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).
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR, This news data comes from:http://fn.yamato-syokunin.com
“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.
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Sarah Discaya grilled by Senate over alleged DPWH links
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Trump hails Department of War rebrand as 'message of victory'
- ‘New NBI chief must be career official’
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- DSWD program reduced hunger
- 11 foreigners killed in Portugal funicular crash
- Follow the trucks: Why investors are looking south of Metro Manila
