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)., This news data comes from:http://wsdri.xs888999.com
“The clearance must certify that the contractor has no outstanding tax liabilities and has duly filed and paid all applicable taxes,” Lumagui said.
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.
- Comelec probes 15 contractors for illegal campaign donations
- P270M rock shed useless – Marcos
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Discayas must return money before seeking immunity – Remulla
- China 'unstoppable', says Xi with Kim, Putin at his side
- DILG denies allegations that PNP chief fired over firearms deal
- President Marcos to attend 80th UN General Assembly in New York
- Washington makes military aid overtures to Sahel juntas
- Maduro calls for dialogue hours after Trump’s threat
