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

Jeepney driver killed in broad daylight shooting in Bacoor

BACOOR, Cavite — A jeepney driver was shot and killed Sunday afternoon in front of a fast food restaurant...

GMA Kapuso Foundation distributes relief goods in Cavite City

CAVITE CITY — Residents here received free rice, noodles, canned goods, and beverages from GMA Kapuso Foundation in a...

72-year-old street sweeper praised for returning lost wallet in Rosario, Cavite

ROSARIO, Cavite — A 72-year-old street sweeper earned public recognition after she turned over a lost wallet containing cash...

Megaworld township in General Trias draws visitors with dining, fitness, lifestyle offerings

GENERAL TRIAS, Cavite — Maple Grove, Megaworld's township development in General Trias City, has become a weekend destination for...
- Advertisement -spot_imgspot_img

Man shot in neck after argument in Indang, Cavite

INDANG, Cavite — A dispute turned violent when a man was shot in the neck by an acquaintance outside...

Fire hits Bacoor residential area, raised to 2nd alarm

BACOOR, Cavite — A fire that broke out in a residential area in Barangay Niog early Wednesday escalated to...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you