Unremitted Withholding Taxes to the Bureau of Internal Revenue
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency did not remit all taxes it withheld from payments to the government's tax bureau on time. Some offices still owe taxes, and at least one office says it can only pay once road projects are finished.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Region IV-B - 96.80% - The management of the Region and its District Engineering Offices are fully committed to comply with the lacking unremitted balances. Specifically for Marinduque, the unremitted balance is related to payment of affected parcels of land and improvement in connection with the Right of Way projects. This will be remitted to the Bureau of Internal Revenue once the Right of way projects are completed and all the necessary documents needed for the payment of taxes are all complete."