BIR Form 2316 is often confused as the Income Tax Return for Individuals. It is not. Although such confusion is justifiable since filing of BIR Form 2316 could be tantamount to ITR when one is qualified for substituted filing.
Latest updates on BIR Form 2316 requirements
Under the provisions of Revenue Regulations (RR) No. 11-2018, here are updates on frequently asked questions on BIR Form 2316.
Newly revised BIR Form No. 1701Q
The BIR issued the revised BIR Form No. 1701Q (Quarterly Income Tax Return) January 2018 (ENCS) in conformity with the provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
New BIR Form Nos. 0619E and 0619F
Yes, filing of withholding tax returns had become quarterly but wait, amount withheld still needs to be remitted monthly using the BIR Monthly Remittance Forms, BIR Form Nos. 0619E and/or 0619F.
New BIR Forms 1601EQ and 1601FQ
New friends for your storage and filing cabinets, BIR Forms 1601EQ and 1601FQ.
