Some withheld taxes were not remitted intact to the BIR
Pulilan · 2023
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe town did not send the taxes it deducted from employees to the BIR by the required deadline. This is a problem because government agencies must pay withheld taxes to the government by the 10th of the next month.
Why It Matters
Recommended Actions
- Ensure continuous compliance by the Municipal Accountant and the Municipal Treasurer with the withholding of appropriate taxes and remittance thereof within the prescribed period.
Original Audit Finding Excerpt
"With the exception of minimal cases where taxes withheld were not remitted intact, the Municipality largely complied with the withholding and remittance of taxes in CY 2023 pursuant to the Bureau of Internal Revenue (BIR) Revenue Regulation (RR) No. 2-98 dated April 17, 1998."
