Unremitted Taxes and Unreconciled Balances in Due to LGUs Account
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceMoney owed to local governments includes taxes that were withheld from contractors but not remitted, and old unmatched balances that have not been sorted out.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"It also includes unremitted provincial taxes withheld from contractors during the month of December 2024, as well as unreconciled and dormant balances for reconciliation."