Tax Exemption of Educational Films or Those Used for Visual Education

No date supplied BIR RULING NO. 632-58 The Philippine Manufacturing Co. P. O. Box 302, Manila Gentlemen : With reference to your letter of the 26th ultimo, I have the honor to inform you that, pursuant to Section 146 of the National Internal Revenue Code, educational films or those used for visual education are exempt from the specific tax prescribed in said section. llcd This Office will authorize the release of the films entitled, "Toilet Goods Symposium" and "Case Soap Symposium", which have been imported by you from the United States, provided that a day is set aside for the screening of those films where a representative of this Office shall be present to view them and provided further that a bond is filed by you to secure the payment of the specific tax that may be due thereon, should this Office finally decide that they are not educational films or films used for visual education. In this connection, it may be stated that the bond to be filed by you should conform to the provisions of General Circular No. V-269. cdll Very truly yours, (SGD.) MISAEL P. VERA Acting Deputy Commissioner of Internal Revenue