Over-Remittance of Taxes Due to Payroll Report Variances
Baliwag City · 2024
Severity: LowRecommendation: Unknown
What Happened?
Category: Tax AdministrationIssue: Non-complianceThe city paid more taxes to the government than it should have, by about ₱27,000, because the payroll figures used to calculate the taxes were later changed. This is a mistake that needs to be corrected to avoid future errors.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"However, the AT noted an over-remittance of taxes totaling ₱27,410.09 in the succeeding year owing to variances between the initial and final payroll reports from the Baliwag Polytechnic College (BTECH)."
