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12. A boxing exhibition, in order to be exempt from the Percentage Tax on Amusements must be a A titled or non-titled bout involving at

12. A boxing exhibition, in order to be exempt from the Percentage Tax on Amusements must be a A titled or non-titled bout involving at least one Filipino boxer b. Promoted by a Filipino citizen or a corporation where at least 60% of the capital stock is owned by a Filipino citizen ar citizens C. Both (a) and (b) d, Neither (a) nor (b)

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