Republic Acts1 min read
Section 4Sec./Art. 4
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The grantee shall be liable to pay, exclusive of this franchise, the same taxes on their real estate, buildings and personal property as other persons or corporations are now or hereafter may be required by law to pay.
In addition thereto, the grantee shall pay to the Bureau of Internal Revenue each year, three percent (3%) of the gross receipts of its regulated telecommunications services transacted under this franchise.
The grantee shall file the return with and pay the tax due thereon to the Commissioner of Internal Revenue or his duly authorized representative in accordance with the National Internal Revenue Code and the return shall be subject to audit by the Bureau of Internal Revenue.
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