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., This news data comes from:http://redcanaco.com
“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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
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.
- ₱1.7M shabu seized in Taguig buy-bust
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- 'God's Influencer' to become first millennial saint
- DILG suspends classes, gov’t work in 17 areas
- PNP chief leads fun run
- Kris Aquino is alive, says friend amid reports of death
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- SC orders comment on petitions vs polls
