Tax Exemption for Cinematographic Films Used in Television Broadcasts
Republic Act No. 1919 • Statutes • Republic Acts • Jun 22, 1957
Full text
June 22, 1957 REPUBLIC ACT NO. 1919 AN ACT EXEMPTING CINEMATOGRAPHIC FILMS TO BE USED IN TELEVISION BROADCASTS FROM THE PAYMENT OF ALL KINDS OF TAXES SECTION 1. Any provision of the Philippine Tariff Act of 1909, as amended, the National Internal Revenue Code, as amended, and any other law to the contrary notwithstanding, cinematographic films which would be used in television broadcasts shall be exempt from the payment of all kinds of taxes and customs duty: Provided, however , That if said films should in any case be utilized for other purposes, the corresponding tax due thereon becomes due and collectible in accordance with the regulations prescribed by the Secretary of Finance. SECTION 2. This Act shall take effect upon its approval. Approved: June 22, 1957 Published in the Official Gazette, Vol. 53, No. 19, p. 6468 on October 15, 1957
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