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Tax Law
Approved June 22, 1957

Republic Act No. 1824

An act to exempt from amusement tax, under certain conditions, boxing exhibitions wherein world championship in any division is at stake, amending for the purpose the national internal revenue code

An Act to Exempt from Amusement Tax, Under Certain Conditions, Boxing Exhibitions Wherein World Championship in Any Division is at Stake, Amending for the Purpose the National Internal Revenue Code

In plain language

This act amends the National Internal Revenue Code to exempt certain boxing exhibitions from amusement tax, provided that at least one contender is a citizen of the Philippines and the event is promoted by a Filipino citizen or a Filipino‑majority corporation.

  • Insertion of Sec. 260-C into the NIRC granting tax exemption for boxing exhibitions with a world championship at stake if at least one contender is Filipino and promotion is by a Filipino or Filipino‑majority entity.
Tax
Amusement Tax
Sports
Boxing
Philippines
NIRC

REPUBLIC ACT No. 1824

An Act Appropriating One Hundred and Twenty Thousand Pesos to Defray the Expenses of a State Funeral for Ramon Magsaysay and for the Erection of a Temporary Mausoleum to Contain His Remains and to Defray the Funeral and Other Expenses of All the Other Persons in His Party

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

WHEREAS, Ramon Magsaysay, President of the Philippines, who died on the seventeenth day of March, nineteen hundred and fifty-seven dedicated his life and labors to the service of his country.

WHEREAS, it is fitting and proper that his remains be laid to rest in a manner that will perpetuate his memory and express our people's love and respect for him: Now, therefore,

Section 1

The sum of one hundred and twenty thousand pesos, or so much thereof as may be necessary, is hereby appropriated out of any funds in the National Treasury not otherwise appropriated, to defray the expenses of a state funeral for Ramon Magsaysay, the late President of the Philippines, and for the erection of a temporary mausoleum to contain the remains of the great leader and, also, to defray the funeral and other expenses of all the other deceased persons in his party.

Section 2

This Act shall take effect upon its approval.

Approved: June 22, 1957.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.