BIR RMC No. 29-2024

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

The Bureau of Internal Revenue Issued Revenue Memorandum Circular No. 29-2024 which states the Extension of the deadline for the submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form 2316)  

The deadline of the submission is hereby extended from February 28, 2024 to March 31, 2024.  

Reportorial requirements in relation to the submission of Form 2316, only the ff documents shall be required:  

📌Sworn Dec (Annex “C”) under Revenue Regulations (RR) No. 2-2015 

📌Certification of the List of Employees Qualified for Substituted Filing of their Income Tax Return (Annex “F”) under RR No. 11-2018 

For those who have submitted the BIR’s copy of the said Certificate using the 2018 version shall no longer re-submit using the new format (2021 version), provided that the computation of the withhold tax reflected in the said form is based on the 2023 income tax rates. 

See below:

BIR RMC No. 29-2024

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