Amusement Tax Exemption on the Receipts Derived by the International Broadcasting Corporation
BIR Ruling No. 540-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 3, 1958
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October 3, 1958 BIR RULING NO. 540-58 His Honor The City Mayor Manila S i r : In answer to your letter of the 30th ultimo, requesting exemption from the amusement tax on the receipts to be derived by the International Broadcasting Corporation from the basketball exhibition games which are to take place on October 11, 12, 17 and 18, 1958, at the Rizal Memorial Coliseum, I have the honor to inform you that, as said games shall be promoted for the benefit of the Boys' Town of Manila, a government charitable institution, your request is hereby granted in accordance with Section 261 of the National Internal Revenue Code. Accordingly, the rates of amusement tax payable on the receipts in question shall be 50% only of those prescribed in Section 260 of the Tax Code. cdt Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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