19.11 Similar to the above observations, the remittances for taxes withheld from the
payment of purchases for the Special Education Fund (SEF) and Trust Fund
(TF) were not made within the prescribed period. The delays ranged from 17 to
26 days for the SEF and 16 to 26 days for the TF, as detailed in Appendix F1-2.
19.12 Furthermore, according to the schedule provided by the personnel from the
Provincial Accountant’s Office (PAccO), the following amount are still due for
remittance in November 2024. This amount should have already been remitted
on either the 10th or the 15th day of the month following when it was withheld,
as applicable:
SL Account Code: 20201010-14
20%
Month Due
Proper Hospital Development Total
Withheld Date
Fund
April 2,121.43 2,121.43 05/10/24
May 5,655.34 5,655.34 06/10/24
August 21,057.32 21,057.32 09/10/24
September 606,781.07 500,411.62 171,924.05 1,279,116.74 10/10/24
Total 633,493.73 502,533.05 171,924.05 1,307,950.83
SL Account Code: 20201010-19
20%
Month Due
Proper Hospital Development Total
Withheld Date
Fund
April 424.29 424.29 05/15/24
May 10.11 10.11 06/15/24
August 12,829.92 48,183.10 61,013.02 09/15/24
September 189,710.74 326,962.80 73,919.41 590,592.95 10/15/24
Total 202,550.77 375,570.19 73,919.41 652,040.37
19.13 Due to the delays in remitting taxes withheld from compensation and in making
payments for purchases, the national government has been deprived of the use
of these funds to finance its various projects. This practice likewise, exposes
the personnel involved to the risk of paying interest, surcharges, and sanctions
provided under paragraph C of the RMC.
19.14 We recommended and Management agreed that the Provincial Accountant,
promptly remit all taxes withheld from compensation and payments for
purchases in accordance with the prescribed period outlined in BIR
Revenue Memorandum Circular (RMC) No. 23-2012, dated February 14,
2012. Additionally, we recommended reconciling the amounts remitted
with the subsidiary ledgers maintained by the Provincial Accountant's
Office (PAccO).
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