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RA 1812
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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

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Year:

1957

Category:

Other

Date Approved:

June 22, 1957

Summary

Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.

This Act exempts certain boxing exhibitions from amusement tax when a world championship is at stake, provided that at least one contender is a Filipino citizen and the event is promoted by Filipino citizens or a corporation with majority Filipino ownership. It amends the National Internal Revenue Code to include this exemption.
Full Text


REPUBLIC ACT No. 1812

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

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

Section 1. The National Internal Revenue Code is amended by inserting between sections two hundred sixty-B and two hundred sixty-one thereof the following new section:

Section 2. This Act shall take effect upon its approval.

Approved: June 22, 1957.


"Sec. 260-C. Certain boxing exhibitions exempted. -Boxing exhibitions wherein world championship in any division is at stake shall be exempt from amusement tax: Provided, That at least one of the contenders for world championship is a citizen of the Philippines, and said exhibitions are promoted by a citizen or citizens of the Philippines or by a corporation or association at least sixty per cent of the capital of which is owned by such citizens."

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Official source from LawPhil:

View on LawPhil Last updated: Jul 1, 2026
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.