The Income Affidavit Form is a crucial legal document in the Philippine jurisdiction that serves as a formal declaration of an individual's financial status and income sources. This document is commonly required when official income documentation like pay slips or tax returns are unavailable or need supplementation. It is particularly relevant for self-employed individuals, freelancers, or those with multiple income sources. The affidavit must be executed before a notary public and requires detailed information about all income streams, making it a legally binding declaration under Philippine law. Common uses include visa applications, loan processing, school admission requirements, government benefit applications, and legal proceedings where income verification is necessary. The document's validity is supported by various Philippine laws including the National Internal Revenue Code and the Rules on Notarial Practice.
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1. Title and Jurisdiction: Clearly states this is an Income Affidavit and the jurisdiction (Philippines)
2. Affiant Information: Complete personal details including full name, address, tax identification number, and government-issued ID information
3. Purpose Declaration: States the specific purpose for which the affidavit is being executed
4. Income Declaration: Primary section detailing all sources of income, including employment, business, investments, and other revenue streams
5. Verification Statement: Statement confirming the truthfulness and accuracy of the declared information
6. Oath: Formal sworn statement and jurat to be completed by the notary public
7. Signature Block: Space for affiant's signature, date, and notary public's details and seal
1. Foreign Income Declaration: Additional section for declaring income from foreign sources, required when the affiant has overseas income
2. Business Ownership Details: Section for describing business interests and income from owned enterprises, needed for business owners
3. Dependent Information: Details of dependents if the affidavit is being used for family-related purposes
4. Property Income: Section for declaring rental and property-related income, required for property owners
5. Government Benefits: Declaration of any government assistance or benefits received, if applicable
6. Certification of No Income: Special section for declaring no income, used when affiant needs to certify lack of income
1. Schedule A - Income Breakdown: Detailed itemization of all income sources with amounts and frequencies
2. Schedule B - Supporting Documents: List of attached supporting documents such as pay slips, tax returns, or business permits
3. Schedule C - Business Income Details: Detailed breakdown of business income and expenses if applicable
4. Appendix 1 - Government ID Copies: Certified copies of required government IDs and documents
5. Appendix 2 - Tax Returns: Copies of relevant tax returns or BIR certifications if required
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