Republic Acts1 min read
Section 21Sec./Art. 21
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Tax Exemptions on Importations.- The importations of equipment, apparatus and materials to be actually, directly and exclusively used in the operation of the Network, whether purchased from or donated by any foreign government and/or private entity shall be free from the payment of any and all forms of taxes, license fees and customs duties that may be levied upon them.
Such equipment and apparatus shall include cameras, TV monitors and recorders, TV transmitters, electronic tubes, editing machines, and all such necessary equipment required for television broadcasting:Provided,That the subsequent importation of the equipment, apparatus and materials shall be subject to review by the Department of Finance:Provided, further,That in the event the equipment, apparatus and materials are sold to non-tax exempt persons or entities, the buyers shall be considered the exporters and who shall then be subject to tax.
TITLE X - EMPLOYEES OF THE NETWORK
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