Tax Alert No. 47 [Revenue Regulation (RR) No. 16-2021 dated 11 June 2021]

Revised Manner of Submission of Copies of BIR Form Nos. 2307 and 2316

The Secretary of Finance has issued RR No. 16-2021 in relation to the submission of copies of BIR Form Nos. 2307 and 2316.

For the submission of BIR Form No. 2307, the Regulations provided the following procedures in lieu of the submission of hard copies of the Certificate of Creditable Tax Withheld at Source as an attachment to the Summary Alphalist of Withholding Agents of Income Payments Subjected to Creditable Withholding Taxes:

1. Scan the original copies of BIR Form No. 2307 through a scanning machine or device;
   
2. Store the soft copies of BIR Form 2307, using the file format and naming conventions prescribed under the available modes or submission facilities of the BIR; and
3. Submit the soft copies of said BIR Form in accordance with revenue issuances governing the selected modes or submission facilities of the BIR.

On the other hand, in cases covered by substituted filing, the employer shall furnish each employee with the original copy of BIR Form No. 2316 and, in lieu of the submission of hard copies of the duplicate original thereof, the following procedures should be followed:

1. Scan the original copies of BIR Form No. 2316 through a scanning machine or device;
2. Store the soft copies of BIR Form 2316, using the file format and naming conventions prescribed under the available modes or submission facilities of the BIR; and
3. Submit the soft copies of said BIR Form in accordance with revenue issuances governing the selected modes or submission facilities of the BIR.

The aforementioned requirements shall apply to all taxpayers whether or not registered with the BIR’s Large Taxpayers Service.

The Regulations shall take effect on 19 August 2021 (i.e., 15 days following its publication on 4 August 2021 in a newspaper of general circulation).

You may access the full version of the Regulations through the BIR website.