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., This news data comes from:http://xwak.yamato-syokunin.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
- Portugal mourns after Lisbon streetcar accident kills 15
- Thai woman jailed for 43 years for lese majeste freed
- Australia expels Iran ambassador over antisemitic attacks
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- N. Korea test-fires two 'new' air defense missiles
- Thousands protest in Indonesia as military deployed in capital
- WorldSkills Asean Manila begins
- Earthquake kills 250, injures 500 in Afghanistan
- China to bolster non-Western alliances at summit, parade
- South Korea's Lee faces pivotal test at first summit with Trump
