MANILA, Philippines —The Bureau of Internal Revenue (BIR) will conduct a tax fraud audit of contractors flagged for alleged irregularities in flood control projects, its top official said on Tuesday.
“Should any contractor be found to have underpaid or evaded taxes, the BIR will not issue an updated tax clearance to them,” Tax Commissioner Romeo Lumagui Jr. said in a statement.
“The contractor will be disqualified from participating in future government procurements, and the final settlement of their existing government contracts will be suspended,” he added.
President Ferdinand Marcos Jr. revealed questionable infrastructure projects, particularly “ghost” flood control works that were reportedly paid for by the government but never constructed.
Lumagui argued that government contractors are mandated to secure an updated BIR tax clearance before the final settlement of any government project as per the provisions of Revenue Regulation No. 17-2024 (RR No. 17-2024).
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“The clearance must certify that the contractor has no outstanding tax liabilities and has duly filed and paid all applicable taxes,” Lumagui said., This news data comes from:http://gyglfs.com
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- Need a pee? Japan has QR code for that
- BCDA honored for UN sustainable development goals at Manila Times Awards
- Bonoan resigns, Dizon named DPWH chief
- DILG suspends classes, gov’t work in 17 areas
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Trump moves to cut more foreign aid, risking shutdown
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Rubio says US warned France on Israel annexation moves
