Adopted: 23 April 2014
Date Filed: 30 April 2014

WHEREAS, the Electronic Filing (e-Filing) and Payment (e-Payment) System (eFPS) is the electronic processing and transmission of taxpayer ™s tax return information (including attachments) and taxes due to the government, made through the BIR Website via the internet.

WHEREAS, the eFPS will provide taxpayers with a convenient, secure and confidential way to file their tax returns and pay their taxes available any time, anywhere by having a computer, internet connection and a valid email address;

WHEREAS, the Income Tax Return (ITR) and the attached Audited Financial Statements (AFS) are documents needed to support a contractor ™s financial qualification;

WHEREAS, to ensure that only qualified contractors are issued contractors ™ licenses such that verification of contractors ™ document submitted in support of its qualification is a standard procedure in PCAB;

WHEREAS, PCAB has received Audited Financial Statements and Income Tax Return which the contractor-applicant has prepared for purposes other than submission with the BIR.

WHEREAS, for facility in verifying the financial qualification, the electronic record with the BIR may be accessed;

NOW THEREFORE, for and in consideration of the foregoing premises, the Board RESOLVED that contractors with Category œB  and above shall be required to submit their ITR and AFS filed with the BIR under the eFPS to prove their financial qualification starting CFY 2015-2016.

UNANIMOUSLY APPROVED.

23 April 2014, Makati City, Philippines.