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PRESIDENTIAL DECREE NO. 486
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PRESIDENTIAL DECREE NO. 486 -
EXEMPTING FROM TAX PRIZES OF MISS UNIVERSE CONTESTANTS AND CERTAIN
EQUIPMENT AND FACILITIES TO BE USED IN CONNECTION WITH THE MISS
UNIVERSE BEAUTY PAGEANT.
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WHEREAS,
the Philippines will play host to the 1974 Miss Universe Beauty Pageant
to be held in Manila; and
WHEREAS, as a gesture of courtesy and good will to the various beauty
representatives of the nations participating therein;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the authority vested in me by the Constitution, do hereby
order and decree:cralaw:red
Section 1. All prizes in cash or in kind, including
talent fees and gifts given to the winning candidates and the
participants in the Miss Universe Beauty Pageant during and in
connection with the said Pageant shall be exempt from any and all taxes
due to the Philippine Government. chanroblesvirtualawlibrary
Section 2. Television and movie equipment and
facilities brought to the country by the technical crew of Miss
Universe Inc. to be used for the coverage of the Pageant shall be
exempt from all customs duties and taxes or bonds in lieu thereof;
Provided, That the listing, specifications and details of said
equipment and facilities shall be furnished to the Commissioner of
Customs and the Department of Tourism; and provided, further, that none
of said equipment and facilities shall remain in the Philippines after
the Pageant otherwise full customs duties shall be levied and collected
on them.
Section 3. All necessary rules and regulations to
implement this Decree shall be promulgated by the Secretary of
Finance. chanroblesvirtualawlibrary
Section 4. This Decree shall take effect immediately.
DONE in the City of Manila,
this 19th day of June, in the year of Our Lord, nineteen hundred and
seventy-four.
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