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).
“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., This news data comes from:http://052298.com
- Trump hails Department of War rebrand as 'message of victory'
- NHA gives cash aid to families affected by calamity in Manila
- Marcos urged to raise WPS resolution at UN
- Philippine experts urge harm reduction strategy for tobacco control
- Japan govt seeks to triple spending on drones
- PNP chief leads fun run
- Motive probed for US church shooting that killed 2 children, injured 17
- 'Lannie' exits PH — Pagasa
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Meeting South Korea, Trump could eye new chance with North
