REVENUE MEMORANDUM CIRCULAR NO. 53-2012 issued on September 10, 2012 publishes the full text of the Memorandum of Agreement (MOA) between the Tax Management Association of the Philippines, Inc. (TMAP) and the Bureau of Internal Revenue (BIR) and the Mechanics of the TMAP’s Tax Infomercial Competition 2012.
               The competition is open to all college and university students from partner schools which are duly identified by TMAP, with courses, subjects or programs relative to infomercial/film/video production. Each partner school is allowed to submit only one (1) entry to the competition, which should be done by a group duly selected and endorsed by the school.
Entries must have the following characteristics:
               a. Concept and theme must all be original and strictly in relation to the BIR’s mission                             and vision.
               b. Dialogue and written text must be in English or in Tagalog.
               c. Original musical scoring is highly recommended but sound adaptation may also be                            accepted, provided there is no duty to remunerate its creator(s) in anyway.
               d. Film produced or a combination of an animated-film produced format must be used.                        Purely animated film format shall not be allowed and shall automatically disqualify the                      entry.
                e. Entry must be strictly independent and original works and have not been produced or
                    reproduced for commercial screening prior to the competition.
         The deadline for submission of entries is on September 25, 2012 while judging and deliberation will be on October 5, 2012. The entries will be judged based on the following criteria: Content – 50% (concept, theme, relevance, perspective and objectivity); and Creativity – 50% (originality, execution, impact and technical design).
The winning entries shall receive the following prizes:
                                              First Place              –           PhP 100,000.00
                                              Second Place         –           PhP 50,000.00
                                              Third Place:            –           PhP 25,000.00
           Winners shall be announced during TMAP’s 30th Anniversary Program to be held on October 25, 2012. All entries submitted shall become the property of TMAP and the BIR and shall not be returned to the participant of the competition.