QuestionsQuestions (PRESIDENTIAL DECREE NO. 677)
PD No. 677 amended Section 7 of Republic Act No. 3019, as amended (the Anti-Graft and Corrupt Practices Act).
It aims to require all government officials and employees to account at frequent intervals their financial position, consistent with the reform program and the principle that a public officer’s life is subject to scrutiny.
Within thirty (30) days after assuming office.
Within the month of January of every year thereafter.
Upon the expiration of the term of office, or upon resignation or separation from office.
With the office of the corresponding Department Head.
With the Office of the President.
A true detailed and sworn statement of assets and liabilities, including (1) amounts and sources of income, (2) amounts of personal and family expenses, and (3) amount of income taxes paid for the next preceding calendar year.
For the next preceding calendar year.
They may file their first statement on the following month of January.
It must be filed within the month of January of every year.
The provision shall take effect beginning January 1976, for the statement pertaining to the calendar year 1975.
It requires a truthful, detailed report and makes it an oath-based (sworn) compliance document, supporting accountability and potential liability for false statements.
They must file the required sworn statement of assets and liabilities upon the expiration of their term of office.
The income taxes paid for the next preceding calendar year.