BIR Ruling

November 14, 1975 Manila Golf & Country Club, Inc. C. C. P. O. Box 596 Makati, Rizal D-708 Attention: Mr . G . L . Leuterio President Gentlemen : In reply to your letter dated November 8, 1975, I have the honor to inform you that the holding of apro-am golf tournament on November 28, 1975 which is organized and sponsored by the Colgate Palmolive Philippines, Inc. (CCP), using your Club course and facilities under the following condition: "We have agreed in principle to CCP's request provided CPP will handle, manage and underwrite the entire event, attend to the needs of the non-member spectators, reimburse us for our expenses and maintenance costs for such event, and indemnify us for any loss or damage we may incur by reason of acts of non-members who would come to our Club. CCP will charge reasonable admission fees for persons desiring to see the tournament, all of which will be donated to the Sports Center of the Philippines and our Club will not share any portion of such fees. CCP will provide food concessionaires to cater to the needs of the spectators as our dining hall and bar will be open only to our members and their accompanied guests and we will not charge these food concessionaires for catering and selling food and drinks in our premises CCP will provide the tee markers, uniforms for marshalls and makers, score boards, gallery ropes, security guards, and all other things needed for the tournament." will not in any way adversely affect your tax-exempt status as a club organized and operated exclusively for pleasure, recreation, and other non-profitable purposes, in accordance with Section 27(h) of the Tax Code. aisa dc Very truly yours, (SGD.) EFREN I. PLANA Acting Commissioner of Internal Revenue TAN 1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."