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).
“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://uou-hc-ysf-bils.erlvyiwan.com
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- Marcos opens Hyundai's shipyard in PH
- 15 drug war victims cleared to join Duterte's ICC case
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Bersamin letter proves Torre reassignments ‘valid’
- AboitizPower pushes growth with clean, renewable energy
- Rise in HFMD cases due to better reporting, not outbreak
- Labubu fans flock to stores after launch of mini dolls
- Red Cross head says mass evacuation of Gaza City 'impossible'
- ‘40% of Filipinos obese’
