5% Tax on Amusement Venue Gross Receipts

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Commonwealth Act No. 128: 5% Tax on Amusement Venue Gross Receipts

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Title Supreme Court: 5% Tax on Amusement Venue Gross Receipts

Law: Commonwealth Act No. 128

Decision Date: Nov 5, 1936

Commonwealth Act No. 128 imposes a 5% percentage tax on the gross receipts of various entertainment venues, excluding those operated by religious or charitable organizations, with revenues directed to the National Government's general funds.

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Relation to Other Taxes

The tax is in addition to fixed taxes prescribed in previously enacted laws (Act Nos. 2984, 3865, 1464 of the Administrative Code, among others).
Collection, timing, and penalties for this tax are governed by the same rules as other internal revenue percentage taxes under Article V, Chapter 40 of the Revised Administrative Code.

Exemptions

Admission fees collected by or for religious, charitable, scientific, or educational institutions are exempt.
The exemption applies only if no part of the net proceeds benefits any private stockholder or individual.

Collection Procedures

Tax collection is the responsibility of the Collector of Internal Revenue or his deputies.
The Secretary of Finance may prescribe rules and regulations governing the collection process.

Applicability of Other Tax Provisions

All general and special laws relating to assessment, collection, remission, and refund of internal revenue taxes apply to this tax except where inconsistent with this Act.

Use of Revenue

All revenue collected under this Act shall accrue to the general funds of the National Government.

Effectivity

The Act took effect immediately upon its approval on November 5, 1936.

END