If you were one of the candidates in the recent Barangay and Sangguniang Kabataan (SK) elections, you need to file your SOCE.
By SOCE, I am of course referring to the Statement of Contributions and Expenditures.
But remember that the obligation to file SOCE is not only for those who won, but it is also for those who lost, got disqualified, and even those who withdrew their candidacies.
Because what is only essential is you filed your Certificate of Candidacy (COC) within the given period.
In other words, as long as you filed your COC, you have to file your SOCE.
When to file it
By law, you need to file your SOCE within 30 days from the day of the election.
Since the recent elections took place on May 14, 2018, you have until June 13, 2018 within which to file it.
Once filed, you will receive a Certificate of Compliance.
Why you need to file it
Bear in mind that if you won, you will only be allowed to assume your office after you filed your SOCE.
Remember too that if you are guilty of repeated failure to file SOCE, you will be subject to perpetual disqualification to hold public office.
By repeated failure to file SOCE, it means you have failed to file it for two or more number of times.
While perpetual disqualification to hold public office means you will no longer be allowed to hold public office for good.
[References: Section 14 of Republic Act No. 7166, COMELEC Resolution No. 10209 (Promulgated on September 27, 2017), Joel T. Maturan vs. COMELEC and Allan Patiño, G.R. No. 227155, March 28, 2017, and comelec.gov.ph]