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Unresolved Tax Deficiency and Pending Abatement Request

National Housing Authority · 2023

Severity: HighRecommendation: Unknown

This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.

What Happened?

Category: Financial ManagementIssue: Non-compliance

The agency owes taxes from 2017 because it did not withhold the correct amounts. The total was reduced, but a portion (interest) is still unpaid and the agency is asking to have it waived.

Why It Matters

Recommended Actions

No recommendations are available for this finding yet.

Original Audit Finding Excerpt

"In compliance with the requirements set forth by BIR Revenue Regulation (RR) Nos. 15-2010 and 19-2011, the following are the details of taxes and withholding taxes paid and accrued by NHA: The NHA, being the primary government agency in charge of providing housing for the underprivileged and homeless, is exempt from the payment of all fees and charges of any kind, whether local or national, such as income and real property taxes. Additionally, all documents or contracts executed by and in favor of the NHA shall also be exempted from payment of documentary stamp tax and registration fees including fees required for the issuance of transfer certificates of titles per Section 19 of RA No. 7279, otherwise known as the UDHA of 1992, providing tax incentives to GOCCs and LGUs as well as Private Mortgage Program, amending for the purpose pertinent provisions of Sections 2.4 and 5 of RR No. 9-93. As at December 31, 2023, the NHA has no Preliminary or Final Assessment Notice, except for a No"

Source Document

10-NHA2023_Part1-Notes_to_FS.doc

2023 AAR · 15 files