50% Exemption on the Benefit Movie and Stage Presentations

November 10, 1958 BIR RULING NO. 637-58 10th World Jamboree Committee Boy Scouts of the Philippines 181 Concepcion St., Manila Attention : Mr . Carlos Palanca , Jr . Gentlemen : With reference to your letter dated November 8, 1958 requesting the exemption from tax of the benefit movie and stage presentations to be undertaken by you in connection with the fund raising campaign for the 10th World Boy Scouts Jamboree, I have the honor to inform you that you are hereby granted a 50% exemption, pursuant to Section 261 of the National Internal Revenue Code. It is, however, required that a statement or receipts and disbursements made in connection with the said presentations, 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 Committee acknowledging the receipt of the net proceeds derived therefrom, otherwise this Office will 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 admission fees to said presentations shall be subject to audit by a representative of the Auditor General in accordance with the accepted auditing procedures. cdti Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue