REVENUE MEMORANDUM CIRCULAR NO. 91-2012 issued on December 28, 2012 supplements the guidelines in Revenue Memorandum Circular No. 63-2012 on invoicing and recording of income payments for media advertising placements under a split payment scheme or arrangement.

           Under a split payment arrangement, the advertiser may engage or contract directly with a media entity/supplier and an advertising agency for media advertising placements. As such, the income payments directly made by the advertiser to the media supplier and to the advertising agency is limited to the cost of the service provided by each entity.