The BIR Form 2316, commonly referred to as the Certificate of Compensation Payment or Income Tax Withheld, details the tax that an employer withheld from an employee during a specific calendar year. This form will list the employee's entire yearly earnings as well as the total tax withheld from those earnings.
There is one column that may be updated depending on your point of contact per signatory level. In this instance, you also have to update the signatory shown in the BIR Form 2316. However in cases where you already have an existing signatory, how do the updated signatories reflect in the form? Simply follow these steps:
1. Go to Reports > BIR > 2316
2. Select the Employees
3. Click Unpost
4. Once steps 1 to 3 are done, kindly select the Employees that you need to update the signatories & click Post again.
Things to remember:
- Check if the signatories are already updated by going to Setup > Company > Profile > Company Information.
- This step must be done prior to unposting & posting the BIR Form 2316 again.
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