Question & AnswerQ&A (Republic Act No. 3522)
Republic Act No. 3522 is an amendment to Section 32 of Republic Act No. 180, also known as 'The Revised Election Code,' requiring candidates to disclose certain income tax information in their certificates of candidacy.
Section 32 of Republic Act No. 180, as amended, was further amended by Republic Act No. 3522.
A candidate must state the office they are running for, eligibility, political party (if any), civil status, spouse's full name if married, age and date of birth, and post-office address for election purposes.
The candidate must declare their gross income, expenses, deductions, exemptions, and confirm payment of income taxes as assessed for the last two years preceding the elections, including receipt numbers and payment places. If exempt or with pending tax obligations, this must be stated.
The candidate must include a waiver of privilege from public disclosure of their income tax returns and tax census statements for the two-year period, except financial statements attached thereto. This waiver is effective only during the candidacy period.
Failure to state the required information on income, taxes, and waiver will invalidate the certificate of candidacy.
No, the waiver is effective only during the period of the candidate's candidacy.
They must state in their certificate of candidacy that they were exempt from paying income taxes or that their tax obligations are pending final determination.
It took effect upon its approval on June 20, 1963.
To promote transparency and accountability of candidates by making their income tax information public as part of the election process.