RMC No. 29-2024 — Extension of the deadline for the submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form No. 2316) and clarifications in relation thereof

REPUBLIC OF THE PHLIPPINES BUREAU OF INTERNAL REVENUE NN Y}CJ

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Nationat Office Building Quezon City RECORDS MGT. DIVISION GUUI FE& 28374 50am

2 6 FEB 2024

REVENUE MEMORANDUM CIRCULAR NO. 29- 2074

SUBJECT Compensation Payment/Tax Withheld (BIR Form No. 2316) and Clarifications in Relation Thereof Extension of the Deadline for the Submission of the Certificate of

TO All Revenue Officiats, Employees and Others Concerned

This Circular is hereby issued to inform all concerned taxpayers that the deadline of submission of the BIR's copy of BIR Form No. 2316 is hereby extended from February 28, 2024 to March 31, 2024.

in relation to the submission of BIR Form No. 23 16, only the following documents shall be required Accordingly, for purposes of uniformity in the submission of other reportorial requirements

by all Revenue District Offices:

1. Sworn Declaration (Annex "C") under Revenue Regulations (RR) No. 2-2015; and 2. Certification of the List of Employees Qualified for Substituted Filing of their Income

Tax Return (Annex "F") under RR No. 11-2018.

Further, the primary reason for the submission of copies of BIR Form No. 2316 without the signature of the concerned employee under Revenue Memorandum Circular (RMC) No. 18. 2021 was due to the limitations brought by the COVID-19 pandemic. In the light of the current

qualified for substituted filing. circumstances, the same shall no longer be allowed, more particularly for those employees who are

Certificate using the old format (2018 version) shall no longer re-submit using the new format Furthermore, those taxpayers who have already submitted the BIR's copy of the said

(2021 version), provided that the computation of the withhold tax reflected in the said form is based on the 2023 income tax rates.

Circular as wide a publicity as possible. All revenue officials, employees, and others concerned are hereby enjoined to give this

issioner of Internal Revenue Umagu, JR.

J-S a