The Team vouched a total of 109 PCDF transactions for the assessment period. The total spending was $5.1 million excluding investment general costs .
Generally, the province did well in the majority of its project disbursements including working papers that are being filed. A number of issues are highlighted as per table below amounting to $655,259.10[1]. In addition to this total, the PG unremitted withholding tax to the Inland Revenue Division has never been paid over the years.
For the current period of assessment alone, the amount is provisionally calculated to $386,817. There were other tax arrears for prior years which currently remained outstanding which could raise the balance further. Also the withholding tax application was unfairly calculated for certain contractors. Take for example; the contractor for the Tulagi Mini Commercial Centre (TMCC) has none of its $644,854 was tax deductible.
[1] The majority of which were incurred for the Tulagi Mino Commercial Centre and unremitted withholding tax.
