This Tax Alert is issued to inform all concerned on the extension of deadline for the submission of BIR Form 2316 or the Certificate of Compensation Payment/Tax Withheld to BIR from February 28, 2024 to March 31, 2024.
Accordingly, for purposes of uniformity in the submission of other reportorial requirements in relation to the submission of BIR Form 2316, only the following documents shall be required by all RDO:
The submission of BIR Form 2316 without the employee’s signature shall no longer be acceptable, especially for those who are availing the substituted filing.
In case the taxpayers have already submitted BIR Form 2316 to BIR using the 2018 version, they are no longer required to re-submit using the 2021 version provided that the 2023 income tax rates were used in the computation.
