|COMMONWEALTH ACT NO. 128 - AN ACT TO IMPOSE A PERCENTAGE TAX ON THE GROSS RECEIPTS OF THEATERS, CINEMATOGRAPHS, CONCERT HALLS, CIRCUSES, CABARETS, RACE TRACKS, AND OTHER PLACES OF AMUSEMENT|
1. In addition to the fixed tax prescribed in Act Numbered Twenty-nine
hundred and eighty-four, as amended by Act Numbered Thirty-eight
hundred and thirty-five, section one of Act Numbered Twenty-nine
hundred and twenty-five, and section one of Act Numbered Thirty-nine
hundred and sixty-three, there is hereby imposed a tax equivalent to
five per centum of the gross receipts of theaters, cinematographs,
concert halls, circuses, boxing exhibitions, cabarets, race tracks,
cockpits and other places of amusement whose admission prices exceed
forty centavos, but not including the receipts from the sale of
liquors, beverages or other articles subject to the specific tax for
the conduct of which business the corresponding fixed internal-revenue
tax has been paid. The tax on gross receipts herein imposed, shall be
collected in the same manner, at the same time, and subject to the same
penalties, as the internal-revenue percentage taxes imposed under
Article V, Chapter forty, of the Revised Administrative
Section2. The tax herein imposed shall not be paid where the admission fees or charges are collected by or and in behalf of any religious, charitable, scientific or educational institution or association and where no part of the net proceeds of such admission fees or charges inures to the benefit of any private stockholder or individual.
Section3. The collection of the tax provided for in this Act shall be made by the Collector of Internal Revenue or his deputies under such rules and regulations as may be prescribed by the Secretary of Finance.
Section4. All administrative, special, and general provisions of law, including the laws in relation to the assessment, remission, collection, and refund of internal-revenue taxes, not inconsistent with the provisions of this law, are hereby extended and made applicable to all of the provisions of this law and to the tax herein imposed.
Section5. All collections made under this law shall accrue to the general funds of the National Government.
Section6.This Act shall take effect upon its approval.