Amusement Tax Exemption on the Proceeds Derived from the "Quezon and Our Struggle for Freedom" Film

August 4, 1959 BIR RULING NO. 364-59 The Chairman Quezon Memorial Committee P. O. Box 27, Manila S i r : In answer to your letter of the 29th ultimo, requesting exemption from the amusement tax on the proceeds to be derived from the benefit showing of the film, entitled: Quezon and Our Struggle for Freedom, at the Holiday Theater, Aurora Blvd., San Juan, Rizal, on August 19, 1959, I have the honor to inform you that, based on your representations that such proceeds will be used to hasten the completion of the Quezon Memorial, your said request is hereby granted but to the extent of 50% only, pursuant to section 261 of the National Internal Revenue Code. In other words, the tax due and payable on said proceeds shall be 50% of the rates of amusement tax prescribed in section 260 of the same Code. In this connection, you are requested to submit a statement of receipts and disbursements, duly supported by receipts and vouchers, within ten (10) days after the benefit showing, together with a certified copy of the receipt signed by a responsible official of that Committee acknowledging the receipt of the proceeds therefrom; otherwise, this Office will proceed to assess and collect the corresponding amount of tax that may be due on the proceeds in question. It is understood that the funds that will accrue from the proceeds of said benefit showing shall be subject to audit by a representative of the Auditor General in accordance with accepted auditing procedures. LLphil Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue