Contractors to Face Tax Fraud Audit - BusinessWorld Online

BIR to probe flood control projects for tax fraud

MANILA, Philippines –  The Bureau of Internal Revenue said it will open a tax fraud investigation into contractors linked to questionable flood control projects. READ: Philippine business groups back San Miguel flood control offer “Should any contractor be found to have underpaid or evaded taxes, the BIR will not issue an updated tax clearance to

Contractors to face tax fraud audit - BusinessWorld Online

THE BUREAU of Internal Revenue (BIR) will investigate the contractors allegedly involved in anomalous flood control projects for possible tax fraud, according to Commissioner Romeo D. Lumagui, Jr. “The BIR will undertake a parallel investigation of contractors implicated in irregular flood control projects. We will support the President’s crusade by auditing the tax returns and payments of these entities,” Mr. Lumagui said in a statement on Tues…

BIR to audit contractors flagged for ghost flood projects for tax fraud

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 gove…

BIR to conduct parallel tax fraud probe on flood control contractors

The Bureau of Internal Revenue (BIR) announced Tuesday that it has initiated a tax fraud investigation on contractors involved in anomalous flood control projects as identified by President Ferdinand “Bongbong” Romualdez Marcos Jr. in his ongoing audit.

BIR to conduct tax audit on anomalous flood control contractors

Press Release Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. (Photo courtesy of BIR) MANILA – Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. has directed the initiation of a tax fraud investigation targeting contractors involved in anomalous flood control projects, as identified by President Ferdinand R. Marcos Jr. Lumagui has instructed all BIR offices to closely monitor developments in the President’s investigation …