Summary of Total Suspensions, Disallowances, and Charges
20. There were no outstanding Suspensions and Charges as at year end. However, the
Notices of Disallowance showed the following balance as of December 31, 2024:
Beginning Issued this Period Ending Balance
Particulars Balance (1/1/2024 to 12/31/2024) (12/31/2024)
(1/1/2024) ND NSSDC
Disallowance ₱51,574,500.00 0.00 0.00 ₱51,574,500.00
20.1 This ending balance pertains to audit disallowances issued and received in the
following years:
Balance as of
Years Issued Transaction Year Remarks
12/31/2024
Notice of Disallowance (ND)
2021 ₱30,690,000.00 2020
with pending
2015 13,500.00 2013
appeal
2014 20,871,000.00 2013
Total ND ₱51,574,500.00
20.2 We would like to note that the aforesaid balances do not include Notices of
Suspension, Disallowance and Charge issued prior to the effectivity of the Rules
and Regulations on Settlement of Accounts, which are still subject for
reconciliation with the balances of the accounting record.
Compliance with Tax Laws
21. The City of Bayawan complied with tax laws on withholding taxes from salaries,
wages, purchases of goods and services, and value-added tax. Taxes withheld were
remitted to the Bureau of Internal Revenue within the reglementary period, every 10th
day of the following month.
Withholding taxes from officials and employees
Particular General Fund SEF Trust Fund Total
Beginning Balance ₱ 3,087.95 ₱ 0.00 ₱ 0.00 ₱ 3,087.95
Add: Taxes withheld from 20,509,514.95 0.00 414,921.72 20,924,436.67
Jan-Dec 2024
Taxes withheld for remittance ₱20,512,602.90 0.00 414,921.72 20,927,524.62
to BIR
Less: Taxes remitted from (20,512,602.90) 0.00 (414,921.72) (20,927,524.62)
Jan-Dec 2024
Balance as of December 31, ₱ 0.00 ₱ 0.00 ₱ 0.00 ₱ 0.00
2024
Expanded, percentage, value-added taxes and documentary stamps
Particular Expanded Percentage VAT DST Total
Beginning ₱ 864,220.06 ₱ 83,089.42 ₱ 3,168,091.85 ₱ 5,790.00 ₱ 4,121,191.33
Balance
85
