BIR Form 2555 required for DPWH final payments

Ask AI

DPWH DEPARTMENT ORDER NO. 34: BIR Form 2555 required for DPWH final payments

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: BIR Form 2555 required for DPWH final payments

Law: Dpwh Department Order No. 34

Decision Date: Feb 26, 1993

Contractors must present a completed Application for Final Payment Release Certificate (BIR Form No. 2555) stamped by the BIR before receiving final payment for civil works contracts and any price adjustments, as mandated by the Department of Public Works and Highways.

payment release

A

Presentation of BIR Form No. 2555

Contractors must submit a properly accomplished Application for Contractor's Final Payment Release Certificate using BIR Form No. 2555.
The form must be duly stamped by the receiving BIR office, indicating compliance and clearance.

Scope of Application

This procedure applies to all final payments for work accomplished under civil works contracts.
It also applies to final payments related to price escalation or adjustment claims.

Documentation Requirement for Disbursement

Officials and employees of the DPWH are directed to require the contractor's copy of the Application for Contractor's Final Payment Release Certificate.
This document must be included as part of the supporting documents for the Disbursement Voucher.
Payment shall not be processed without this compliance.

Immediate Effectivity and Administrative Directive

The order is effective immediately as of February 26, 1993.
It is an administrative directive signed by the Acting Secretary of DPWH to ensure proper tax compliance in contract disbursements.

Important Legal Concepts

Coordination between DPWH and BIR to enforce tax clearance before payment.
Use of standardized form (BIR Form No. 2555) for uniformity and verification.
Emphasis on documentary requirements to uphold fiscal responsibility and prevent tax evasion related to government contracts.

END