Republic Act No. 1812 (RA 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.
Republic Act No. 1812 (RA 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.
Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
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:
"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 a t least sixty per cent or the capital of whichis owned by such citizens."
