REPUBLIC ACT NO. 5933 - AN ACT AMENDING SECTION SEVEN OF REPUBLIC ACT NUMBERED SIX HUNDRED NINETY-SEVEN.
[ REPUBLIC ACT NO. 5933, June 21, 1969 ]
AN ACT AMENDING SECTION SEVEN OF REPUBLIC ACT NUMBERED SIX HUNDRED NINETY-SEVEN.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. Section seven of Republic Act Numbered Six hundred ninety-seven is amended to read as follows:
"SEC. 7. The grantee, its successors or assigns, shall be liable to pay the same taxes on its real estate, buildings, and personal property, exclusive of this franchise, as other persons or corporations are now or hereafter may be required by law to pay. In addition, the grantee, its successors or assigns, shall pay to the Treasurer of the Philippines each year, within ten days after the audit and approval of the accounts as prescribed in Section six of this Act, two per centum of all gross receipts of the telephone or other electrical transmission business transacted under this franchise by the grantee, its successors or assigns, and the said percentage shall be in lieu of other taxes, except income taxes."
SEC. 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 21, 1969.
More in Republic Acts
- REPUBLIC ACT NO. 12161, April 11, 2025(REPUBLIC ACT No. 12161)
- REPUBLIC ACT NO. 4330 - AN ACT PROVIDING FOR THREE ADDITIONAL ASSISTANT PROVINCIAL FISCALS FOR THE PROVINCE OF LA UNION, AMENDING FOR THE PURPOSE SECTION SIXTEEN HUNDRED SEVENTY-FOUR OF THE ADMINISTRATIVE CODE, AS AMENDED.(REPUBLIC ACT No. 4330)
- REPUBLIC ACT NO. 10721 - AN ACT SEPARATING THE BACUNGAN NATIONAL HIGH SCHOOL – PALANDOK ANNEX IN BARANGAY PALANDOK, MUNICIPALITY OF LEON B. POSTIGO, PROVINCE OF ZAMBOANGA DEL NORTE FROM THE BACUNGAN NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS PALANDOK NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR(REPUBLIC ACT No. 10721)
- REPUBLIC ACT NO. 12196, May 08, 2025(REPUBLIC ACT No. 12196)
- REPUBLIC ACT NO. 8520, February 13, 1998(REPUBLIC ACT No. 8520)
- REPUBLIC ACT NO. 7245 - AN ACT INCREASING THE BED CAPACITY OF THE IPIL DISTRICT HOSPITAL IN THE MUNICIPALITY OF IPIL, PROVINCE OF ZAMBOANGA DEL SUR, FROM TWENTY-FIVE (25) TO FIFTY (50) BEDS, AND APPROPRIATING FUNDS THEREFOR(REPUBLIC ACT No. 7245)
- REPUBLIC ACT NO. 559 - AN ACT PROVIDING FOR THE SALE OF LOTS COMPRISED IN THE TONDO FORESHORE LAND TO LESSEES OF SAID LOTS OR TO BONA FIDE OCCUPANTS THEREOF.(REPUBLIC ACT No. 559)
- REPUBLIC ACT NO. 10730 - AN ACT ESTABLISHING A NATIONAL HIGH SCHOOL IN BARANGAY TICWAS, MUNICIPALITY OF DUMALINAO, PROVINCE OF ZAMBOANGA DEL SUR TO BE KNOWN AS MA. CLARA LOBREGAT NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR(REPUBLIC ACT No. 10730)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.