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, This news data comes from:http://vpd-hhu-vyf-vy.xs888999.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.
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- PH has chance of getting UNSC seat - Manalo
- PH eyes global partners in biggest railway project
- 15 companies vie for 'Sustainability Champions' award
- Marcos suspends importation of regular, well-milled rice for 60 days
- NHA gives cash aid to families affected by calamity in Manila
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Israeli forces seize nearly 0,000 in West Bank raid
- COA launches sweeping audit of flood control projects
- Taiwan: China illegally deploying oil rigs in its waters
