Flash ReportCOA Discovers Kawit LGU's Delayed Tax Remittances

COA Discovers Kawit LGU’s Delayed Tax Remittances

-

- Public Service Reminder -spot_img

Government auditors have flagged the Municipality of Kawit, Cavite for failing to remit P167,875.98 in Special Education Fund (SEF) taxes to the Bureau of Internal Revenue (BIR), potentially exposing the local government to penalties and surcharges.

In a Commission on Audit (COA) report, auditors found that the municipality failed to comply with BIR Regulation No. 2-98, which requires taxes withheld to be remitted within 10 days following the month of withholding.

The subsidiary ledgers reviewed by state auditors showed that while the municipality withheld P449,221.61 in taxes, only P365,618.73 was properly remitted to the BIR.

The unremitted balance of P167,875.98 included taxes withheld from previous years that remained unpaid.

Monthly discrepancies were particularly notable, with January showing P57,761.40 in remittances against P44,999.79 in withholdings.

Several months, including April, June, August, and September, showed no new remittances despite ongoing tax obligations.

In response to the findings, auditors recommended that the Municipal Mayor Angelo Aguinaldo direct both the Municipal Treasurer and Accountant to immediately remit all outstanding taxes.

COA reminded the Mayor of the importance of adhering to the 10th-day deadline to avoid additional financial penalties.

The Municipal Accountant has been instructed by the Local Chief Executive to analyze the composition of previously withheld taxes and expedite their remittance to the BIR.

The delayed remittances raise concerns about the municipality’s financial management practices and could result in additional costs to local taxpayers through penalties and surcharges.


Discover more from Cavite News

Subscribe to get the latest posts sent to your email.

cavite.news
cavite.newshttps://cavite.news
We, the people of Cavite, recognize that in order to achieve our goals and aspirations, we need to be empowered and well-informed of the news and events that affect us and our cities and towns. We need to have access to accurate, relevant, and timely information that will enable us to make informed decisions and take appropriate actions.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Colorum buses draw complaints in Cavite over ‘cutting trips’

Commuters and netizens in Cavite have filed complaints against allegedly unlicensed buses operating on provincial routes, citing a practice...

Dasmariñas mayor eyed for Cavite 4th District congressional seat in Aug. 29 special election

Dasmariñas mayor eyed for Cavite 4th District congressional seat in Aug. 29 special election DASMARIÑAS CITY, Cavite — Dasmariñas City...

Bomb threat against Cavite elementary school triggers security response; no explosives found

TANZA, Cavite — A bomb threat sent through Facebook against a public elementary school prompted an immediate security response...

Fake vapes, illegal LPG cylinders worth P3.1M seized in Cavite ops

CAVITE — Police operatives seized counterfeit vaping products and unauthorized liquefied petroleum gas cylinders valued at more than 3.1...
- Advertisement -spot_imgspot_img

Bacoor City buy-bust yields ecstasy tablets, shabu packs

BACOOR CITY, Cavite — Authorities arrested a known drug personality Sunday morning in a buy-bust operation that yielded ecstasy...

Noveleta earns DILG’s Good Financial Housekeeping recognition for 2025

NOVELETA, Cavite — The municipality of Noveleta has received the Good Financial Housekeeping recognition from the Department of the...

Must read

SM Retail to Hold Job Fair in Dasmariñas on May 27

DASMARIÑAS CITY, Cavite — SM Retail will hold a...

30 tons of vegetables distributed free in Imus as aid to Benguet farmers

30 tons of vegetables distributed free in Imus as...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you