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REPUBLIC ACTS
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| REPUBLIC ACT NO. 1919 - AN
ACT EXEMPTING CINEMATOGRAPHIC FILMS TO BE USED IN TELEVISION BROADCASTS
FROM THE PAYMENT OF ALL KINDS OF TAXES |
| Section
1. Any provision of the Philippine Tariff Act of
1909, as amended, the National Internal Revenue Code, as amended, and
any other law to the contrary notwithstanding, cinematographic films
which would be used in television broadcasts shall be exempt from the
payment of all kinds of taxes and customs duty: Provided, however, That
if said films should in any case be utilized for other purposes, the
corresponding tax due thereon becomes due and collectible in accordance
with the regulations prescribed by the Secretary of Finance. Section 2. This Act shall take effect upon its approval. Approved: June 22, 1957 |
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