RMC No. 40-2010: Prescribes the guidelines in registration, update and tagging of Registration Information of political parties, candidates & campaign contributors relative to Project “Iboto Mo”

Key points

1. Verification by the RDO. The Taxpayer Service Section of the Revenue District Office with jurisdiction over the registrant checks whether the candidates, political parties or party lists, and campaign contributors exist in the Integrated Tax System (ITS) and TIN Verification System (TINVER) databases.
2. Registration procedures. The Circular sets the procedures and requirements for those not yet registered with the BIR, those registered with the BIR, and those registered but not yet uploaded in the ITS or not existing with Old Status in the TINVER.

Who is affected

• Political parties and party lists
• Candidates
• Campaign contributors