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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 225 - FURTHER
AMENDING Sec. 228 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
WHEREAS,
the promotion and development of sports is one of the stated policies
of the government;
WHEREAS, professional boxing is one sport where Filipinos have shown an
even chance of excelling and attaining world prominence; and
WHEREAS, there is need to grant tax incentives to enhance the growth
and popularity of professional boxing;
NOW, THEREFORE, I, CORAZON C. AQUINO, president of the Philippines, by
virtue of the powers vested in me by law, do hereby direct and order,
that:
Section 1.
“3.
Sec. 2.
Sec. 3.
Done in the City of Manila,
this 6th day of July, in the year of Our Lord, nineteen hundred and
eighty-seven.
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