Amusement Tax Exemption on the Proceeds to be Derived from the Boxing Exhibition
BIR Ruling No. 148-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 1, 1960
Full text
April 1, 1960 BIR RULING NO. 148-60 His Honor The City Mayor M a n i l a S i r : In answer to your letter of even date, requesting exemption from the amusement tax on the proceeds to be derived from the boxing exhibition to be held on April 2, 1960 at the Rizal Memorial Coliseum which will be sponsored by the Boy's Town under the promotion of Gold Medal Promotions, Inc., I have the honor to inform you that, as the Boy's Town is a government charitable institution, said request is hereby granted but to the extent of 50% only, pursuant to section 261 of the Tax Code. prcd Very truly yours, MISAEL P. VERA Deputy Commissioner of Internal Revenue
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