Friday, 22 September 2017
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SBN 699  |  People’s Fund Bill gives 5% of tax to chosen agency/dept

MANILA (DWDD) – Amid the public outcry over the P1,000 budget given by the House of Representatives to the Commission on Human Rights (CHR), Sen. Bam Aquino has renewed his push for the approval of his measure that gives taxpayers a chance to decide to which agency they want their taxes to go.

“We want Filipinos to get involved in governance and the budget process. The People’s Fund Bill gives them the chance to do that,” said Sen. Bam, referring to Senate Bill No. 699 that he filed last July 20, 2016.

“Galing sa pinaghirapan ng taumbayan ang ginagamit na pondo ng pamahalaan kaya nararapat lang natin silang konsultahin kung paano ito gagamitin,” added Sen. Bam.

Sen. Bam made the pronouncement after netizens started the “#GiveMyTaxToCHR” campaign after the House gave the CHR a 1,000-peso budget for 2018. Netizens have demanded that their tax be given to the CHR instead to the PNP’s Oplan Tokhang, which was handed a P900-million budget for 2018.

If approved, the People’s Fund Bill creates mechanisms for an individual taxpayer to allocate five percent (5%) of his or her income tax for any of the following: (1) an accredited charity or civil society organization; (2) a priority national or local government project; or (3) a legitimate political party.

Under this bill, the Bureau of Internal Revenue (BIR) shall establish the mechanism that would enable individual taxpayers to select beneficiaries upon filing of their annual income tax returns.

Meanwhile, an inter-agency committee led by the Department of Budget and Management (DBM) shall determine the eligibility of respective organizations, and shall likewise set the conditions, guidelines, and reporting requirements for the receipt and use of the funds by the benefitting organizations.

“Kapag ito’y naisabatas, may kapangyarihan na ang taxpayer na piliin kung saan pupunta ang porsyento ng perang ito. Ginagawa na ito sa ibang mga bansa at panahon nang gawin ito sa Pilipinas,” Sen. Bam said. SENATE/MCAG

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