AN ACT AMENDING SECTION 2 OF R.A. NO. 1405 ALSO KNOWN AS AN ACT PROHIBITING DISCLOSURE OF OR INQUIRY INTO, DEPOSITS WITH ANY BANKING INSTITUTION AND PROVIDING PENALTY THEREFOR

AN ACT ALLOWING THE OMBUDSMAN TO EXAMINE ALL THE BANK DEPOSITS OF PUBLIC OFFICERS WITH THE LATTER’S WRITTEN CONSENT BY AMENDING SECTION 8 OF REPUBLIC ACT NO. 6713, OTHERWISE KNOWN AS THE CODE OF CONDUCT AND ETHICAL STANDARDS FOR PUBLIC OFFICIALS EMPLOYEES

AN ACT EXEMPTING THE BANK DEPOSITS OF SENIOR CITIZENS FROM THE 20% WITHHOLDING TAX ON INTEREST INCOME, AMENDING FOR THE PURPOSE OF THE REPUBLIC ACT NO. 7432

AN ACT REQUIRING PUBLIC OFFICIALS AND EMPLOYEES TO SUBMIT A WRITTEN PERMISSION OR WAIVER IN FAVOR OF THE OMBUDSMAN TO LOOK INTO ALL DEPOSITS OF WHATEVER NATURE WITH BANKS OR BANKING INSTITUTIONS BOTH WITHIN AND OUTSIDE THE PHILIPPINES INCLUDING INVESTMENT BONDS ISSUED BY THE GOVERNMENT OF THE PHILIPPINES, ITS POLITICAL SUBDIVISIONS AND INSTRUMENTALITIES AND PROVIDING PENALTIES THEREFOR

AN ACT EXEMPTING THE BANK DEPOSITS OF SENIOR CITIZENS FROM THE TWENTY PERCENT (20%) WITHHOLDING TAX ON INTEREST INCOME, AMENDING REPUBLIC ACT NO. 7432