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, POW…

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;

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:

SECTION 1. Section 13 of Presidential Decree No. 15, as last
amended by Presidential Decree No. 1444 is hereby further amended to read as
follows:

“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.”

SEC. 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.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JUAN C. TUVERA
		Presidential Executive Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981