Republic Acts1 min read
Section 12Sec./Art. 12
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The grantee shall pay to the Philippine government during the life of this franchise a franchise tax of five (5%) of the gross revenues derived by the grantee from transport operations.
The grantee shall however be subject to income tax levied under Title II of the National Internal Revenue Code as amended, and tax on its real property under existing law; on revenues earned from activities other than air transportation.
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