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.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
“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://www.gyglfs.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.
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- New mining law to balance profit, ecology
- New judge to handle Dengvaxia cases named; hearing set
- Major road closures in Manila announced for 2025 Bar Examinations
- UK, Japan, South Korea endure hottest summer on record
- Marcos willing to submit to a lifestyle check
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Inflation up 1.5% in August
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Go seeks more support for Filipino athletes
- Passenger with fake Overseas Employment Certificate barred from leaving
