Here's Everything You Need to Know About the "Social Media Influencer Tax"
While the new BIR circular may cause some confusion and anxiety, the reality is that there's no need to worry.
The Bureau of Internal Revenue issued Revenue Memorandum Circular 97-2021 earlier this month. The circular essentially clarifies the income generated by so-called social media influencers, or those who are earning by producing content through online platforms such as Facebook, Instagram, YouTube, TikTok,