A financial forensics analyst testified on Friday that Vice President Sara Duterte and her husband, lawyer Manases Carpio, have ₱817.8 million in undeclared wealth amassed over the three years since she took office in 2022. According to lawyer-accountant Alexander Cabrera, the undeclared wealth consists of hidden assets such as cash, personal and other real properties,...
Tag: Bureau of Internal Revenue
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‘There’s a gap, a difference’ in VP’s SALN and tax records
Vice President Sara Duterte’s declared net worth for 2025 exceeds the combined after-tax income that she and her husband, Manases Carpio, earned over the last 18 years. From 2007, when she was vice mayor of Davao City, to 2025, as the second-highest official of the land, Duterte and her husband earned a combined after-tax income...
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Music and lyrics from the 2024 budget
An interesting way to understand the 2024 budget is to look at it as a menagerie of songs. For the President, it is the song “I Did It My Way.” The 2024 budget stands at ₱5.768 trillion, which is equivalent to what he proposed to Congress in June. This amount is ₱1.5 trillion higher than the revenues...
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Zonal values of residential land surging
Zonal values of residential land are rising by up to about 330% in Parañaque City effective Monday, Oct. 2, catching residents and property owners by surprise. The surge is triggering concerns that the high cost of real property in the city will hamper sales and further make homes unaffordable to most people, especially the Gen...
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As amnesty deadline nears, many property heirs unaware of crucial regulation
It’s a race to the finish for heirs scrambling to settle the estate tax for properties they inherited from relatives who died in or before 2017 as the window of opportunity narrows. Heirs can pay the estate tax and beat the amnesty deadline even without a settlement of the estate if they can submit other...