Summary
RMC No. 78-2024 adds provisions to RMC No. 47-2024 on the Contest for the Design of the New BIR Logo.
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Key points
- Final tax on prizes. Cash prizes of the winners are subject to a 20% final tax under Section 24(B)(1) of the Tax Code.
- Ties. If the Top 3 Best Entries tie in Total Score, the prize is divided equally among the winners.
- Ownership and waiver. The Top 3 Best Entries become BIR property with exclusive ownership and use. The designers sign a Waiver.
- No unauthorized reproduction. Reproduction of the Top 3 Best Entries by persons not authorized by the Bureau, including the designers themselves, is strictly prohibited.
- Revision rights. The BIR may revise an entry or use parts of a design to produce the final logo, which goes to the National Historical Commission of the Philippines and the Office of the President for approval.
Who is affected
- Winners and designers of the Top 3 Best Entries
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.