RE: ALL TAXES EXCEPT INCOME TAX, IMPOSED ON THE BUSINESS OPERATIONS OF THE CULTURAL CENTER OF THE PHILIPPINES SHALL BE REMITTED DIRECTLY TO THE CULTURAL CENTER...

• Number: Presidential Decree No. 1825
• Sections: 4

Preamble

WHEREAS, Presidential Decree No. 15, as amended by

Presidential Decree No. 1444, exempts the Cultural Center of the Philippines

(CCP) from taxes except income tax for its business operations;

WHEREAS, Presidential Decree No. 1815, further amended said

Decrees by imposing all taxes on the business ventures of the Center;

WHEREAS, the government is committed to assist the cultural

projects of the Center and has in fact given subsidy to the said Center;

WHEREAS, the Center requires further subsidy from the

government commensurate to the tax exemptions enjoyed under P.D. 1444, as

repealed by P.D. 1815;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution, do hereby

order and decree;

Section 1

SECTION 1. All taxes, except income tax, imposed on the

business operations of the Cultural Center of the Philippines shall, in lieu of

being paid directly to the Bureau of Internal Revenue be remitted directly to

the Cultural Center of the Philippines; such fund to be used by the Center for

its cultural activities. As such, these taxes shall be part of the expenses of

its business operations and shall not in any way place the business operations

of the Center such as the hotel, at an undue advantage over the other hotels

which are required by law to pay these taxes.

Section 2

SEC. 2. The Center shall report to the Bureau of Internal

Revenue the amount of taxes so transferred for cultural activities of the Center

within five (5) days from its accrual.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 16th day of January, in the year of Our

Lord, nineteen hundred and eighty-one.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive

Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981