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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“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://www.redcanaco.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.
- Thailand set for vote on new PM after dissolution bid rejected
- 'New' position being offered to Torre — Palace
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- No winner in Grand, Megalotto draws for Aug 27
- Pope Leo: We must listen first before speaking
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- DILG suspends classes, gov’t work in 17 areas
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- China displays its weaponry in a tightly controlled military parade
