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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“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., This news data comes from:http://www.xs888999.com
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).
“The clearance must certify that the contractor has no outstanding tax liabilities and has duly filed and paid all applicable taxes,” Lumagui said.
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Former PNP chief Torre III offered new government post
- Marcos signs laws declaring holidays across PH
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Opponents of Japan PM seek leadership contest
- China to bolster non-Western alliances at summit, parade
- Iran says open to US nuclear talks, rejects missile curbs
- Co out of country for medical reasons
- Discayas must return money before seeking immunity – Remulla
- Thai cannabis-championing tycoon takes office as PM
