RE: ALL TAXES EXCEPT INCOME TAX, IMPOSED ON THE BUSINESS OPERATIONS OF THE CULTURAL CENTER OF THE PHILIPPINES SHALL BE REMITTED DIRECTLY TO THE CULTURAL CENTER…

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;

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 to the said Center;

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repealed by P.D. 1815;

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. 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.

SEC. 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.

SEC. 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.

			(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