B. OTHER MANDATORY AREAS
Compliance with Mandatory Deductions and Tax Laws
9.1. Taxes withheld during the year from salaries, wages and other services, including
Value-Added Taxes withheld from suppliers and contractors were remitted to the
Bureau of Internal Revenue pursuant to existing Revenue Regulations. The current
outstanding balance of the Due to BIR account as of December 31, 2024, amounting to
₱194,702.76, was remitted in January 2025, detailed as follows:
Due to BIR Date of
Check No. Amount
Balance Remittance
₱ 194,702.76 01/09/2025 963677 ₱ 91,489.18
103,213.58 01/09/2025 963678 52,755.97
50,457.61 01/09/2025 963679 50,457.61
0.00
Total Remittances ₱ 194,702.76
9.2. Salary deductions recorded under the accounts Due to GSIS, Due to Pag-IBIG, and Due
to PhilHealth had balances of ₱1,361,027.86, ₱119,624.96, and ₱354,102.68,
respectively, which are still subject to further verification. Remittances for the month of
December amounted to ₱881,773.14, ₱51,232.41, and, ₱157,830.05, for the accounts
Due to GSIS, Due to Pag-IBIG, and Due to PhilHealth, respectively, detailed as
follows:
Due to GSIS Date of
Check No. Amount
Balance Remittance
₱ 1,361,027.86 01/09/2025 ADA ₱ 881,773.14
479,254.72
Total Remittances ₱ 881,773.14
Due to Pag-IBIG Date of
Check No. Amount
Balance Remittance
₱ 170,857.37 12/27/2024 963605 ₱ 13,232.41
157,624.96 12/27/2024 963606 38,000.00
119,624.96
Total Remittances ₱ 51,232.41
Due to
Date of
PhilHealth Check No. Amount
Remittance
Balance
₱ 354,102.68 01/15/2025 ADA ₱ 157,830.05
196,272.63
Total Remittances ₱ 157,830.05
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