Publishing Section 9 of Presidential Decree No. 1959 Revising the Specific Tax Rates on Cinematographic Films

December 21, 1984 REVENUE MEMORANDUM CIRCULAR NO. 38-84 SUBJECT : Publishing Section 9 of Presidential Decree No. 1959 Revising the Specific Tax Rates on Cinematographic Films TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, there is quoted hereunder the amendment of Sec. 157 of the Tax Code as provided for under Presidential Decree No. 1959 revising the specific tax rate on cinematographic films. Sec. 9. Section 157 of this Code, as amended, is hereby further amended to read as follows: cdt "Sec. 157. Specific tax on Cinematographic Films . There shall be collected, once only, on cinematographic films including television films, regardless of width, the provision of the existing laws to the contrary notwithstanding, a tax amounting to seventy centavos per linear meter." Features of the amendment A. Rate Previous New Increase Local Films P0.35/1.m. P0.70 P0.35 Per 1.m Imported Films P0.45/1.m. P0.70 P0.25 Per 1.m. B. Date of Effectivity: January 1, 1985 All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. (SGD.) RUBEN B. ANCHETA Acting Commissioner