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PRESIDENTIAL DECREE NO. 1825
PRESIDENTIAL DECREE NO. 1825 -
FURTHER AMENDING PRESIDENTIAL DECREE NO. 15 (CULTURAL CENTER OF THE
PHILIPPINES), AS AMENDED BY PRESIDENTIAL DECREE NO. 1444 AND 1815
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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: chanroblesvirtualawlibrary
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 of the Center;chanroblesvirtualawlibrary
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commensurate to the tax exemptions enjoyed under P.D. 1444, as repealed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;chanroblesvirtualawlibrary
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; chanroblesvirtualawlibrary
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. 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. chanroblesvirtualawlibrary
Section 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.
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