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., This news data comes from:http://uuw.jyxingfa.com
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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- Pump prices increase for 2nd straight week
- Ukraine says Russia linked to lawmaker's killing
- House resumes budget briefings
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Laws signed on holidays, court branches
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- AKG chief denies using ‘kidnap’ car for personal purposes
- Tokyo logs record 10 days of 35 C or higher
