Amending the Extended Deadline of Submission of Alphabetical List of Employee/Payees

The Bureau of Internal Revenue (BIR) has recently posted Tax Advisory today (February 26, 2024) announcing the Revenue Memorandum Circular (RMC) No. 29-2024 which extend the deadline of submission of the BIR’s copy of BIR Form No. 2316 from February 28, 2024 to MARCH 31, 2024.

Guidelines and Procedures within the Bureau of Internal Revenue (BIR):

1. For purposes of uniformity in the submission of other reportorial requirements, only the following documents shall be required by all Revenue District Offices (RDOs):

a. Sworn Declaration (Annex “C”) under Revenue Regulations (RR) No. 2-2015; and

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

2. The submission of BIR Form No. 2316 copies without the SIGNATURE of the employee concerned under RMC No. 18-2021 SHALL NO LONGER be allowed, particularly for those employees who are qualified for substituted-filing.

3. Taxpayers who have submitted their BIR’s copy of the 2316 forms using the old format (2018 version) SHALL NO LONGER RE-SUBMIT using the new format (2021 version), provided that the computation of the withholding tax reflected is based on the 2023 income tax rates.

Kindly take note of these advisory for your compliance.

Please refer to this: RMC No. 29-2024.pdf (bir.gov.ph)