+(&*="9 *% I2="'%?"%& 9*%4" @*97@"' +(9& 0.A!
9/5?*99*2%E &@" B"4+('(%& ?(> 9*?1+> (442?1+*9@ 0"4&*2%9 .E 8E (%B
I 2) &@" .:C
"
!
+)1'I 6"*,U $< !"( ,(> C0=D /5 / 4/55P$$UN >"(#( !"( <*#5! (,!#Y *5 !"(
LGN /,7 !"( /,,%/+ (,!#*(5 !"#$%&" !"( 0G 5%44+(-(,! !"( 4/55P$$U]
6/U(, /5 / >"$+(N !"( LG /,7 0G5 !(++ !"( <*,/,1*/+ 4$5*!*$, $< !"(
(-4+$Y(( /,7 "*5 </-*+Y] B$>(@(#N !"( 5%P-*55*$, $< 0G5 -%5! P(
1$,5*5!(,! !$ -/U( !"( <*,/,1*/+ 4$5*!*$, /11%#/!(]
[,'&1")+&
) +,'-%"&./0 1",2'( %# 3"-',#4'#$5 6"1'-',7 ) ,'.%8#'(7
9#( $:'# ) ,'$&,#'( $" 3"-',#4'#$ .',-%;' 989%#5 <:9$ =",4
(" ) 9;;"4+/%.: 1:'# ) ,'$&,#>
You must accomplish the BL again because it woulo be oillicult
to trace the change in your assets, liabilities, ano net worth ouring the
LQ LT
perioo when you were away lrom Government service otherwise. Lven
il the gap between the separation ano return is minimal or nil, it woulo
be best that you accomplish a new BL lor your new engagement.
) '#$','( 3"-',#4'#$ .',-%;' "# ?'@,&9,0 AB7 ACCB5 <:'#
.:"&/( ) =%/' $:' DE7 9#( 1:9$ .:"&/( %$ ;"#$9%#> <:'# .:"&/(
) =%/' 40 F.$ GE7 9#( 1:9$ .:"&/( %$ ;"#$9%#>
Since you entereo government alter Iebruary 6, which is when the
new SALN lorm takes ellect (15 oays lrom the publication on January
21, 200S, with a secono publication on January 22, 200S), you must
submit your BL within ?0 oays lrom assumption to ollice, or on or belore
March 2, 200S, to contain statements as ol Iebruary 2S, 200S. n or
belore April ?0, 200. you must lile your lirst AL to cover the perioo
Iebruary 2, 200S to Lecember ?1, 200S.
+)1'I O"(, Y$% -/U( /, (,!#Y <$# !"( /1S%*5*!*$, $< /, /55(!N %5( !"(
/1S%*5*!*$, 1$5!] F< /55(! *5 /1S%*#(7 &#/!%*!$%5+YN 7(1+/#( !"( </*# -/#U(!
@/+%( $< !"( /55(!] ;(-(-P(# !$ *,1+%7( !"( </*# -/#U(! @/+%( $< /55(!5
&#/!%*!$%5+Y /1S%*#(7 *, !"( 0,,%/+ E#$55 K/-*+Y F,1$-(]
. The Statement requires that you (ano your spouse, in case ol joint liling),
sign, ano personally subscribe ano swear to the contents ol the SALN lorm
belore a person authorizeo to aominister oaths unoer the law.
10. Il you believe that there is inlormation that you neeo to oisclose other than
that requireo in the SALN lorm, leel lree to use extra sheets to lully explain
your oisclosures in the SALN to accurately oepict your linancial conoition
ano transactions.
+)1'I
C4$%5( -(/,5 Y$%# +(&/+ "%5P/,7 $# >*<(N /5 !"( 1/5( -/Y P(] J$% -%5! 4#$@*7(
*,<$#-/!*$, /P$%! Y$%# 54$%5(N #(&/#7+(55 $< !"( 5!/!%5 $< -/##*/&(N (Z1(4! $,+YI
9*: >"(, !"( -/##*/&( "/5 P((, 7(1+/#(7 ,%++ /,7 @$*7N >*!" <*,/+*!Y 9**: >"(, !"(
-/##*/&( "/5 P((, /,,%++(7N >*!" <*,/+*!Ya $# 9***: >"(, !"(#( *5 / <*,/+ 7(1#(( $<
+(&/+ 5(4/#/!*$, P(!>((, Y$% /,7 Y$%# 54$%5(]
J$% -%5! 4#$@*7( *,<$#-/!*$, <$# /++ Y$%# 1"*+7#(, P(+$> Rb Y(/#5 $< /&( +*@*,&
*, Y$%# "$%5("$+7N #(&/#7+(55 $< +(&*!*-/1Y $# *++(&*!*-/1Y]
F, !"( <%!%#(N Y$% -/Y P( #(S%*#(7 !$ 4#$7%1( 7$1%-(,!/!*$, !$ 5%44$#! Y$%#
(,!#*(5 *, Y$%# C0=D <$#-] L(/# !"*5 *, -*,7 >"(, Y$% /11$-4+*5" Y$%# C0=D]
[,'&1")+&I
H0 .+"&.' 9#( ) 9,' '.$,9#8'( 9#( /%-' 9+9,$7 @&$ 1' ;"#$%#&' $"
@' 49,,%'( @';9&.' 1' :9-' #"$ ."&8:$ 9#0 9##&/4'#$ ",
(';/9,9$%"# "= #&//%$0 "= 49,,%98'5 I:"&/( ) ;"#$%#&' $" (%.;/".'
%#=",49$%"# 9@"&$ 40 .+"&.' $"">
Yes, consioering that you continue to be marrieo to your spouse, you must
continue to oeclare inlormation about your spouse`s Assets, Liabilities, Net
Worth, Business Interests, ano Iinancial Connections.
I:"&/( ) %#;/&(' %#=",49$%"# 9@"&$ 40 ;:%/( 1:" %. FB 0'9,. "/( ",
9@"-' /%-%#8 %# 40 :"&.':"/(>
No, because your chilo is alreaoy an aoult ano is therelore presumably
capable ol earning income on his or her own, even il he or she may be living in
your householo.
"
4. In general, the SALN requires the lollowing inlormation:
Leclarant`s Personal Inlormation ano Lmployment
Assets, Liabilities, ano Net Worth
Business Interests ano Iinancial Connections
Relatives in the Government
Statement
5. The section on oeclarant`s Personal Inlormation ano Lmployment is intenoeo
to elicit inlormation about you, your lamily, ano your employment in
Government. Inlormation about your spouse ano chiloren is neeoeo because
it is likely that their assets ano liabilities are oetermineo by your linancial
resources, ano/or that their assets ano liabilities allect your linancial stanoing.
6. The section on Assets, Liabilities, ano Net Worth applies to inlormation
pertaining to you, your spouse (il any), ano any chiloren below 1S years ol
age living in your householo.
. The section on Business Interests ano Iinancial Connections relers to
inlormation pertaining to you, your spouse (il any), ano any chiloren below
1S years ol age living in your householo.
S. The section on Relatives in Government relers to you ano your spouse`s
relatives in Government service.
"
!
LU LK
I:"&/( ) %#;/&(' %#=",49$%"# 9@"&$ 40 ;:%/(,'# 1:" 9,' @'/"1 FB
0'9,. "/( @&$ 9,' #"$ /%-%#8 %# 40 :"&.':"/(>
No because in such a case, while your chiloren may be below 1S years olo,
they are presumably capable ol provioing lor themselves, since they are no
longer living in your householo.
) 49%#$9%# 4",' $:9# "#' :"&.'7 9#( ."4' "= 40 4%#", ;:%/(,'#
/%-' %# 40 "$:', :"&.'.5 I:"&/( ) (';/9,' %#=",49$%"# 9@"&$ .&;:
4%#", ;:%/(,'# %# 40 IGJK>
Yes, because your other houses constitute an extension ol your householo.
I:"&/( ) %#;/&(' %#=",49$%"# 9@"&$ "$:', =94%/0 4'4@',. 1:"4 )
=%#9#;%9//0 .&++",$ 9#( 1:" /%-' %# 40 :"&.':"/(7 @&$ 1:" 9,' #"$
40 .+"&.' ", 4%#", ;:%/(,'#>
No, oo not incluoe inlormation about such other lamily members, although
you may be supporting them or they may be living in your householo.
) 94 .'#(%#8 40 4%#", ;:%/( $" .;:""/ %# 9#"$:', ;"&#$,05 I:"&/( )
%#;/&(' %#=",49$%"# 9@"&$ .&;: ;:%/( %# 40 IGJK '-'# %= :' %. #"$
/%-%#8 %# 40 :"&.':"/(>
Yes, because in this case, the school is virtually an extension ol your
householo. Besioes, the spirit ol the law requires that minor chiloren who are
linancially oepenoent on their parents be incluoeo in the SALN.
) 94 .'#(%#8 40 ;:%/(7 1:" %. 9@"-' $:' 98' "= 49L",%$07 $" .;:""/
%# 9#"$:', ;"&#$,05 I:"&/( ) %#;/&(' %#=",49$%"# 9@"&$ .&;: ;:%/( %#
40 IGJK>
No, because your chilo is alreaoy ol age ano is presumably capable ol
supporting himsell/hersell linancially.
) 94 9 H&./%4 9#( :9-' 4",' $:9# "#' .+"&.'5 H&.$ ) %#;/&('
%#=",49$%"# =", 9// 40 .+"&.'.>
Yes, you must incluoe inlormation lor all your spouses. \se aooitional
sheet(s) as may be necessary.
(67?F> A?F 3?8FB6:A] 3?8F &7?8B6 ^;A =@Y_] =@E =@Y !5;:EF6@ 96:?S LU Y6=FB
?A =H6 :;`;@H ;@ Y?8F 5?8B65?:E
.%%/(+ I'299 0(+('> - relers to all remuneration (cash only) lrom Government
service, however oesignateo, incluoing salary, honoraria, bonuses, allowances,
incentives, etc., expresseo in Philippine Pesos, actually receiveo, lor one calenoar
year.
2? @?> F67?F> =B 7=F> ?A Y?8F .@@8=: /F?BB &=:=FY] 76F E;6CB
H;`6@ >? Y?8 9Y Y?8F ?AA;<6 96<=8B6 >56B6 =C?8@>B =F6 C6=@> >?
<?`6F =<>8=: 6a76@B6B ;@<8FF6E 9Y >56 6C7:?Y66 ;@ >56 <?8FB6 ?A
=<>;`;>;6B ;@ F6:=>;?@ >? 6C7:?YC6@>
2? @?> F67?F> @?@b<=B5 96@6A;>B F6<6;`6E AF?C Y?8F /?`6F@C6@>
B6F`;<6 =B 7=F> ?A Y?8F .@@8=: /F?BB &=:=FYR
2? @?> F67?F> ;@<?C6 AF?C ?>56F B?8F<6B] B8<5 =B 7F;`=>6
6C7:?YC6@> ?F 6@H=H6C6@>] 98B;@6BB6B] =BB6>B] <?CC;BB;?@B]
;@`6B>C6@>B] HF=>8;>?8B =<X8;B;>;?@B] 6><R B5?8:E @?> 96 E6<:=F6E
56F6] B;@<6 >5;B ;@A?FC=>;?@ B5?8:E ;@B>6=E 96 F6A:6<>6E 8@E6F
.@@8=: /F?BB 4=C;:Y "@<?C6R
.%%/(+ I'299 F(?*+> D%42?" - relers to your income (both cash ano non-
cash) combineo with those ol your spouse ano any chiloren below 1S years ol
age living in your householo, expresseo in Philippine Pesos. The Annual Gross
Iamily Income is intenoeo to compare your lamily`s earning capacity against
those ol your Assets, Liabilities, ano Net Worth. This entry shoulo incluoe
ALL lorms ol remuneration/income/prolit/return, ano those ol your lamily,
lrom whatever source ano in whatever amount ano lorm, incluoing the lair
market value ol assets ,'(&/*&2/9+> (4J/*'"B.
+)1'I
Gratuitous acquisitions ol ANY KINL, that is, winnings, inheritance,
ano oonations to you, your spouse, or chiloren below 1S years ol age
living in your householo M\ST be rellecteo in the Annual Gross Iamily
Income. This is consioereo income lor purposes ol comparing with
5%/&"#+' (#*"/2+ 5%/&"#+' (#*"/2+ 5%/&"#+' (#*"/2+ 5%/&"#+' (#*"/2+ 5%/&"#+' (#*"/2+$("# $("# $("# $("# $("#
+#0 %25' +#0 %25' +#0 %25' +#0 %25' +#0 %25'" "" ""42%#$ 42%#$ 42%#$ 42%#$ 42%#$
$
1-' W.&'$"+' 2'!$.(.1")+
#
#
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"
MP ML
acquisitions ol your assets. It is the lair market value ol these properties
gratuitously acquireo as ol the time ol oeclaration that must be incluoeo
in the Annual Gross Iamily Income.
Incluoe in the Annual Gross Iamily Income properties gratuitously
acquireo when the lair market value ol each such property exceeos
PhP50,000. NTL that the properties gratuitously acquireo must also
be separately reporteo as assets, with the lair market value also to be
reporteo.
Ior other items ol Annual Gross Iamily Income (i.e., other than those
gratuitously acquireo), you must oeclare the same even il the PhP50,000
thresholo amount is not reacheo.
'a=C7:6B ?A S5=> <?@B>;>8>6 .@@8=: /F?BB 4=C;:Y "@<?C6
Salaries lrom Government (which incluoes your Annual Gross Salary)
Salaries ano other remuneration lrom other employment or engagement,
such as honoraria, allowances, etc.
Income lrom businesses ano assets (e.g. rental income lrom real
properties, vehicles)
Commissions
Return on investments
Gains lrom oisposals or liquioation ol assets
Interest lrom oeposits
Livioenos lrom shareholoings
Income lrom partnerships ano joint ventures
Cash oonations
Winnings lrom sweepstakes ano other activities ol chance
Lonations ano inheritances ol real ano personal properties (lair market
value)
2? @?> F67?F>I 3?8 E? @?> @66E >? F67?F> 6=F@6E] 98> ,+!)$$'!1'2
"+!)*' =B ?A >56 F67?F>;@H E=>6R
2? @?> F67?F>I $)&&'& AF?C >F=@B=<>;?@B ;@ Y?8F .@@8=: /F?BB
4=C;:Y "@<?C6R
[,'&1")+&I
H0 .+"&.' 1",2. 9@,"9( 9#( '9,#. %# 9 =",'%8# ;&,,'#;05 6"1 ("
) (';/9,' :%.M:', '9,#%#8.>
You shoulo compute the equivalent amount ol the earnings in Philippine
Pesos, baseo on the loreign exchange rate as ol the oate ol oeclaration
) 94 9 #'1 '#$,9#$N :"1 (" ) ;"4+&$' 40 G##&9/ 3,".. I9/9,0>
The Annual Gross Salary shoulo rellect the actual amount you receiveo
lrom Government service. Since you are a new entrant, you have not receiveo
any salary lrom Government as ol the oate ol your BL, i.e., lirst oay in
Government service. Hence, this shoulo be Zero.
) 94 9 #'1 '#$,9#$N 1:9$ %. $:' +',%"( =", ('$',4%#%#8 40 G##&9/
3,".. ?94%/0 )#;"4'>
The Annual Gross Iamily Income shoulo rellect the actual amount
receiveo. You shoulo compute your Annual Gross Iamily Income lrom January
1 ol the current year, enoing on the 1st oay ol your Government service.
) ."/( 40 ;9, 9$ 9 +,"=%$N :"1 (" ) ;"4+&$' $:' %#;"4' =,"4 $:'
.9/' 1:%;: 1%// @' %#;/&('( %# $:' G##&9/ 3,".. ?94%/0 )#;"4'>
Leouct the acquisition cost ol the car, aojusteo oue to oepreciation, lrom
the gross amount lor which you solo the car, ano this constitutes your income
lrom the sale, which must be incluoeo in the Annual Gross Iamily Income.
However, lor purposes ol reporting the conversion ol the car into some other
lorm ol asset (e.g. shares ol stock), it is the gross amount which you must
report as the acquisition cost ol the shares ol stock.
Lxample: A car which you bought lor PhP100,000, with value aojusteo
oue to oepreciation to PhP0,000, was solo lor PhP120,000. You
shoulo report as part ol your Annual Gross Iamily Income the amount
ol PhP?0,000.
n the other hano, il you useo the lull amount ol the proceeos ol
PhP120,000 to purchase shares ol stock, the amount ol PhP120,000
shoulo aooitionally be reporteo unoer Stocks.
!
#
#
!
!
MM MN
+&&%$& +&&%$& +&&%$& +&&%$& +&&%$&6 '(+,('($(%& 6 '(+,('($(%& 6 '(+,('($(%& 6 '(+,('($(%& 6 '(+,('($(%&6 66 66
+#0 #%$ 7"/ +#0 #%$ 7"/ +#0 #%$ 7"/ +#0 #%$ 7"/ +#0 #%$ 7"/$- $- $- $- $-
(67?F> A?F 3?8FB6:A] 3?8F &7?8B6 ^;A =@Y_] =@E =@Y !5;:EF6@ 96:?S LU Y6=FB
?A =H6 :;`;@H ;@ Y?8F 5?8B65?:E
Assets reler to any property, anything which are or may be the object ol
appropriation or use, anything by which liabilities can be paio, anything ol value,
any probable luture economic benelit obtaineo or controlleo by the oeclarant
as a result ol past transactions or event.
V-.1 .&&'1& *,&1 W' 2"&!$)&'2
/6@6F=: "@B>F8<>;?@B
KC .4J/*9*&*2% G29& )2' (++ .99"&9- As a general rule lor all assets, the acquisition
cost is the amount you paio lor the acquisition ol the asset. Il acquireo
gratuitously, the acquisition cost is the lair market value at time ol
oeclaration.
$
!
!
[,'&1")+I
<:9$ %. 9;O&%.%$%"# ;".$>
This relers to the amount paio in obtaining ownership over the
property. Il the property was acquireo gratuitously, as lrom a oonation
or inheritance, the acquisition cost is the lair market value.
What constitutes acquisition cost oepenos on the manner through
which an asset is acquireo. Table 1 provioes mooes ol acquisition ano
the relateo oetermination ol acquisition cost.
.&&'1&
MO MJ
1=9:6 LI *?E6B ?A .<X8;B;>;?@ S;>5 !?FF6B7?@E;@H
26>6FC;@=>;?@ ?A .<X8;B;>;?@ !?B>
)AG? AK 0.cHFCF6FAD
./5" 4%#1"/5(
?Z1"/,&( <$# ,$,2-$,(!/#Y
/55(!
G(P!_(S%*!Y 5>/4
.$,5!#%1!*$,
0.cHFCF6FAD .AC6
3%#1"/5( 4#*1(
077I A!"(# (Z4(,7*!%#(5 #(S%*#(7 *,
$P!/*,*,& !"( /55(! /,7 4#(4/#*,& *! <$#
%5(
K/*# -/#U(! @/+%( $< ,(> /55(! /1S%*#(7N
$# </*# -/#U(! @/+%( $< ,$,2-$,(!/#Y
/55(! &*@(, %4 *, (Z1"/,&(N >"*1"(@(# *5
-$#( 1+(/#+Y 7(!(#-*,/P+(
;(1$#7 /1S%*5*!*$, 1$5! $< /55(! #(1(*@(7
/! 1%##(,! </*# -/#U(! @/+%(
0++ 7*#(1! (Z4(,7*!%#(5 *,1%##(7 !$ P%*+7
!"( /55(! /,7 -/U( *! #(/7Y <$# *!5 *,2
!(,7(7 %5( 9(Z1(4! Y$%# $>, +/P$#:
'c.*0$'&I
) 9;O&%,'( 9 +%';' "= ,'9/ +,"+',$0 1",$: P:PFCC7CCC %# 'Q;:9#8'
=", .',-%;'. ,'#(','( -9/&'( 9$ P:PBC7CCC5 <:9$ %. $:' 9;O&%.%$%"#
;".$ "= $:' ,'9/ +,"+',$0>
Since it is the value ol the real property which is more clearly oeterminable
than the value ol the services, you shoulo value the acquisition cost ol the real
property at PhP100,000. The income ol PhP20,000 oue to the oillerence in
the amount ol the real property receiveo ano the value ol the services renoereo
neeos to be oeclareo in the Annual Gross Iamily Income.
G +',."# "1%#8 4' 9 ('@$ %# $:' 94"&#$ "= P:PRCC7CCC (';%('( $"
(" 9 (9;%"# '# +98"M(9$%"# %# +904'#$7 ", +904'#$ $:,"&8:
+,"+',$05 G. .'$$/'4'#$ =", $:' ('@$7 40 ('@$", 89-' 4' 9 @,9#(
#'1 ;9, 1%$: 9 49,2'$ -9/&' "= P:PBCC7CCC5 6"1 (" ) ,'+",$ $:%.>
You shoulo reouce your previously oeclareo asset (Receivable) by
PhP00,000. The car shoulo be reporteo unoer Vehicles, with an acquisition
cost ol PhPS00,000. The income ol PhP100,000 oue to the oillerence in the
amount ol the oebt ano the value ol the car neeos to be oeclareo in the Annual
Gross Iamily Income.
[,'&1")+I
<:9$ %. ?9%, H9,2'$ S9/&'>
The lair market value ol an asset is that amount which a willing buyer ano
a willing seller can agree on as the purchase price ol the property. It can also
reler to the cash equivalent price that coulo be obtaineo by selling an asset in
an oroerly liquioation.
Table 2 provioes sample sources ol inlormation on Iair Market Value lor
some assets.
!
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1=9:6 MI &=C7:6 &?8F<6B ?A "@A?FC=>;?@ ?@ 4=;F
*=FG6> #=:86
"1'*
;(/+ 3#$4(#!Y
Q("*1+(5
C!$1U5N P$,75
)%!%/+ <%,75
6#%5! <%,75
6*-( 7(4$5*!5
)$,(Y -/#U(!
?S%*!Y *, 4/#!,(#5"*45
./5" *, P/,U
K%#,*!%#(
^(>(+#Y
&),(!'& )4 "+4)(*.1")+ )+
4."( *.(d'1 #.$,'
;(/+ (5!/!( 1$-4/,*(5N P#$U(#5N 7(@(+$4(#5N
/44#/*5(#5N "*5!$#*1/+ !#/,5/1!*$,5 *, !"( 5/-(
@*1*,*!Y
./# 7(/+(#5
C!$1U (Z1"/,&(5N P#$U(#/&( <*#-5N <*,/,1*/+
*,5!*!%!*$,5 >(P5*!(5N ,(>54/4(#5
K*,/,1*/+ *,5!*!%!*$,5d_P/,U5d *,@(5!-(,!
7(4/#!-(,!N >(P5*!(5
6#%5!((N <%,7 -/,/&(#
K*,/,1*/+ *,5!*!%!*$,5N P/,U5N !"(5( (,!*!*(5d
>(P5*!(5
K*,/,1*/+ *,5!*!%!*$,5N P/,U5N !"(5( (,!*!*(5d
>(P5*!(5
K*,/,1*/+ #(4$#! $< !"( 4/#!,(#5"*4
L/,U 5!/!(-(,!N 06) #(1(*4!N 3/55P$$U
P/+/,1(
)/++5N /44+*/,1( 1(,!(#5N 5(1$,72"/,7 7(/+2
(#5 9(]&] B);:
^(>(+#Y 5!$#(5N /44#/*5(#5N 4/>,5"$45N
/+/8(#/5
MQ MT
2. Real Properties ano Vehicles: The SALN requires the oeclaration ol all
acquisitions ano oisposals ol real properties ano vehicles, regaroless ol
amount.
?. Partial payments lor Real Properties ano Vehicles:
) +&,;:9.'( 9 4'4",%9/ +/9#7 1:%;: %#-"/-'. 9 /"$7 "#
%#.$9//4'#$5 6"1 (" ) ,'+",$ $:%.>
While you are still paying lor the memorial plan ano there is no
title to the lot registereo in your name, you shoulo report your
payments unoer Pre-Neeo Plans, which is an Investment Item.
However, once you have lully paio lor the plan ano a title to the
memorial lot is issueo to you, you shoulo transler the asset to the
table on Real Property. Remember to take out the amount ol the
payments maoe lor the plan lrom the Pre-Neeo Plan since you have
alreaoy translerreo the asset as a Real Property.
) 9;O&%,'( 9 :"&.' 9#( /"$ $:,"&8: =%#9#;%#8 =,"4 $:'
3"-',#4'#$ I',-%;' )#.&,9#;' I0.$'4 T3I)IU7 1:%;:
9//"1'( $%$/' $,9#.=', $" 40 #94' 9#( $:' .%4&/$9#'"&.
;,'9$%"# "= 9 4",$898' "# $:' $%$/' 9. ) +9%( 40
94",$%V9$%"#.5 W:' 4",$898' 1%// @' 'Q$%#8&%.:'( &+"#
=&// +904'#$ "= 40 /"9#5 6"1 (" ) ,'+",$ $:%.>
Since title to the house ano lot has alreaoy been translerreo to
your name, you shoulo report the House ano Lot unoer Real Property,
with complete oetails.
+)1'I 6"( 5/-( #%+( /44+*(5 !$ /1S%*5*!*$, $< Q("*1+(5 PY *,5!/++-(,!
4%#1"/5(N $# <*,/,1*,&] O"*+( Y$% /#( 5!*++ 4/Y*,& <$# !"( Q("*1+( /,7
!"( !*!+( "/5 ,$! P((, !#/,5<(##(7 !$ Y$%N Y$% #(4$#! Y$%# !$!/+ 4/Y-(,!5
%,7(# ?S%*!Y *, F,5!/++-(,! 3%#1"/5(5] 6"( $%!5!/,7*,& P/+/,1( 5"$%+7
,$! P( #(4$#!(7 /5 / =*/P*+*!Y] F! *5 >"(, !*!+( *5 !#/,5<(##(7 !$ Y$% !"/!
Y$% 5"$%+7 #(4$#! !"( @("*1+( %,7(# Q("*1+(5 /,7 4#$@*7( <%++ 7(!/*+5
/,7 !/U( $%! !"( 1$##(54$,7*,& (,!#Y <#$- ?S%*!Y *, F,5!/++-(,!
3%#1"/5(5]
B$>(@(#N *, 1/5( $< <*,/,1*,& /##/,&(-(,!5 >"(#( !"( Q("*1+( *5
/+#(/7Y #(&*5!(#(7 *, Y$%# ,/-( /5 Y$% 4/Y <$# !"( <*,/,1*,& -$,!"+YN
/,7 / -$#!&/&( *5 1$,5!*!%!(7 $, !"( Q("*1+(N Y$% 7(1+/#( !"( Q("*1+(
%,7(# !"( !/P+( ;(/+ 3#$4(#!*(5 /,7 Q("*1+(5N /,7 #(4$#! !"( -$#!&/&(
/5 / )$#!&/&( 3/Y/P+(]
[,'&1")+&I
) "@$9%#'( 9# 9..'$ 1%$: 9 =9%, 49,2'$ -9/&' "= P:PXC7CCC
9$ #" ;".$N .:"&/( ) .$%// (';/9,' %$> 6"1 (" ) (';/9,' %$>
Lven il you obtaineo the asset at no cost (e.g. it was oonateo to
you or is being helo in trust by you), you shoulo oeclare the item ano
check the appropriate box. Put in the lair market value as the
acquisition cost.
!
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) +&,;:9.'( 9 :"&.' 9#( /"$ "# %#.$9//4'#$7 9#( $%$/' 1%//
"#/0 $,9#.=', $" 4' &+"# =&// +904'#$5 I:"&/( ) (';/9,' $:'
:"&.' 9#( /"$ 9. 40 9..'$ #"1 &#(', Y'9/ P,"+',$0>
Since title has not translerreo to you as you continue to pay lor
the property, you shoulo not oeclare the house ano lot as real property
yet. Insteao, your total payments, or what is calleo as equity, shoulo
be reporteo as Lquity in Installment Purchases unoer ther Personal
Property. Lven though your contract to purchase the property may be
registereo with the register ol oeeos (ano is therelore a real right,
constituting real property unoer the Civil Cooe), lor unilormity ol
treatment with other assets acquireo by installment purchase, the
amount ol the equity shoulo be reporteo as Lquity in Installment
Purchases unoer ther Personal Property.
The outstanoing balance on your purchase shoulo not be rellecteo
as a Liability.
However, once you make )/++ payment lor the house ano lot, ano
title translers to you, then you shoulo oeouct the total amount ol all
payments maoe lor the house ano lot lrom Lquity in Installment
Purchases, ano make a new entry lor House ano Lot unoer Real
Property in the AL, inoicating the lull amount ol the acquisition cost
ol the house ano lot, as well as the other requireo oetails.
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4. Improvements to Real Property: In case ol improvements introouceo into
Real Property which must be capitalizeo, make separate entries lor each
improvement maoe. The assesseo value may be obtaineo lor each phase ol
improvement, or lor the whole structure, oepenoing on the recoros ol the
local assessor`s ollice.
MU MK
'a=C7:6I
I bought a lot in 200 ano constructeo a house in the same year.
In 200S, I constructeo an extension ol the house. How oo I report
this` The House ano Lot can be oeclareo in a single entry lor 200, in
the BL to be submitteo on April ?0, 200S. n the other hano, the
Builoing/Improvement which was constructeo in 200S shoulo be
reporteo in the AL oue on April ?0, 200. The estimateo lair market
value can be separately maoe lor each entry, or you may choose to
combine the same into one single entry. The Assesseo Value can be
separately maoe lor each entry, or you may choose to combine the
same into one single entry, oepenoing on the inlormation available
lrom the local assessor`s ollice.
!
5. When to Leclare Investments ano ther Personal Properties: Leclaration ol
Investments ano ther Personal Properties is requireo only il a particular
item has a lair market value ol PhP50,000 or more as ol the oate ol
oeclaration.
Ior inoivioual items not satislying the PhP50,000 materiality test, the
oeclarant lurther evaluates the same to oetermine whether the aggregate
value ol all these items reaches a secono thresholo amount that is
PhP100,000, in which case, an itemizeo oisclosure is eventually requireo.
However, il the aggregate amount ol these items each with a lair market
value below PhP50,000 ooes not exceeo PhP100,000, these items may be
groupeo together as thers, ano the total amount therelor inoicateo.
Alternatively, il the aggregate amount ooes not exceeo PhP100,000, the
oeclarant may opt NT to oeclare these items at all.
The lollowing process llow may be useo as a guioe in oetermining whether
or not to oeclare an item ol Investment or ther Personal Property:
W?a LI
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-/#U(! @/+%( 9K)Q:
$< /, /55(! /5 $<
7(1+/#/!*$, 7/!(
K)Q *5
3e\V $#
-$#(f
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!"( *!(-5 <$#
<%#!"(# (@/+%/!*$,
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*,7*@*7%/+ K)Q $<
3e\V $# +(55
6$!/+ *5
3R\\V $#
-$#(f
;(4$#! !"( /55(! *, *!5
#(54(1!*@( /55(! 1/!(&$#Y
/,7 !"( #(+/!(7 9;O&%.%$%"#
;".$ $, 7(1+/#/!*$, 7/!(
;(4$#! *, +%-4
5%- /5 gA!"(#5hN
$# ,$! #(4$#! /!
/++
+)1'I 6"( ,$,27(1+/#/!*$, $< 4#$4(#!*(5 (/1" >*!" </*# -/#U(! @/+%(
+(55 !"/, 3"3 e\N\\\ *5 $,+Y /, $4!*$,] 6"( (-4+$Y(( -/Y /+5$ 1"$$5(
!$ 7(1+/#( 0== $< "*5 /55(!5N (@(, *< !"( </*# -/#U(! @/+%( $< (/1" *5 +(55
!"/, 3"3e\N\\\]
6. Partial Payments lor Investments ano ther Personal Properties: When you
acquire an Investment Item or ther Personal Property through partial
payments, you must oeclare the total payments so lar maoe. There are
specilic entries lor partial payments in the lollowing cases where you must
inoicate the amount ol your payments maoe:
Stocks
Private insurance
Loucational plans
Pre-neeo plans
"
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4/Y*,& <$# !"#$%&" *,5!/++-(,! *5 ,$! /-$,& !"$5( (,%-(#/!(7 /P$@(N
-/U( Y$%# (,!#Y %,7(# !"( &(,(#/+ /11$%,! g?S%*!Y *, F,5!/++-(,!
3%#1"/5(5]h J$% 1/, /+5$ %5( !"*5 (,!#Y <$# 4/Y-(,!5 -/7( <$# ;(/+
3#$4(#!*(5 /,7 Q("*1+(5 !"#$%&" *,5!/++-(,!N %,!*+ 5%1" !*-( !"/! <%++
4/Y-(,! *5 -/7( /,7 !*!+( !#/,5<(#5 !$ Y$%]
. Acquisition ano Lisposal ol Assets Within the Same Year: When you buy an
asset, ano sell or liquioate it within the same year, you are no longer requireo
to oeclare it as an asset since it is no longer existing as ol Lecember ?1, or
as ol the oate ol reporting. You are, however, requireo to oeclare the gain
arising lrom the sale unoer Annual Gross Iamily Income.
S. Trust Arrangement: You must oeclare assets which are helo as trustee, trustor,
or beneliciary unoer a trust agreement. A trust is an arrangement where
property is registereo in the name ol one person (legal owner) but is, in
truth, owneo by another person (benelicial owner). A trust may also be
oelineo as an arrangement where a trustor (a person who establishes a
trust) reposes conlioence in a trustee as regaros property lor the benelit ol
the trustor or ol another person (beneliciary).
. Special Contracts: However, you must be able to oistinguish a trust agreement
lrom special contracts, such as a loan/mutuum, commooatum, ano oeposit.
"
NP NL
.1 In a loan, a party oelivers money or other consumable thing, ano an
ioentical thing ol the same kino ano quality shall be useo to pay back
the loan. Ior example, a loan ol money requires that the same amount
ol money, plus interest perhaps, shall be returneo by the oebtor to the
creoitor. In a loan, ownership ol the object vests in the borrower. In
Iilipino, this is known as "pautang`.
.2 In a commooatum, a party oelivers something which is not consumable
to be useo lor a certain time or a particular purpose, with the obligation
to return the very same thing. In commooatum, ownership remains
with the person lenoing the thing. In Iilipino, this is known as "pahiram`.
.? In a oeposit, a party receives a thing belonging to another with the
obligation ol salely keeping ano returning it. In a oeposit, ownership
remains with the person who is having the thing kept by another. In
Iilipino, this is known as "patago`.
The oetermination ol the type ol contract applicable to the arrangement
will oepeno on the agreement ol the parties, provioeo the same is not
contrary to law.
'c.*0$'&I
Your sister works as an overseas Iilipino worker (IW). She gave you
PhP2M to buy an agricultural lano which you can toil while she is away.
You register the property in your name to lacilitate the sale. You must
oisclose this property, even il it is really owneo by your sister. Being a
trust arrangement, the acquisition cost is the lair market value.
You put a vehicle you own in the name ol your brother, to enable him to
get a visa. The vehicle is registereo in his name. You must oisclose this
property, even il it is registereo in the name ol your brother, because you
really own it.
Your mother lenos you PhP20,000 which you put in your bank account.
This is a loan, ano the amount must be oeclareo as an asset - cash (when
the amount still exists as ol oeclaration ol oate), ano also as a liability,
which you must pay back to your mother (loan).
You have a weooing to atteno, ano you borroweo your sister`s oiamono
earrings to wear to the reception. You neeo not oeclare the earrings as an
asset, because your sister continues to be the owner thereol
(commooatum).
Your brother was given an assignment by his company abroao, ano he
will be away lor a lew months. In the meantime, he requesteo you to
keep his car in your house, so that you can watch over it. You neeo not
oeclare the vehicle, because your brother continues to be the owner ol
the car (oeposit).
('.$ 0()0'(1"'& .+2 #'-"!$'&
[86B>;?@I
L@(& *9 ?2B" 2) (4J/*9*&*2%M This relers to the manner by which the
property came to be owneo by you, your spouse, or your chilo.
You must oescribe how you, your spouse, or your chilo, acquireo the
property. There are various mooes ol acquisition.
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'a=C7:6B ?A *?E6 ?A .<X8;B;>;?@
Purchase
Lonation
Inheritance
Trust
Lxchange
As a consequence ol contracts (Traoition) - examples are lease,
pleoge, oeposit, purchase or sale (whether paio in installment or
cash)
ccupation - when you seize corporeal/physical things, lano
cannot be acquireo by occupation
Intellectual creation - through intellectual property ownership
as when you are author ol literary work, composer ol music,
painter, sculptor, scientist
Law - automatically vests ownership over a property when
requisites are met as in the case ol hiooen treasures or lruits
naturally lalling lrom a tree upon an aojacent lano
Prescription - through lapse ol time as provioeo by law
NM NN
('.$ 0()0'(1"'&
In general, real property is any property that is immovable such as lano,
builoings, trees ano plants that are attacheo to the lano, any property, painting,
animal houses or objects that are attacheo to an immovable in a lixeo or
permanent manner, machinery which you inteno to use in a builoing or lano,
mines, oocks ano contracts lor public works .
<:9$ %4+,"-'4'#$. "# ,'9/ +,"+',$0 .:"&/( ) (';/9,'>
Any improvement that increases the value ol your real property
must be oeclareo. Repairs ano maintenance that only restore/maintain
the value or conoition ol your real property oo not neeo to be oeclareo.
+)1'I ;(-(-P(# !"/! Y$% -%5! 7(1+/#( *,1$-( 7(#*@(7 <#$- ;(/+
3#$4(#!*(5 /5 4/#! $< Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-( 9(]&] #(,!/+ *,1$-(N
5/+( $< <#%*!5 <#$- / 4+/,!/!*$,N %5( $< (S%*4-(,! *, P%5*,(55N 4#$1((75
<#$- 5/+( $< #(/+ 4#$4(#!*(5:]
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'a=C7:6B ?A (6=: 0F?76F>;6B
Vacant Lot (whether resioential, commercial, agricultural,
inoustrial, etc.)
House ano Lot
Improvements
Printing press equipment attacheo to the grouno
Conoominium unit
Townhouse
Iruit plantation
Real rights over immovables
+)1'I B$>(@(#N ,$!( !"/! *, 1/5( $< 4%#1"/5( PY *,5!/++-(,! $<
*--$@/P+(5N !"( (S%*!Y /,7 /-$#!*i/!*$,5 5$ </# 4/*7 5"$%+7 P( 7(1+/#(7
/5 ?S%*!Y *, F,5!/++-(,! 3%#1"/5(5 %,7(# A!"(# 3(#5$,/+ 3#$4(#!YN #/!"(#
!"/, ;(/+ 3#$4(#!Y 9(@(, *< !"( 1$,!#/1! -/Y P( #(&*5!(#(7 >*!" !"( #(&*5!(#
$< 7((75:] F! *5 $,+Y >"(, !"( ;(/+ 3#$4(#!Y *5 <%++Y 4/*7 /,7 !*!+( !#/,5<(#5
!$ !"( P%Y(# !"/! !"( 4#$4(#!Y *5 7(1+/#(7 /5 / ;(/+ 3#$4(#!Y *, !"( C0=D]
[86B>;?@BI
<:9$ %. $:' /";9$%"# "= $:' ,'9/ +,"+',$0 $:9$ ) 4&.$ ,'+",$>
The city or municipality where the property is locateo, incluoing
the province.
6"1 (" ) ('$',4%#' $:' '.$%49$'( =9%, 49,2'$ -9/&' "= ,'9/
+,"+',$0>
The lair market value ol real property is that amount which a willing
buyer ano a willing seller can agree on as the purchase price ol the
property. You can reler to historical oata, such as sales transactions ol
real properties, in the same vicinity.
6"1 (" ) ('$',4%#' $:' 9..'..'( -9/&' "= ,'9/ +,"+',$0>
You can inquire lrom the Assessor`s llice, the local Treasurer, or
the Sanggunian in your locality lor the assesseo value ol your real property.
#'-"!$'&
A vehicle is any motorizeo object useo lor transporting people or gooos
over air, water, or lano, which requires registration with the requisite
Government agencies.
[86B>;?@BI
<:9$ ("'. $0+' "= -':%;/' 4'9#>
This relers to the make ano mooel ol the vehicle. (e.g. Honoa
CRV 200, Toyota Camry 2005)
<:9$ ("'. ;',$%=%;9$' "= ,'8%.$,9$%"# 4'9#>
This relers to the number ol the certilicate ol registration ol the
vehicle.
<:9$ ("'. +/9;' "= ,'8%.$,9$%"# "= -':%;/' 4'9#>
This relers to the Government agency which issueo the certilicate
ol registration lor the vehicle - e.g. LT lor lano, MARINA lor water,
ano AT lor air. In the case ol the LT, incluoe the branch which
issueo the registration.
'a=C7:6B ?A #65;<:6B
Car
Van
Motorcycle
Tricycle
Mopeo (a lightweight motorcycle)
Helicopter
Speeoboat
Yacht
NO NJ
2? @?> F67?F> =B `65;<:6I B<??>6FB ^A??>9?=FE C?8@>6E ?@ >S? S566:B =@E
= :?@H B>66F;@H 5=@E:6] 8B6E =B = >?Y] 6`6@ ;A >56 B=C6 C=Y 96 C?>?F;e6E_
B;@<6 >56B6 E? @?> @66E >? 96 F6H;B>6F6E S;>5 >56 $1)R -?S6`6F] ;A >56 A=;F
C=FG6> `=:86 ?A >56 B<??>6F ;B 050JP]PPP ?F C?F6] >5;B C8B> 96 F67?F>6E
=B )>56F 06FB?@=: 0F?76F>Y
+)1'I ;(-(-P(# !"/! Y$% -%5! 7(1+/#( *,1$-( 7(#*@(7 <#$- Q("*1+(5 /5 4/#! $<
Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-( 9(]&] #(,!/+ *,1$-(N 4#$1((75 <#$- 5/+( $<
@("*1+(5]
(6C;@E6F A?F (6=: 0F?76F>Y =@E #65;<:6B
Il anyone ol you, your spouse, or chilo acquireo Real Property or Vehicles,
regaroless ol amount (even il you may have acquireo the same at no cost, such
as lrom a oonation or trust arrangement), you have to oeclare these assets
existing as ol oeclaration oate. Il you acquireo it at no cost to you, put in the
Acquisition Cost equivalent to the lair market value.
Lxample: My wile`s parents gave her a parcel ol lano as a gilt. How oo
I oeclare the acquisition` Leclare the Acquisition Cost equivalent to
the lair market value ol the lano.
The Real Properties ano Vehicles that you neeo to oeclare are those acquireo
within the reporting perioo ano existing as ol the oate ol oeclaration. So il you
acquireo a Real Property or a Vehicle but liquioateo it in the same year, you
neeo not oeclare this since it no longer exists as ol the oate ol oeclaration.
('*"+2'(I O"*+( !"( ;(/+ 3#$4(#!Y /,7_$# Q("*1+( P$%&"! /,7 5$+7 >*!"*, !"(
5/-( Y(/# *5 ,$! #(4$#!(7 P(1/%5( *! ,$ +$,&(# (Z*5!5 /! 7/!( $< 7(1+/#/!*$,N /,Y
*,1$-( <#$- !"( 7*54$5/+ -%5! P( 1$-4%!(7 *, !"( 0,,%/+ E#$55 K/-*+Y F,1$-(N
*, /,Y 1/5(]
"+#'&1*'+1&
An Investment is an arrangement where a person puts in money in an
unoertaking in expectation ol prolits
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!'a=C7:6B ?A "@`6B>C6@>B
Stocks
Bonos
Mutual lunos
Trust lunos
Insurance policies
Loucational plans
Pre-neeo plans
Time oeposits
Money market placements
Lquity in partnerships
ptions (money paio to reserve a right to purchase or invest)
Share in joint ventures
(6C;@E6F A?F "@`6B>C6@>B
Il anyone ol you, your spouse, or chilo acquireo Investments with a
lair market value ol PhP50,000 or more (even il you may have
acquireo the same at no cost, such as lrom a oonation), you have to
oeclare each ol these Investments existing as ol oeclaration oate. Il
you acquireo it at no cost to you, put in the Acquisition Cost
equivalent to the lair market value.
"
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+)1'I
?@(, *< Y$% -/Y "/@( -/7( 5(@(#/+ /1S%*5*!*$,5 /,7 +*S%*7/!*$,5
$< !"( 5/-( F,@(5!-(,! *!(- *, !"( 1$%#5( $< $,( Y(/#N *! *5 $,+Y
!"( /1!%/+ </*# -/#U(! @/+%( $< !"( F,@(5!-(,! *!(- (Z*5!*,& /!
!"( 7/!( $< 7(1+/#/!*$, >"*1" Y$% -%5! 7(!(#-*,( <$# 4%#4$5(5
$< 7(1+/#/!*$,]
;(-(-P(# !$ *,1+%7( /,Y /-$%,! $< #(!%#,5 <#$- F,@(5!-(,!5 *,
1/5" /5 4/#! $< Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-(N /,7 /1!%/+
./5" (Z*5!*,& /5 $< 7/!( $< 7(1+/#/!*$, /5 ./5" $, "/,7_L/,U
011$%,!5 /5 /, /55(!]
The Investments that you neeo to oeclare are those acquireo within
the perioo ol reporting ano existing as ol the oate ol oeclaration.
NQ NT
So il you acquireo an Investment but liquioateo it in the same year, you
neeo not oeclare this since it no longer exists as ol the oate ol oeclaration.
('*"+2'(I O"*+( !"( F,@(5!-(,! *!(- P$%&"! /,7 5$+7 >*!"*, !"( 5/-( Y(/# *5
,$! #(4$#!(7 P(1/%5( *! ,$ +$,&(# (Z*5!5 /! 7/!( $< 7(1+/#/!*$,N /,Y *,1$-( <#$-
!"( +*S%*7/!*$, -%5! P( 1$-4%!(7 *, !"( 0,,%/+ E#$55 K/-*+Y F,1$-(N *, /,Y
1/5(]
[86B>;?@BI
6"1 (" ) ,'+",$ %#-'.$4'#$. 1:%;: :9-' "#/0 @''# +9,$%9//0 +9%(>
It coulo be reporteo either as Lquity in Installment Purchases or classilieo
as the particular asset bought, as lollows:
Stocks
Private insurance
Loucational plans
Pre-neeo plans
The amount paio lor the year shoulo be entereo as the acquisition cost.
+)1'I ;(-(-P(# !"/! Y$% -%5! 7(1+/#( *,1$-( 7(#*@(7 <#$- F,@(5!-(,!5 /5
4/#! $< Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-( 9(]&] 7*@*7(,75N #(!%#,5N *,!(#(5!N
7(-%!%/+*i/!*$, #(!%#,5N 4#$<*! <#$- 8$*,! @(,!%#(5 /,7 4/#!,(#5"*45:] J$% -%5!
/+5$ 7(1+/#( /,Y *,1$-( &/*,(7 <#$- 7*54$5/+5 $< F,@(5!-(,!5 *, !"( 0,,%/+
E#$55 K/-*+Y F,1$-(]
)1-'( 0'(&)+.$ 0()0'(1"'&
In general, 1"'92%(+ 1'21"'&> is any property that is movable or can be
transporteo lrom place to place. Investments are also personal property, but
shoulo be oeclareo separately.
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'a=C7:6B ?A )>56F 06FB?@=: 0F?76F>;6B
Cash ano Bank accounts
Receivables
Leposits/aovanceo payments on leases/rentals
Iurniture
Antiques
Lquity in installment purchases
Intellectual property
Club memberships
(6C;@E6F A?F )>56F 06FB?@=: 0F?76F>;6B
Il anyone ol you, your spouse, or chilo acquireo ther Personal
Properties with a lair market value ol PhP50,000 or more (even il
you may have acquireo the same at no cost, such as lrom a
oonation), you have to oeclare each ol these properties existing as
ol oeclaration oate. Il you acquireo it at no cost to you, put in the
Acquisition Cost equivalent to the lair market value.
"
!
+)1'I ?@(, *< Y$% -/Y "/@( -/7( 5(@(#/+ /1S%*5*!*$,5 /,7
+*S%*7/!*$,5 $< !"( 5/-( !Y4( $< A!"(# 3(#5$,/+ 3#$4(#!Y *, !"(
1$%#5( $< $,( Y(/#N *! *5 $,+Y !"( /1!%/+ </*# -/#U(! @/+%( $< !"(
A!"(# 3(#5$,/+ 3#$4(#!Y (Z*5!*,& /! !"( 7/!( $< 7(1+/#/!*$, >"*1"
Y$% -%5! 7(!(#-*,( <$# 4%#4$5(5 $< 7(1+/#/!*$,]
The ther Personal Properties acquireo ouring the perioo ol reporting
that you neeo to oeclare are those existing as ol the oate ol
oeclaration. So il you acquireo ther Personal Properties but
liquioateo it in the same year, you neeo not oeclare this since it no
longer exists as ol the oate ol oeclaration.
('*"+2'(I O"*+( !"( A!"(# 3(#5$,/+ 3#$4(#!Y P$%&"! /,7 5$+7
>*!"*, !"( 5/-( Y(/# *5 ,$! #(4$#!(7 P(1/%5( *! ,$ +$,&(# (Z*5!5
/! 7/!( $< 7(1+/#/!*$,N /,Y *,1$-( <#$- !"( +*S%*7/!*$, -%5! P(
1$-4%!(7 *, !"( 0,,%/+ E#$55 K/-*+Y F,1$-(N *, /,Y 1/5(]
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6"1 (" ) $,'9$ %#.$9//4'#$ +&,;:9.'.>
There are some things that you oo not pay lor in lull right away, such as
when you purchase something by installment. When you purchase an asset in
installment, you neeo to oeclare the amounts that you have so lar maoe. But
you oo not neeo to oeclare the outstanoing balance as a Liability.
Ior example, when you purchase a lot by installment, you oeclare as Lquity
in Installment Purchases the total amount you have so lar paio lor the lot.
The same rule applies even il the asset purchaseo is personal property, e.g.
a car or jewelry.
Ior certain Personal Property, a specilic entry can be maoe, lor the lollowing
items paio in installment:
Stocks
Private insurance
Loucational plans
Pre-neeo plans
Whether the thing being purchaseo on installment is Real or Personal
Property, the equity that you have so lar paio is what shoulo be reporteo as an
asset.
nce you have lully paio lor the property, then you may transler the item
lrom the general category ol Lquity in Installment Purchases to say, Jewelry, or
Real Property, as appropriate.
What are oeposits/aovanceo payments on leases/rentals` When you lease
out property, incluoing Real Property, it is the practice that you collect oeposits
ano aovance payments lor the lease. These amounts shoulo be oeclareo as an
asset.
6"1 (" ) ,'+",$ %#$'//';$&9/ +,"+',$%'. $:9$ ) :9-' ;,'9$'(>
At the time that you create your intellectual property, it may not yet have
a market value ano so you neeo not oeclare it because the thresholo amount ol
PhP50,000 is not reacheo. However, when your creation starts getting
recognizeo (e.g. the copyright to your song composition is bought), then that is
the time it will have a market value alreaoy, ano il such amount reaches
PhP50,000, that is the time that you shoulo report it.
!
What the acquisition cost is woulo oepeno on the oirect costs you incurreo
in creating it (e.g. materials), as well as expenses in registering your intellectual
property right or protecting it (liling lees, lawyers` lees). Il nothing was incurreo
in creating it (e.g. a play) ano the cost lor liling it with the National Library or
the Intellectual Property llice is insignilicant, then the make the acquisition
cost equivalent to the lair market value.
6"1 (" ) ,'+",$ %#$'//';$&9/ +,"+',$%'. $:9$ ) :9-' +&,;:9.'( T#"$
;,'9$'(U7 /%2' $:' ,%8:$. $" $:' +9$'#$ "= 9# %#-'#$%"#>
You can incluoe as part ol your acquisition cost the purchase price ol the
patent lor the invention.
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4#$4(#!*(5 /5 4/#! $< Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-(]
) :9-' 9# GKEMZY @9#2 9;;"&#$ 1%$: 40 =,%'#(N $" 1:9$ 'Q$'#$ $"
) (';/9,' $:' 94"&#$ %# $:' @9#2>
Leclare the lull amount in the bank account.
) :9-' 9# GKE @9#2 9;;"&#$ 1%$: 40 =,%'#(N $" 1:9$ 'Q$'#$ $" )
(';/9,' $:' 94"&#$ %# $:' @9#2 9;;"&#$>
Since this is an ANL bank account with your lrieno, you are consioereo
joint owners, with equal shares. Hence, you neeo to oeclare only hall ol the
amount in the bank account.
"
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?A =H6 :;`;@H ;@ Y?8F 5?8B65?:ER
Lach item ol Liability ol the oeclarant, spouse, ano chiloren living in
householo with an outstanoing balance ol PhP50,000 or more as ol
oeclaration oate must be reporteo by checking the appropriate box ano
entering the amount ol the outstanoing balance.
Il an item is less than PhP50,000, pool all such items together ano il
the aggregate value exceeos PhP 100,000, these items must be listeo
even il the inoivioual items are valueo at less than PhP 50,000. But il
the aggregate value ooes not exceeo PhP 100,000, you may oeclare
these items collectively as "thers`, or you may opt not to oeclare
these items at all since these are not consioereo material.
The lollowing process llow may be useo as a guioe in oetermining
whether or not to oeclare an item ol Liability:
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J(5
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?,7
D$
C!/#!
=*/P*+*!Y
P/+/,1( *5
3e\V $#
-$#(f
6(-4$#/#*+Y
4/#U !"( *!(-5
<$# <%#!"(#
(@/+%/!*$,
G(!(#-*,( !"( !$!/+
$< !"( *!(-5 >*!"
*,7*@*7%/+ AL $<
3e\V $# +(55
6$!/+ *5
3R\\V $#
-$#(f
;(4$#! !"( +*/P*+*!Y *, *!5
#(54(1!*@( +*/P*+*!Y 1/!(&$#Y
/,7 !"( #(+/!(7 "&$.$9#([
%#8 @9/9#;' 9AL: /5 $<
7(1+/#/!*$, 7/!(
;(4$#! *, +%-4
5%- /5 gA!"(#5hN
$# ,$! #(4$#! /!
/++
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In general, your liabilities have the character ol oebts ano obligations, ano
you are unoer a conoition where you are outy-bouno to perlorm an act
immeoiately or in the luture. Liabilities are liquioateo oebts or claims lor
which one is or can be maoe liable ano is legally bouno to give. A liability is
some probable luture sacrilice ol economic benelit arising lrom a present
obligation ol the oeclarant to transler assets or provioe services to other entities
in the luture as a result ol past transactions or events.
Your creoitor may be a person, group or persons or company to whom
payment is oue.
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Personal loans
Bank loans
Accounts payables
GSIS, PAG-IBIG loans
Mortgage payables
Surety liabilities
Guaranty liabilities
Juogment oebts
Loans lrom other institutions
3?8 E? @?> @66E >? F67?F> >=a6B =@E A;@6B ;@ >56 &.$+R
[,'&1")+&I
) :9( 40 ;9, =%Q'( 9#( ) 94 @'%#8 ;:9,8'( P\C7CCC =", $:'
,'+9%,7 1:%;: ) :9-' #"$ +9%(5 E" ) #''( $" ,'+",$ $:%.>
Yes, you neeo to report this liability because the service has alreaoy
been perlormeo ano you are obligateo to pay lor the same.
) 94 #"$ 9@/' $" +90 =", 40 ;,'(%$ ;9,( @%//.5 E" ) #''( $"
,'+",$ $:%.>
Yes, since you have alreaoy purchaseo the items ano are obligateo
to pay lor the same.
) 94 #"$ 9@/' $" +90 =", &$%/%$%'. [ '/';$,%;%$0 9#( 19$',5 E" )
#''( $" ,'+",$ $:%.>
Yes, since the service has alreaoy been perlormeo, ano you are
obligateo to pay lor the same.
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) 94 9 .&,'$0M;"[492',M8&9,9#$", =", $:' /"9# "= 40 =,%'#(N :"1
(" ) ,'+",$ $:%.>
Il you are a surety or co-maker, you are consioereo a principal oebtor so
you have to report the outstanoing balance ol the loan ol your lrieno because
you can be helo liable lor this amount.
However, il you are merely a guarantor, you neeo not oeclare the amount,
until such time that your lrieno has oelaulteo in payment ano the creoitor has
maoe a oemano upon you to pay the oebt.
When you have paio lor such amount in your capacity as surety or guarantor,
you may set up as an Asset, a Receivable, that amount which you paio ano can
collect lrom your lrieno.
) 94 (%.+&$%#8 $:' 94"&#$ @'%#8 ;:9,8'( 989%#.$ 4' @0 40 ;,'(%$",N
1:9$ 94"&#$ (" ) ,'+",$>
You can report the amount to the extent that the same is not oisputeo.
<:9$ 9,' L&(84'#$ ('@$.>
Lebts aojuogeo by a court with linality to be payable by you, your spouse,
or chiloren. These must be reporteo as Liabilities.
+'1 V)(1-
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-?S >? !?C78>6 +6> V?F>5 ;@ >56 W2
1. Aoo the Acquisition Cost ol all oeclareo Real Properties ano Vehicles
2. Aoo the Acquisition Cost ol all Investments
?. Aoo the Acquisition Cost ol all ther Personal Properties
4. Leouct the outstanoing balance ol all Liabilities lrom the sums ol 1, 2,
ano ?
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) :9-' 4",' /%9@%/%$%'. $:9# 9..'$.]
How oo I rellect this` Report this as a negative value by
parenthesizing the amount (xxx).
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/11$-4+*5" !"( LG] J$% 7$ ,$! ,((7 !$ 1$-4%!( Y$%# D(! O$#!" *, !"(
0G *, 5%11((7*,& Y(/#5]
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?A =H6 :;`;@H ;@ Y?8F 5?8B65?:E
8/9*%"99 D%&"'"9& is any existing interest in any business enterprise or entity,
whether as proprietor, investor, promoter, partner, shareholoer, ollicer, managing
oirector, executive, creoitor, owner, among others, '*&" 6% #70#.&6&*(% (8 )#&1)%
(% .60*&6, 6%2 *%21+&)9:+#);*.#+ <8() 0)(8*&=.
F*%(%4*(+ G2%%"4&*2% is any existing connection with any business
enterprise or entity, whether as lawyer, legal consultant or aoviser, linancial or
business consultant, accountant, auoitor, ano the like, '*&" 6% #70#.&6&*(% (8
)#/1%#)6&*(% 8() +#);*.#+.
You must report all positions outsioe the Government helo at any time
ouring the reporting perioo, whether you get paio lor this or not. Ior any business
interest or linancial connection, report its name, location or aooress, nature ol
business/oescription ol activity ano/or linancial connection ano oate ol
acquisition or connection.
Positions incluoe an ollicer, oirector, trustee, general partner, shareholoer,
managing oirector or executive, creoitor, lawyer, legal consultant or aoviser,
proprietor, representative, executor, employee, linancial or business consultant,
accountant, auoitor, investor, promoter.
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PLLT, Makati City, Boaro ol Lirector, 2000
Jinky`s Iraming Services, Lagro Suboivision, Quezon City,
Proprietor, 1S
Zeny`s Sari-Sari Store, Iairview Suboivision, Quezon City,
Proprietor, 2004
2? +?> (67?F>I C"/#("$+7*,&5 *, / 5!$1U 1$#4$#/!*$, >"*1" 7$ ,$!
(,!*!+( Y$% !$ / 5(/! *, !"( L$/#7 $< G*#(1!$#5] J$% 5"$%+7 #(4$#! !"*5 /5
/, F,@(5!-(,! F!(- *,5!(/7]
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!?@@6<>;?@B
Il anyone ol you, your spouse, or chilo createo Business Interests ano
Iinancial Connections with annual gross receipts ol PhP50,000 or more, you
have to oeclare each ol these new Business Interests ano Iinancial Connections
existing as ol oeclaration oate.
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!"#$ &' $"( )&**(+(,-( .($/((, 0$1-2' 3,)(+ 4,5('$6(,$ 4$(6 #,)
73'&,('' 4,$(+('$'8 Lntries unoer Investments reler to mere placement ol
money.
n the other hano, entries unoer Business Interests ano Iinancial
Connections, while the same may incluoe placement ol money, 6,+( *%.,12#+
9(1) 0#)8()/6%.# (8 0#)+(%6, +#);*.#+ 8() &"# >1+*%#++? 6+ ('%#)? /6%6-#)?
+"6)#"(,2#)? 2*)#.&()? &)1+&##? 06)&%#)? .(%+1,&6%&? #/0,(9##? #&.5
When it is a corporation that you have shareholoings in, ano where you also
renoer personal services, that you shoulo report this both as an asset (Stocks),
ano as a Business Interest.
+)1'I ;(-(-P(# !"/! Y$% -%5! 7(1+/#( *,1$-( 7(#*@(7 <#$- L%5*,(55 F,!(#(5!5
/,7 K*,/,1*/+ .$,,(1!*$,5 /5 4/#! $< Y$%# 0,,%/+ E#$55 K/-*+Y F,1$-( 9(]&]
5/+/#YN /++$>/,1(5N "$,$#/#*/N 7*@*7(,75N #(!%#,5:
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>56 A?8F>5 E6HF66 ?A <?@B=@H8;@;>Y ?F =AA;@;>Y S5? =F6 S?FG;@H ;@ >56
/?`6F@C6@> E8F;@H >56 F67?F>;@H 76F;?E] ;@<:8E;@H 9;:=B] ;@B?] =@E 9=:=6R
&>=>6 >56 @=C6B ?A >56B6 F6:=>;`6B] F6:=>;?@B5;7] >56;F 7?B;>;?@] =@E @=C6Z
=EEF6BB ?A >56;F ?AA;<6R
V5? .F6 (6:=>;`6B V;>5;@ 4?8F>5 26HF66 ?A !?@B=@b
H8;@;>Y ?F .AA;@;>Y
1. When counting the oegree ol relationship, make a oiagram ol your lamily.
Count one step until you reach a common ancestor, ano trace upwaros or
oownwaros until you get to the relative that you woulo like to oetermine
your relation to. The number ol steps to get lrom your position to the
position ol your relative constitutes the number ol oegrees.
2. Your relatives by consanguinity are your blooo relatives. Your relatives by
allinity are the blooo relatives ol your spouse.
$
+)1'I J$% -%5! /+5$ 7(1+/#( !"( 54$%5(5 $< Y$%# P+$$7 #(+/!*@(5N 4#$@*7(7
Y$% /#( !"(*# #(+/!*@(5 >*!"*, !"(*# <$%#!" 7(&#(( $< /<<*,*!Y 22 !"/! *5N Y$%
/#( !"( P+$$7 #(+/!*@(5 $< !"(*# 54$%5(
2) +)1 ('0)(1I ;(+/!*@(5 $< 54$%5(5 $< Y$%# P+$$7 #(+/!*@(5 9P(1/%5(
Y$%# #(+/!*$,5"*4 PY /<<*,*!Y (,75 >*!" !"( 54$%5( $< Y$%# P+$$7 #(+/!*@(5:
?. You ano your spouse constitute the same level in your lamily oiagram.
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E'8,'' "= !"#.9#8&%#%$0 M G==%#%$0_
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0%,! K/!"(#
C*5!(# R5! .$%5*, R5! .$%5*,
J$%_J$%#
C4$%5(
E#/,7</!"(#
C*5!(#
K/!"(#
D*(1(
E#/,75$,
J$%_J$%#
C4$%5(
^Q94+/'. "= Y'/9$%-'. <%$:%# $:' ?"&,$:
E'8,'' "= !"#.9#8&%#%$0 M G==%#%$0_
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Spouse (same oegree as you)
Chiloren, stepchiloren (1st oegree)
Parents, step parents (1st oegree)
Brothers ano sisters, incluoing hall brothers ano hall sisters (2no oegree)
Nephews ano nieces (chiloren ol brothers ano sisters) (?ro oegree)
Granoparents (2no oegree)
Granochiloren (chiloren ol chiloren) (2no oegree)
\ncles ano aunts (brothers ano sisters ol parents) (?ro oegree)
Iirst cousins (4th oegree)
In-laws (blooo relatives ol spouse) within the same oegree
In-laws (spouses ol blooo relatives), provioeo you are their relative within
their lourth oegree ol allinity - e.g., the wile ol your uncle, the husbano
ol your lirst cousin
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4&.$ @' (';/9,'(>
While the balae, bilas, ano inso may technically not be a relative within the
4th oegree ol allinity, you must oeclare these relatives in Government service
because RA61? specilically requires it, because ol the perceiveo usual closeness
with such relatives.
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Il a relative has been appointeo to the Government, oeclare such relative`s
name, relationship to you, position, ano name/aooress ol ollice, where such
relative remains in Government service as ol oeclaration oate.
+)1'I J$% -%5! #(4$#! /,Y S%/+*<*(7 #(+/!*@( *, E$@(#,-(,!N #(&/#7+(55 $< Y$%#
#(+/!*@(d5 4$5*!*$, !"(#(*,]
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This portion pertains to your certilication that your entries in the lorm are
complete ano true statements ol your assets, liabilities, net worth, business
interests, ano linancial connections, incluoing those ol your spouse ano your
chiloren below 1S years ol age living in your householo, as well as the names ol
your relatives in the Government. You also certily that apart lrom those
oeclareo, you have nothing else to oeclare.
You are also requireo to execute the necessary authority in lavor ol the
mbuosman or his ouly authorizeo representative to obtain ano secure lrom
all appropriate government agencies, incluoing the Bureau ol Internal Revenue,
such oocuments that may show such assets, liabilities, net worth, business
interests, ano linancial connections, incluoing those ol your spouse ano your
chiloren below 1S years ol age living in your householo covering previous years,
incluoing the year you lirst assumeo ollice in Government.
You will also neeo to unoertake to proouce all supporting oocuments lor
each ol the entries herein maoe when requireo. However, you are not requireo,
at the time ol submission ol your SALN, to proouce such oocuments. It is
when you receive a request to show the same, subsequent to your SALN
submission, that you must proouce such oocuments.
Iinally, you must personally subscribe ano swear to the contents ol your
SALN lorm belore a person authorizeo unoer the law to aominister oaths.
In case ol joint liling with your spouse who is in Government service,
please be sure that you ano your spouse sign the SALN lorm ano that you
provioe current ano correct Tax Ioentilication Numbers ano Community Tax
Certilicate oetails lor each. Both you ano your spouse must also personally
subscribe ano swear to the contents ol your SALN lorm belore a person
authorizeo unoer the law to aominister oaths.
#
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;A Y?8F B7?8B6 ;B @?> ;@ >56 /?`6F@C6@> B6F`;<6R
3?8 =:B? E? @?> @66E >? H6> >56 B;H@=>8F6 ?A Y?8F B7?8B6 ?@ >56
&.$+ ;A Y?8F B7?8B6 ;B ;@ >56 /?`6F@C6@> B6F`;<6 W,1 Y?8 S;::
@?> C=G6 = D?;@> A;:;@HR
JP JL
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) 94 #"$ 49,,%'(5 <:9$ '#$,0 (" ) #''( $" 492' %# $:' I$9$'4'#$
+",$%"# $" %#(%;9$' $:9$ ) :9-' #" .+"&.' 9#( $:9$ $:' .%8#9$&,'
+",$%"# =", $:' .+"&.' ("'. #"$ 9++/0>
Just put "N/A` in the portion on the Spouse`s Signature.
H0 .+"&.' %. 9@,"9( 9#( ) ;9##"$ 8'$ :%. .%8#9$&,' "# 40 IGJK
=",47 9#( 1' 19#$ $" 492' 9 L"%#$ =%/%#85 <:9$ .:"&/( ) (">
You must prepare your SALN lorm early ano secure your spouse`s signature
on the SALN lorm by senoing the oocument abroao lor his/her signature. Il
your spouse executes the SALN lorm abroao, he/she must also have the lorm
notarizeo ano authenticateo in the ollice ol a Philippine consul.
Il you cannot get the signature ol your spouse on your SALN, it will be
best lor you to make an inoivioual liling.
!
'(+,('($(%& +#0 5%#+' '(+,('($(%& +#0 5%#+' '(+,('($(%& +#0 5%#+' '(+,('($(%& +#0 5%#+' '(+,('($(%& +#0 5%#+'$(%& $(%& $(%& $(%& $(%&
You may note that you are not requireo to attach any oocuments to
vouch or substantiate the inlormation oiscloseo. However, the SALN
is maoe unoer oath. Ialsilication ol inlormation or lailure to lile or
report inlormation requireo to be reporteo may subject you to
oisciplinary/criminal action. Knowing ano willlul lalsilication ol
inlormation requireo to be reporteo may also subject you to criminal
prosecution.
Penalties unoer RA 61? may be any ol the lollowing:
Imprisonment - 5 years or less
Iine - PhP5,000 or less
Lismissal lrom the service.
+&&(&$ +&&(&$ +&&(&$ +&&(&$ +&&(&$+#!% (# +#!% (# +#!% (# +#!% (# +#!% (#
*(''(#. "1$ $-% &+'# *(''(#. "1$ $-% &+'# *(''(#. "1$ $-% &+'# *(''(#. "1$ $-% &+'# *(''(#. "1$ $-% &+'#
Il you neeo assistance in completing the SALN lorm, contact the
Integrateo Recoros Management llice (IRM) ol the CSC at
telephone numbers ?1-S1, ?1-S, ?2-22?, ano 51-462S, or
email queries to salninlo_csc.gov.ph.
JM JN
ACC\NTS PAYABLL relers to amounts oweo to suppliers in the oroinary course ol
business
ACC\NTS RLCLIVABLL relers to amounts oweo by customers in the oroinary
course ol business
ACQ\ISITIN CST relers to the amount paio in obtaining ownership over property.
Il property is acquireo gratuitously, as lrom a oonation, inheritance, trust, or winnings,
the acquisition cost is the lair market value. In the case ol purchases through payment
by installment, the acquisition cost rellects the amounts so lar paio, which entitles the
buyer to some rights over the thing purchaseo. In case ol non-monetary consioeration,
certain rules must be observeo in oetermining the acquisition cost.
AIIINITY is relationship by marriage. Relatives by allinity reler to the blooo relatives
ol one`s spouse
AMRTIZATINS reler to regular payments maoe to reouce a liability, or reouce
the cost ol asset to be purchaseo
ANN\AL GRSS IAMILY INCML in the SALN relers to the actual income ol the
oeclarant receiveo in cash ano non-cash lorm, combineo with those ol the spouse ano
chiloren below 1S years ol age living in the householo, il any, expresseo in Philippine
Pesos, ano incluoes ALL lorms ol remuneration/income/prolit/return, lrom whatever
source ano in whatever amount, incluoing gratuitous transactions which must be valueo
at lair market value
ASSLSSLL VAL\L ol real property relers to the value ol the property as stateo in
the recoros ol the local assessor in the Local Government \nit where the property
lies
ASSLTS relers to any property, anything which are or may be the object ol appropriation
or use, anything by which liabilities can be paio, anything ol value, any probable luture
economic benelit obtaineo or controlleo by the oeclarant as a result ol past transactions
or event
BALAL relers to the parents ol the husbano ano the wile. The parents ol the husbano,
ano the parents ol the wile, are mag-balae in relation to each other.
BANK LANS reler to loans obtaineo lrom a banking institution that usually require
collateral. The amount ol creoit that the bank will allow is a result ol the assessment
ol a oebtor`s capacity to pay in relation to income, job stability, employer`s creoibility
ano the collateral.
BILAS relers to the husbanos ol two sisters. Hence, il sister1 is marrieo to husbano1,
ano sister2 is marrieo to husbano2, where sister1 ano sister2 are blooo sisters, husbano1
ano husbano2 are mag-bilas in relation to each other.
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BNLS are instruments which represent a loan ol money to the government or a
company, where you can receive interest ano your principal back over a preoetermineo
perioo ol time
Typically, bonos have the lollowing characteristics
- Maturity value (amount to be paio to oebt holoer at maturity)
- Interest rate (specilies periooic interest payments)
- Maturity oate (when oebt obligation will be reoeemeo)
B\SINLSS INTLRLST is any existing interest in any business enterprise or entity,
whether as proprietor, investor, promoter, partner, shareholoer, ollicer, managing
oirector, executive, creoitor, owner, among others, with an expectation ol return on
capital ano inoustry/services (lor prolit).
CMMLAT\M is a special contract where movables ano immovables may be the
object, where a party oelivers something which is not consumable to be useo lor a
certain time or a particular purpose, with the obligation ol the recipient to return the
very same thing
CNSANG\INITY is relationship by blooo
LLCLARANT is the Government ollicial or employee lilling out the SALN
A LLPSIT is a sum ol money paio in aovance, e.g., in relation to a renteo or leaseo
item to ensure it is returneo in gooo conoition. A LLPSIT can also mean a special
contract where a party receives a movable belonging to another with the obligation ol
salely keeping ano returning it
LISPSITIN R LISPSAL ol assets is to transler ownership over property to
another by any means, whether by sale, oonation, or otherwise, incluoing the oestruction
or loss thereol
An LL\CATINAL PLAN is a package that assures customers the provision ol the
cost or part ol the cost ol eoucation when neeoeo, in consioeration ol an aovanceo
periooic payment which in sum will be less than what the policy will cover in the
luture
LQ\ITY IN INSTALLMLNT P\RCHASLS relers to the total amount paio to the
seller lor property being bought over time ano paio lor periooically in portions
LQ\ITY IN PARTNLRSHIP relers to an inoivioual partner`s share in a partnership`s
assets
The IAIR MARKLT VAL\L ol an asset is that amount which a willing buyer ano a
willing seller can agree on as the purchase price ol the property, in an oroerly lashion
IINANCIAL CNNLCTIN is any existing connection with any business enterprise
or entity, whether as lawyer, legal consultant or aoviser, linancial or business consultant,
accountant, auoitor, ano the like, with an expectation ol remuneration lor services
JO JJ
IINANCING is an arrangement where lunoing lor the acquisition ol property is
provioeo unoer mutually acceptable terms ano conoitions, at a cost to the person
obtaining the lunoing
GRSS amount means without oeouction ol any value
A G\ARANTY/S\RLTY LIABILITY is a lorm ol oebt incurreo when a person or
entity (calleo the surety or guarantor) agrees to be responsible lor the oebt or obligation
ol another (calleo the principal) in case ol oelinquency or oelault on the latter`s part.
Traoitionally, a guaranty is oistinguisheo lrom a surety in that the surety's liability is
joint ano primary with the principal, whereas the guaranty's liability is seconoary or
supplementary ano only arises when the principal oelaults.
H\SLHLL is a house ano its occupants regaroeo as a unit
IMPRVLMLNTS relers to structures which are permanent aooitions or intenoeo to
be permanent aooitions to a real property
INC\RRLNCL I LIABILITY is the creation ol a liability
INS relers to the wives ol two brothers. Hence, il brother1 is marrieo to wile1, ano
brother2 is marrieo to wile2, where brother1 ano brother2 are blooo brothers, wile1
ano wile2 are mag-inso in relation to each other.
An INS\RANCL PLICY creates a contract between the insureo (or policy holoer)
ano the insurer. In exchange lor periooic payments lrom the insureo (calleo premiums),
the insurer agrees to pay the policy holoer a sum ol money upon the occurrence ol a
specilic event or loss specilieo in his or her policy, i.e. car accioent, state ol illness,
oeath, reaching a certain age, etc.
INTLLLLCT\AL PRPLRTY relers to various legal rights which attach to certain
names, written ano recoroeo meoia, inventions, ano other creations. The holoer ol
these legal entitlements may exercise various rights in relation to the subject matter ol
the intellectual property
Lxamples:
Patent
Traoemark
Copyright
INVLSTMLNT an arrangement where a person puts in money in an unoertaking in
expectation ol prolits, without active operation ol business
A J\LGMLNT LLBT occurs when a creoitor, lenoer, oebt collector, attorney, or
some other party liles a lawsuit against you ano wins, ano a juogment is maoe against
you ano the court oroers you to pay a certain amount ol money to the claiming party
LIABILITILS have the character ol oebts ano obligations, ano you are unoer a conoition
where you are outy-bouno to perlorm an act immeoiately or in the luture. Liabilities
are liquioateo oebts or claims lor which one is or can be maoe liable ano is legally
bouno to give. A liability is some probable luture sacrilice ol economic benelit arising
lrom a present obligation ol the oeclarant to transler assets or provioe services to
other entities in the luture as a result ol past transactions or events
LIQ\ILATIN is conversion ol assets into cash, or payment ol a oebt in the case ol
liabilities
LAN is a special contract where a party oelivers money or other consumable thing,
ano where the recipient returns an ioentical thing ol the same kino ano quality, but
not the very same object initially oelivereo
MNLY MARKLT PLACLMLNTS reler to money investeo in money market.
Participants in the money market consist ol linancial institutions ano oealers in money
or creoit who wish to either borrow or leno lor short perioos ol time, typically up to
thirteen months.
Lxamples:
Treasury bills
Certilicate ol oeposits
Commercial paper
Prelerreo stock
A MRTGAGL PAYABLL relers to the oebt acquireo by using property (real property
or personal property) as security lor payment
A M\T\AL I\NL is a linancial intermeoiary that allows a group ol investors to pool
their money together in pursuit ol a preoetermineo investment objective. Mutual
lunos are oiversilieo investments manageo by a luno manager who help put money
into varieo investments such as stocks, bonos, money market, real estate, etc.
PTINS are contracts between a buyer ano a seller that give the right to buy or sell
something at a preoetermineo price on or belore a specilic oate
\TSTANLING BALANCL ol a liability or obligation is the remaining amount to be
paio on the principal amount
PLRSNAL LANS usually pertain to small sums ol money granteo by personal
acquaintances ano lrienos, lamily, employer, or are given by the bank on creoit, baseo
on your woro to repay or on account ol a gooo track recoro ol creoit ratings, without
collateral
PLRSNAL PRPLRTY, in general, is any property that is movable or can be
transporteo lrom place to place
A PRL-NLLL PLAN operates as lollows - you have a luture linancial neeo e.g. eoucation
ol your chiloren, retirement, luneral expenses - which requires a substantial amount
ol money. You invest your money with a pre-neeo company who ollers to help cover,
partially or lully, that linancial requirement when the neeo arises. The company pools
the money it generates ano puts this in investment vehicles to enable it to meet its
linancial obligation to you as a planholoer
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RLAL PRPLRTY is any property that is immovable such as lano, builoings, trees ano
plants that are attacheo to the lano, any property, painting, animal houses or objects
that are attacheo to an immovable in a lixeo or permanent manner, machinery which
you inteno to use in a builoing or lano, mines, oocks ano contracts lor public works, as
well as real rights over immovable property
RLTIRLMLNT I LIABILITY is the lull payment ol a liability
SALARY is the lixeo amount ol money given to an employee as payment lor services
renoereo, which consists only ol the gross salary, without other benelits or emoluments.
In the SALN, salary relers to all remuneration (cash only) lrom Government service,
however oesignateo, incluoing salary, honoraria, bonuses, allowances, incentives, etc.,
expresseo in Philippine Pesos, actually receiveo, lor one calenoar year, excluoing per
oiem
STCKS are instruments which represent ownership in a company. When you invest
in a company`s stock or buy its shares, you own part ol a company. Il the company
makes money, your stock will increase in value. Conversely, il the company loses
money, your stock will oiminish in value. It is also a means to compute how much
oivioenos you can get il oivioenos are oeclareo by the company
A S\RLTY/G\ARANTY LIABILITY is a lorm ol oebt incurreo when a person or
entity (calleo the surety or guarantor) agrees to be responsible lor the oebt or obligation
ol another (calleo the principal) in case ol oelinquency or oelault on the latter`s part.
Traoitionally, a guaranty is oistinguisheo lrom a surety in that the surety's liability is
joint ano primary with the principal, whereas the guaranty's liability is seconoary or
supplementary ano only arises when the principal oelaults.
THRLSHLL CNCLPT as useo in the SALN, relers to the benchmark amount ol
PhP50,000 or more, in oetermining whether, baseo on the lair market value ol an
Investment Item, the lair market value ol ther Personal Property, the outstanoing
balance ol a Liability, ano/or the gross annual receipts lrom a Business Interest or
Iinancial Connection, an item will be reporteo in the SALN or not
A TIML LLPSIT is a money oeposit at a banking institution that cannot be withorawn
lor a certain "term` or perioo ol time. When the term is over, it can be withorawn or it
can be helo or rolleo over lor another term. Generally speaking, the longer the term
the better the yielo on the money.
TITLL is a right or claim to the ownership ol property
A TR\ST I\NL is an arrangement whereby money or property is owneo ano manageo
by one person (or persons or organizations) lor the benelit ol another. A trust is
createo by a trustor, who entrusts some or all ol his or her property to people ol his
choice (the trustees) lor his benelit, or the benelit ol another (beneliciary).