Brillantes: Winning, losing candidates have option to return or keep money saved from campaign kitties

June 15, 2013 12:09 pm 

MANILA, June 14 — The Commission on Elections (Comelec) said winning and losing senatorial candidates who were able to save money from their campaign kitties have the option to return them to their donors or keep them.

Comelec Chairman Sixto Brillantes Jr. said those who ran in the May midterm polls can keep the money but it will be subject to taxes by the Bureau of Internal Revenue since it is considered as their income.

However, he noted that if they decided to return them to their donors they will have no problem.

“They can keep the money but that is subjected (sic) to tax. If they don’t return to the donor, considered income nila yun. They can return and then wala silang problema. If they keep it, then that has to be reported as income,” he explained.

Based on the initial Statement of Election Contributions and Expenditures (SOCE) submitted by 15 winning and losing senatorial bets, senatorial-elect Nancy Binay has the most number of savings incurred with P8,174,341.68.

Binay’s SOCE revealed that she received a total contributions of P136,869,398.78 while her total expenditures had been P128,695,057.10.

Losing senatorial bet Juan Ponce Enrile, Jr., was able to save P396,838 for receiving a total of P136,869,398.78 in contributions and incurred expenses amounting to P128,695,057.10.

Senator-elect Cynthia Villar was recorded shelling out personal funds amounting to P131,656,672.84 while she only received P2,613,454.41 as contributions.

The top senatorial winner, Grace Poe Llamanzares was able to save P1,165,012.19 as she only spent P123,448,994.86 of the P123,605,341.27 contributions she received.

Of the 15 SOCEs, Ang Kapatiran’s senatorial candidate Juan Carlos delos Reyes, recorded to have no expenses, although he received P20,000 in donations. (PNA)<br)

HBC/FGP/UTB

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