Social Media

I still don’t understand RMC-97, what is it about?

What is Revenue Memorandum Circular 97-2021? RMC 97-2021 was issued by the Bureau of Internal Revenue in August 2021, depicting the taxations of any income received by Social Media Influencers. Social media influencers are defined by section 3 of the said circular as “all taxpayers, individuals or corporations, receiving income, in cash in kind, from …

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