Amusement Tax Exemption of the Boxing Exhibition

October 30, 1958 BIR RULING NO. 610-58 Maj. Jaime F. Villafuerte Chief, Special Services Section Headquarters, Philippine Constabulary Camp Crame, Quezon City S i r : With reference to your letter dated October 29, 1958 requesting the full exemption from the amusement tax of the boxing exhibition to be sponsored by the Philippine Constabulary to be held at the Rizal Memorial Coliseum on November 21, 1958. I have the honor to inform you that, considering that the entire proceeds therefrom shall be turned over to the HPC Dependents Ward Fund for the financing of much needed expansion and improvement of medical facilities, your request is hereby granted. It is, however, required that a statement of receipts and disbursements made in connection with the said game supported by receipts and vouchers be submitted to this Office within ten (10) days thereafter, together with a certified copy of the receipt signed by any responsible official of the Philippine Constabulary acknowledging the receipt of the net proceeds derived therefrom, otherwise, this Office will proceed to assess and collect the total amount of the amusement tax that may be due in accordance with the National Internal Revenue Code, as amended. It is understood that the funds that will accrue from the aforementioned admission fees shall be subject to audit by a representative of the Auditor General in accordance with the accepted auditing procedures. aisadc Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue