COA issued three earlier decisions this year all affirming disallowances
on the grant of different bonuses and allowances against PhilHealth.
(11) Therefore, the Internal Revenue Service has instead focused on whether the flights are subject to the entertainment disallowance
In its apparent zeal both to issue guidance quickly and also to change company behavior by imposing a deduction disallowance
on all "entertainment" use of company aircraft by "specified individuals," the IRS conjured a methodology for allocating expenses to any entertainment use that can yield surprising results.
"All told, this Commission finds the disallowances
and affirms the modification in some NDs" the three-man panel stated.
BOC notices of suspension cover P379.7 billion; notices of disallowances
, P424.2 million; and notices of charges, P12.7 billion.
This training will provide a comprehensive guide on what must be done to avoid COA disallowances
. For the private sector, it will serve them well to understand this topic in order for them to know how to package a project or supply goods and services to ensure that their deals don't fall under illegal, extravagant, unnecessary and unconscionable transactions with the government.
issued for the period amounting to P811,463 million represent payment of unauthorized benefits, unnecessary and extravagant expenses amounting to P519.925 million, P291.482 million and P56,540, respectively," the audit report stated.
This special training will greatly benefit public officials of local government units, national government agencies, government-owned and controlled corporations, public utility companies as well as those private entities dealing with government, given that this is the only program that will provide them a comprehensive guide on what they must know to avoid those COA disallowances
Under this test, to overcome the IRS's disallowance
of the cash method, the taxpayer must show that the results under the cash method are substantially identical to the results under the method of accounting the Service selects as clearly reflective of income.
COA told city officials that the city government must now act on the audit findings regarding suspensions, P42.53 million; disallowances
, P67.166 million and charges P31.31 million.
MANILA, Philippines To address the clamor of many public officials in all national government agencies, LGUs and GOCCs to address their COA issues, the Center for Global Best Practices (CGBP) is hosting a one-day CPD accredited training in Iloilo titled, "Best Practices and Remedies to Avoid COA Disallowances
," on Jan.
The notice of disallowances
issued by COA on government-owned or controlled corporations (GOCCs) has been in existence and consistent for the past years,' said Corpuz, adding: