quarter. Although every merchandise broker is subject to the fixed privilege tax, payable in advance, above established, yet, if at the end of the quarter it is found that the gross amount of his compensation has reached five hundred pesos or more, he will be allow ed a credit equivalent to one quarter's fixed tax on the percentage tax due from him. In any case the amount of his compensation must be reported quarterly within the time established for the other quarterly reports of sales and receipts. IAETDc [2541-8.] S ECTION  1622 . Increase of Tax on Cockpits . — A municipal council may by ordinance in any year fix the tax for the ensuing calendar year or years on any cockpit in any such municipality at a larger amount than that stated above. Written notice of such action shall be sent to the Collector of Internal Revenue before the same shall become effective. [2339-47.] S ECTION  1623 . Reduction of Tax on Race Tracks . — The provincial board of any province or the city council of Baguio, for said city, may in any year reduce the per diem tax on race tracks for the ensuing calendar year or years to any amount not less than tw enty pesos; but no such reduction shall be made for the city of Manila. Written notice of such action shall be sent to the Collector of Internal Revenue before the same shall become effective. [2339-48.] S ECTION  1624 . Privilege Secured by Payment of Tax . — A person who has paid the tax as a manufacturer of distilled spirits, manufactured liquors or wines, fermented liquors, cigars, cigarettes, snuff, or other manufactured tobacco may, without further payme nt of privilege tax, sell his products at wholesale and in the original packages at the place of manufacture, but not otherwise. A retail liquor dealer may without further payment of privilege tax engage in business as a retail vino dealer; and a retail dealer in fermented liquors may without further payment engage in business as a retail dealer in  tuba ,  basi , and tapuy . EaISTD [2339-49.] 489 Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Law Encyclopedia 2011