(BIR Advisory issued on January 17, 2022)
This Tax Alert is issued to inform all concerned taxpayers of the relaxed rules on the submission of Certificate of Compensation Payment/ Tax Withheld for Compensation Payment With or Without Tax Withheld (BIR Form No. 2316).
In 2021, the BIR issued RMC No. 18-2021 which allowed the submission of BIR Form 2316 without the signature of the concerned employee, provided that the certificates are duly signed by the authorized representative of the taxpayer-employer.
As advised by the BIR, such relaxed rule on the acceptance of BIR Form 2316 is still allowed.
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