However, as receipts from boxing exhibitions are subject to only 50% of the rates of amusement...

July 17, 1958 BIR RULING NO. 362-58 The Executive Secretary Council for the Prevention of Juvenile Delinquency Office of the City Mayor Manila M a d a m : In answer to your letter dated June 30, 1958, requesting total exemption from the amusement tax due on the admission fees or charges to be realized by that Council from the boxing exhibition to be held on July 18, 1958 at the Rizal Memorial Coliseum, I have the honor to inform you that, as the holding of such exhibition is not a governmental function, nor an incident thereof, your said request cannot be granted. However, as receipts from boxing exhibitions are subject to only 50% of the rates of amusement tax prescribed in Section 260 of the Tax Code, and since the exhibition in question is to be held for the benefit of the Boy's Town, a government charitable institution, the receipts to be derived from said exhibition are taxable at the rate of only 25% of those prescribed in said section. LLphil Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue