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., This news data comes from:http://705-888.com
“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 updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Philippine experts urge harm reduction strategy for tobacco control
- Police officers face more charges in missing cockfight enthusiasts case
- PH, Japan conduct search and rescue exercises
- Israeli protesters demand hostage deal as cabinet meets
- North Korea test-fires two 'new' air defense missiles
- 500 Internal Server Error
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Two dead as strong earthquake jolts Afghanistan
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Marcos lauds Alex Eala’s win in Guadalajara
