Affidavit of Income (Philippines)

An Affidavit of Income in the Philippines provides a formal sworn account of the facts it concerns, executed in the manner the law requires for it to be relied on.

The Social Housing Finance Corporation (SHFC) and the National Housing Authority (NHA) require an Affidavit of Income from applicants for socialized housing programs — particularly the Community Mortgage Program (CMP) under Republic Act No. 7279 (Urban Development and Housing Act of 1992) and the Abot-Kaya Pabahay Fund under EO 90. SHFC Circular No. 2015-003 on CMP beneficiary eligibility specifies that informal settlers whose income is primarily from informal sector activities — market vendors, tricycle drivers, construction workers, domestic helpers — may submit an Affidavit of Income in lieu of BIR ITR documentation when their income is not formally documented.

The Pag-IBIG Fund (HDMF) under Republic Act No. 9679 (Home Development Mutual Fund Law of 2009) accepts Affidavits of Income from self-employed members and OFWs applying for Pag-IBIG housing loans when the borrower's income cannot be fully documented through standard payslips or employment records. Pag-IBIG Circular No. 392 on housing loan guidelines specifies alternate income documentation for informal sector workers and entrepreneurs.

Philippine courts require an Affidavit of Income in family law proceedings under the Family Code — particularly in petitions for support (Articles 194–208) where the court must assess a respondent's financial capacity to provide support for a spouse or child. Under the Rule on Provisional Orders (A.M. No. 02-11-12-SC), both parties in support proceedings submit an Affidavit of Income, Assets, and Liabilities as the basis for the court's computation of provisional support pending final judgment.

The Department of Social Welfare and Development (DSWD) requires Affidavits of Income for various social protection programs — the Pantawid Pamilyang Pilipino Program (4Ps) under Republic Act No. 11310, the Social Pension for Indigent Senior Citizens under RA 9994 (Expanded Senior Citizens Act), and emergency cash assistance programs — to verify that applicants meet income thresholds. Scholarship programs from the Commission on Higher Education (CHED), the Technical Education and Skills Development Authority (TESDA), and private foundations also require Affidavits of Income from scholars' parents or guardians to establish financial need.

The legal framework governing the Affidavit of Income (Philippines) in Philippines draws on several key statutes and regulatory bodies. Under Philippine law, the Civil Code of the Philippines (Republic Act No. 386) governs contractual obligations. The Revised Corporation Code (Republic Act No. 11232) regulates corporate entities through the Securities and Exchange Commission (SEC). The Labor Code of the Philippines (Presidential Decree No. 442) and Department of Labor and Employment (DOLE) govern employment matters. The Data Privacy Act of 2012 (Republic Act No. 10173) and the National Privacy Commission (NPC) protect personal data. The Bureau of Internal Revenue (BIR) administers tax obligations under the National Internal Revenue Code. Parties executing a Affidavit of Income (Philippines) in Philippines should confirm the document reflects current law, including any amendments enacted since the original drafting date. The Civil Code of the Philippines (RA 386) sets the foundational requirements.

An Affidavit of Income in the Philippines is required whenever an institution needs sworn proof of financial capacity that formal tax documents cannot provide.

An Affidavit of Income is needed when an informal sector worker — a market vendor, jeepney driver, freelancer, home-based worker, or small entrepreneur — applies for a Pag-IBIG housing loan or SHFC socialized housing program and cannot produce a BIR ITR or formal payslips because their income is not formally documented in the BIR tax system.

An Affidavit of Income is needed when a respondent in a court petition for child support or spousal support under Family Code Articles 194–208 must disclose their financial capacity to the court. Under the Rule on Provisional Orders (A.M. No. 02-11-12-SC), the court requires both parties to submit an Affidavit of Income, Assets, and Liabilities to calculate the amount of provisional support.

An Affidavit of Income is needed when a 4Ps beneficiary or applicant for DSWD emergency cash assistance must certify their monthly household income to qualify for cash transfer programs under RA 11310, where income below the official poverty threshold — as determined by the Philippine Statistics Authority (PSA) — is a qualification requirement.

An Affidavit of Income is needed when a student applying for a CHED merit scholarship, TESDA scholarship, or private foundation scholarship must prove financial need through sworn income declaration by the parent or guardian, particularly when the family does not file BIR ITRs because their income is below the taxable threshold.

An Affidavit of Income is needed when an OFW applying for a Pag-IBIG overseas housing loan or a bank mortgage in the Philippines submits income documentation from a foreign employer — the lending institution may require a Philippine notarized Affidavit of Income (or a POLO-notarized version abroad) to supplement the foreign employment contract and payslips.

A valid Philippine Affidavit of Income must contain the following elements.

Affiant Identification: Full legal name, age, civil status, nationality, complete address, TIN, and cedula (CTC) number with issuing municipality and date. For OFWs executing the affidavit abroad, the POLO office or Philippine Embassy notarization details replace the local CTC.

Income Source Declaration: A specific declaration of each source of income — employment (employer's name, position, monthly salary), business (business name, DTI or SEC registration number, nature of business, monthly gross revenue), professional practice (PRC license number, type of practice, monthly professional fees), rental income (property address, number of units, monthly rent), OFW remittances (foreign employer, destination country, monthly remittance amount), or pension/benefits (SSS, GSIS, or Pag-IBIG pension amount).

Gross Monthly Income Amount: A clear declaration of the total gross monthly income from all sources combined — expressed in Philippine Pesos (PHP). Where income varies month to month, the affiant may state the average monthly income over the preceding 12 months.

Annual Income Amount: Where required by the receiving agency (courts, scholarship programs), the total gross annual income for the preceding calendar year.

Household Composition: For housing program and social welfare applications, the number of dependents and total household members, as household income per capita affects eligibility for socialized housing and cash transfer programs.

Declaration of Accuracy: An express declaration that the income figures stated are accurate and complete, and that no income source has been omitted.

Jurat Block: Executed as a sworn statement under Section 2(a) of the 2004 Rules on Notarial Practice (A.M. No. 02-8-13-SC), with the affiant's CTC and ID details recorded.

Additional compliance elements for a Affidavit of Income (Philippines) used in Philippines include: Under Philippine law, the Civil Code of the Philippines (Republic Act No. 386) governs contractual obligations. The Revised Corporation Code (Republic Act No. 11232) regulates corporate entities through the Securities and Exchange Commission (SEC). The Labor Code of the Philippines (Presidential Decree No. 442) and Department of Labor and Employment (DOLE) govern employment matters. The Data Privacy Act of 2012 (Republic Act No. 10173) and the National Privacy Commission (NPC) protect personal data. The Bureau of Internal Revenue (BIR) administers tax obligations under the National Internal Revenue Code. Forms-legal.com provides this template as a starting point for Philippines-compliant documentation.