Amusement Tax Exemption on the Proceeds Derived from the "Journey" Film Showing

February 10, 1959 BIR RULING NO. 059-59 The Department Commander American Legion Headquarters, Philippine Dept. P. O. Box 556, Manila S i r : In answer to your letter of the 5th instant, requesting exemption from the amusement tax on the proceeds to be derived from the benefit showing of the film, the Journey, on March 20, 1959, I have the honor to inform you that your request is hereby granted to the extent of 50% only, provided that, as stated therein, the net proceeds to be realized from said benefit show shall be used by that Legion for its child welfare and veterans rehabilitation projects. In this connection, it is requested that a statement of receipts and disbursements, duly supported by receipts and vouchers, be submitted within ten (10) days after holding the benefit show, together with a certificate, or a certified copy thereof, signed by a responsible official of the American Legion, acknowledging receipt of the net proceeds realized from the benefit show; otherwise, this Office will proceed to assess and collect the tax that may be due on the proceeds in question. It is understood that the funds that will accrue from the receipts of the show shall be subject to audit by a representative of the Auditor General in accordance with accepted auditing procedures. cdtech Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue