Politics · Philippines Bureau
BIR Records Reveal Undeclared Cash Holdings by Vice President Duterte
Bureau of Internal Revenue documents have surfaced showing Vice President Sara Duterte held substantial cash in banks and on hand that were not disclosed in her official statements of assets, liabilities and net worth filed since taking office.
LSN Philippines ·
MANILA — Internal Revenue Bureau records have exposed significant cash holdings by Vice President Sara Duterte that do not appear in her Statements of Assets, Liabilities and Net Worth (SALN) submitted since she assumed the vice presidency.
The BIR documentation, which includes audited financial statements, details the Vice President's cash on hand and bank deposits. The discrepancy between these official revenue records and her publicly filed SALN filings has raised questions about the completeness of her financial disclosures to the public.
Under Philippine law, public officials including the Vice President are required to file comprehensive SALN reports annually, declaring all assets, liabilities and sources of income. The documents are intended to provide transparency regarding officials' financial positions and potential conflicts of interest.
The revelation comes as part of broader scrutiny of government officials' financial declarations and their alignment with independent records maintained by tax authorities. The BIR data represents audited records of financial activity, providing a documentary basis for comparing against voluntarily filed SALN statements.
Office representatives have not yet issued a statement regarding the discrepancies between the BIR records and the Vice President's filed SALN documents.