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., This news data comes from:http://bv.ycyzqzxyh.com
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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Australia halts logging for koala haven on eastern coast
- Marcos signs law giving 99-year land lease to foreign investors
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Philippines to work more closely with US amid regional challenges
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Vico encourages citizens on Heroes’ Day to be brave
- Philippines to launch shame campaign vs traffic violators
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- LTO summons driver who berated enforcer
- US church shooter 'obsessed with idea of killing children'
