Withholding Tax Management of Schools Division Office

Abstract

This study identified the withholding tax management, the level of awareness of the Senior Bookkeeper and bookkeeper-designates about the guidelines in withholding taxes, the difficulties encountered by the respondents in the preparation of withholding tax reports, and the common errors observed in the preparation of withholding tax reports. Thus, actions for the facility and accurate preparation of withholding tax reports may be recommended. The descriptive-survey method utilizing a questionnaire checklist facilitated the data gathering from 40 Senior Bookkeeper-respondents. The findings were revealed. Out of 40 Senior Bookkeepers (n=40, 100%), a total of (83.2%) of the respondents have a “high level of awareness” about the computation of withholding tax guidelines of Bureau of Internal Revenue but a lower percentage (17%) among them have “low to moderate level of awareness” about the computing of withholding tax. The study concluded that even though the majority of Senior Bookkeepers were neophytes to the service, nevertheless, they had been successful in completing the primary duties of their posts. But even so, other things contributed to their problems, including frequent mistakes made by the supplier and the head of the school.