Exemption from the Amusement Tax on the Proceeds from Admission to the Boxing Exhibitions
BIR Ruling No. 302-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 25, 1959
Full text
June 25, 1959 BIR RULING NO. 302-59 His Honor The City Mayor M a n i l a S i r : In answer to your letter of the 23rd instant, requesting exemption from the amusement tax prescribed in section 260 of the Tax Code on the proceeds from admission to the boxing exhibitions to be held at the Metropolitan Theater Building, Manila, every Saturday for a period of five (5) years beginning from July 3, 1956, I have the honor to inform you that, based on your representations that the said exhibitions will be for the sole benefit of the Boys' Town of Manila, your request is hereby granted but to the extent only of 50%, pursuant to section 261 of the same Code. Needless to state, the exemption herein granted shall be good only as long as the laws on the matter remain unaltered or unmodified. LLjur Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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