BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 24, 1968
Full text
September 24, 1968 Atty. Benjamin Tabique Over-All Coordinator Agro-Industrial, Commercial, Carnival and Fair Cagayan de Oro City S i r : This refers to your letter dated July 25, 1968 requesting that the proceeds derived by the Agro-Industrial, Commercial, Carnival and Fair from the cockfights which it sponsored at the Cagayan de Oro Coliseum on August 26, 27 and 28, 1968 be exempted from the payment of amusement taxes. In reply, we regret to inform you that your request cannot be granted for lack of legal basis. Section 261 of the National Internal Revenue Code grants partial exemption from the amusement tax at the reduced rate of fifty per centum to duly registered charitable institution only. Since the Agro-Industrial, Commercial, Carnival and Fair is not a charitable institution, it is not entitled to the said exemption. lexlib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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