Amusement Tax Exemption on the Proceeds Derived from a "Fashion Show-Concert-Party"

September 26, 1988 BIR RULING NO. 463-88 123 000-00 463-88 Gentlemen : This refers to your letter dated August 30, 1988 stating that the Ateneo Inter-School Business Association, Inc. (IBA) is a non-stock, non-profit organization whose aim is not only to train its members in the field of business but also to promote in them social awareness, social responsibility and social action; that its members are students from the Ateneo University, Assumption College, Maryknoll College, University of the Philippines and De La Salle University as an affiliate; that Ateneo IBA is a Rotaract Club whose major project this year is to develop a community in Tatalon, Quezon City with the following feasible projects; drainage systems, paths (walks) or more public toilets; and that Ateneo IBA is producing a Fashion Show-Concert Party entitled Neos to fund said project to be held at Puerto Real, Intramuros on September 24, 1988. You now request that the proceeds to be derived therefrom be exempt from payment of the amusement tax. In reply, please be informed that the aforesaid Fashion Show-Concert-Party is not one of the activities subject to the amusement tax prescribed by Section 123 of the Tax Code, as amended. Hence, the proceeds to be derived from said Fashion Show-Concert-Party is not subject to said amusement tax prescribed therein. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner