Revenue Memorandum Circular · RMC

RMC 29-2024

To extend the deadline for submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form No. 2316) from February 28, 2024 to March 31, 2024 and to standardize, for uniformity, the reportorial documents required by all Revenue District Offices in relation to its submission.

Bureau of Internal RevenueIndependent research copy

Document type: RMC
Number: 29
Year: 2024
Text quality: Not specified

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RMC No. 29-2024 extends the deadline for submitting the Certificate of Compensation Payment/Tax Withheld (BIR Form No. 2316) from February 28, 2024 to March 31, 2024. For uniformity, all Revenue District Offices shall require only two documents in relation to BIR Form No. 2316 submission: the Sworn Declaration (Annex "C") under RR No. 2-2015 and the Certification of the List of Employees Qualified for Substituted Filing (Annex "F") under RR No. 11-2018. Submission of BIR Form No. 2316 without the concerned employee's signature, previously allowed under RMC No. 18-2021 due to COVID-19 limitations, is no longer allowed, particularly for employees qualified for substituted filing. Taxpayers who already submitted the BIR's copy using the old 2018-version format need not re-submit the 2021 version, provided the withheld tax computation is based on the 2023 Income Tax rates.