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PRESIDENTIAL DECREE NO. 1815
PRESIDENTIAL DECREE NO. 1815
- AMENDING PRESIDENTIAL DECREE NO. 15, AS AMENDED BY PRESIDENTIAL
DECREE NOS. 179 AND 1444, ENTITLED "CREATING THE CULTURAL CENTER OF THE
PHILIPPINES, DEFINING ITS OBJECTIVES, POWERS, AND FUNCTIONS AND FOR
OTHER PURPOSES"
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WHEREAS,
pursuant to Presidential Decree No. 15 as last amended by Presidential
Decree No. 1444, the hotel business of the Cultural Center of the
Philippines, under the trade name Philippine Plaza Hotel, is exempt
from all forms of taxation, except income tax; chanroblesvirtualawlibrary
WHEREAS, the tax-exemption now being enjoyed by the Philippine Plaza
Hotel places it at an undue advantage over the other hotels which are
required by law to pay taxes.
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:cralaw:red
Section 1. Section 13 of the Presidential Decree No.
15, as last amended by the Presidential Decree No. 1444 is hereby
further amended to read as follows:cralaw:red
"Sec. 13. Tax Exemption. — The provisions of Section
1205 of the Tariff and Customs Code, as amended by Presidential Decree
No. 34 dated October 28, 1972, Section 204 of the Tax Code of 1977, as
amended, and other existing laws notwithstanding, the Center shall be
exempt from all forms of taxation whatever including withholding taxes
on fees paid to foreign artists passed on to the Center by contract,
and from duties and all other imposts on any equipment, articles,
goods, or services that it may import from abroad, which may be
reasonably necessary for use in or part of its operations. This
exemption shall not apply to business ventures of the Center."
Section 2. 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.
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