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://vejeubyv.052298.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).
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“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.
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Over 800 killed as quake rocks Afghanistan
- Made in China? The remarkable tale of Venice's iconic winged lion
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Earthquake kills 250, injures 500 in Afghanistan
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Hontiveros pushes P15,000 salary hike for teachers
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Go Negosyo, CFO push migrant empowerment
