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., This news data comes from:http://waphhm.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).
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“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.
- House justice panel to probe US' extradition request for Quiboloy
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- US warship heading toward Caribbean Sea
- PH has chance of getting UNSC seat - Manalo
- Marcos confers diplomatic merit award on two ambassadors
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Thailand set for vote on new PM after dissolution bid rejected
- Follow the trucks: Why investors are looking south of Metro Manila
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
