The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 29-2024 extending the deadline for the submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form No. 2316) from February 28, 2024 to March 31, 2024.
- For purposes of uniformity in the submission of other reportorial requirements, only the following documents shall be required by all Revenue District Offices (RDOs): Sworn Declaration (Annex “C”) under Revenue Regulations (RR) No. 2-2015 and the Certification of the List of Employees Qualified for Substituted Filing of their Income Tax Return (Annex “F”) under RR No. 11-2018;
- The submission of copies of BIR Form No. 2316 without the signature of the concerned employee under RMC No. 18-2021 shall no longer be allowed, more particularly for those employees who are qualified for substituted filing;
- Taxpayers who have submitted their BIR’s copy of the 2316 forms using the old format (2018 version) shall no longer resubmit using the new format (2021 version), provided that the computation of the withholding tax reflected is on the 2023 income tax rates.
