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., This news data comes from:http://www.gyglfs.com
“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.
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.
- Putin and Modi in China for summit hosted by Xi
- Unnamed skeletons? US museum at center of ethical debate
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- DPWH exec asked lawmaker to make budget insertions — Lacson
- DFA: No US extradition request for Quiboloy
- Bolsonaro verdict looms as Brazil coup trial closes
- Discaya companies' licenses revoked for bid-rigging
- South Korea's Lee faces pivotal test at first summit with Trump
- Chinese bridge collapse kills at least 12 construction workers
- Marcos soon to create commission to probe flood control projects
