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What is Club Filipino Tax Status and Operations about?

The Club Filipino was organized as a civic corporation under Philippine law with the purpose of operating sports facilities for recreation. Though it had shares, it did not distribute dividends. It operated a bar and restaurant solely for members. The BIR assessed taxes on the bar/restaurant receipts, which the CTA reversed, finding the Club was non-profit. The Supreme Court affirmed, as the bar/restaurant profits were incidental to its recreational purpose, not a separate business.

Author

Katrina Maniquis

Language

EN