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.
President Ferdinand Marcos Jr. revealed questionable infrastructure projects, particularly “ghost” flood control works that were reportedly paid for by the government but never constructed.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
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://qrl.yamato-syokunin.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.
- New Zealand to allow some wealthy foreign investors onto property market
- Marcos inspects rock shed project in Benguet
- ERC amends net-metering rules to expand renewable energy options
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- DILG suspends classes, gov’t work in 17 areas
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Argentine police recover Nazi-looted painting spotted in property ad
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- Lacson wants 1-year 'experiment' to break cycle of corruption in the budget process
- LBC Express Holdings top executive to retire in Oct.
