BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 17, 1966
Full text
October 17, 1966 Foundation for Bangungot Research, Inc. 1729 J. P. Laurel Sr. San Miguel, Manila Attention: Mr . Alberto Benipayo President Gentlemen : This refers to your request for information as to whether you may be exempted from the payment of amusement taxes on admission fees or charges to benefit shows and jai-alai games to be held for the purpose of raising funds for your foundation. In reply, I have the honor to inform you that while it may be true the National Science Development Board has determined that you have been organized for scientific advancement and therefore, entitled to the tax exemption provided for in Section 24 of Republic Act No. 2067, as amended by Republic Act No. 3589, however, you are not exempt from the amusement tax due on the admission fees to or gross receipts derived for the benefit shows and the jai-alai games which you may undertake, the amusement tax not being included in the grant of tax exemption provided for in the aforementioned law. LibLex Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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