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://bcsj.yamato-syokunin.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).
“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.
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- PH, Australia commend ‘impressive’ joint sea drills
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Chinese tourist city Sanya shuts down as typhoon intensifies
- Discaya companies' licenses revoked for bid-rigging
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Israel military says controls 40 percent of Gaza City
- WBO champ looms as Pacquiao’s next opponent
- South Korea to ban mobile phones in school classrooms
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
