REVENUE MEMORANDUM CIRCULAR NO. 29 – 2024
Extends the deadline for submitting the BIR’s copy of BIR Form No. 2316 from February 28, 2014 to March 31, 2024. For purposes of uniformity in the submission of other reportorial requirements in relation to the submission of BIR Forn No. 2316, only the following documents shall be required by all Revenue District Offices:
1. Sworn Declaration (Annex “C”) under 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 submission of copies of BIR Form No. 2316 without the signature of the concerned employee under RMC 18-2021 was due to COVID-19 limitations and given the current circumstances, the said RMC was no longer allowed, more particularly for those employees who are qualified for substituted filing.
Furthermore, those taxpayers who already submitted the certificate using the old format (2018 version) need not resubmit, provided the withhold tax computation aligns with the 2023 income tax rates.