Summary
RMC No. 91-2012 supplements the guidelines of RMC No. 63-2012 on invoicing and recording of income payments for media advertising placements under a split payment scheme.
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Key points
- Split payment arrangement. The advertiser may contract directly with a media entity or supplier and with an advertising agency for media placements.
- Limit of payments. The income payments the advertiser makes directly to the media supplier and to the agency are limited to the cost of the service each provides.
Who is affected
- Advertisers
- Media suppliers
- Advertising agencies
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.