The Commission on Audit has called out the Bureau of Internal Revenue and the Social Security System over lapses in the implementation of the P51-billion Small Business Wage Subsidy Program, resulting in failure to assist 41 percent or 717,442 target employees who were unable work due to strict community lockdowns at the height of the COVID-19...
MANILA, Philippines — The Commission on Audit has called out the Bureau of Internal Revenue and the Social Security System over lapses in the implementation of the P51-billion Small Business Wage Subsidy Program, resulting in failure to assist 41 percent or 717,442 target employees who were unable work due to strict community lockdowns at the height of the COVID-19 pandemic in 2020.
On the other hand, under the Category A or the “non-essential” businesses, only 59 percent or 1,050,971 employees were given subsidies, leaving 41 percent or 717,442 employees unassisted. The COA said that as admitted by the SSS, one of the factors affecting the attainment of the target under Category A was inadequate information dissemination.
The SBWS program aimed to complement the government’s Social Amelioration Program, which catered to the informal business sector and indigent families affected by the COVID-19 pandemic. “COA recommends that SSS in coordination with the Department of Finance and BIR should identify the ineligible beneficiaries through post-implementation verification of TINs and take necessary steps for the immediate recovery of the wage subsidies provided to ineligible beneficiaries,” the audit body said.
The Department of Health will set up a grievance board that will investigate the failure of granting COVID-19 benefits and...
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grab teams up with SSS, Pag-IBIG to protect drivers’ welfareDefining the News
Read more »
BIR seizes P604-m toiletries in raidsDefining the News
Read more »
Agham, BIR Roads in QC officially renamed ‘Miriam P. Defensor-Santiago Avenue’The proposed bill has lapsed into law
Read more »
Thousands join pro-Palestine protest in southern PhilippinesParticipants waved Palestinian flags, painted their cheeks with the Palestinian colors, and shed tears as they prayed.
Read more »