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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
President Ferdinand Marcos Jr. revealed questionable infrastructure projects, particularly “ghost” flood control works that were reportedly paid for by the government but never constructed., This news data comes from:http://jgis.gyglfs.com
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.
- South Korea to ban mobile phones in school classrooms
- Marcos opens WorldSkills Asean competition
- Follow the trucks: Why investors are looking south of Metro Manila
- Supreme Court urged to act on fake complaints
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Go files housing development bill
- Napoles gets 55 years for another ‘pork’ case
- ‘God’s Influencer’ to become first millennial saint
- ‘Gomez ignorant of how media works’
- IBP to form good governance panel
