Publishing the Full Text of Republic Act No. 10926 which was Approved on April 21, 2017, Entitled "An Act Extending for Twenty-Five (25) Years the Franchise Granted to Smart Communications, Inc. (Formerly Smart Information Technologies, Inc.), Amending for the Purpose Republic Act No. 7294, Entitled "An Act Granting Smart Information Technologies, Inc. (Smart) a Franchise to Establish, Maintain, Lease and Operate Integrated Telecommunications/Computer/Electronic Services, and Stations throughout the Philippines for Public Domestic and International Telecommunications, and for Other Purposes"

May 16, 2017 REVENUE MEMORANDUM CIRCULAR NO. 046-17 SUBJECT : Publishing the Full Text of Republic Act No. 10926 which was Approved on April 21, 2017, Entitled "An Act Extending for Twenty-Five (25) Years the Franchise Granted to Smart Communications, Inc. (Formerly Smart Information Technologies, Inc.), Amending for the Purpose Republic Act No. 7294, Entitled "An Act Granting Smart Information Technologies, Inc. (Smart) a Franchise to Establish, Maintain, Lease and Operate Integrated Telecommunications/Computer/Electronic Services, and Stations throughout the Philippines for Public Domestic and International Telecommunications, and for Other Purposes" TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officials, and others concerned, attached is the letter from Atty. Concepcion Zeny E. Ferrolino-Enad, Director III of Malacaang Records Office and the certified copy of Republic Act No. 10926 which was approved on April 21, 2017, entitled "An Act Extending for Twenty-Five (25) Years the Franchise Granted to Smart Communications, Inc. (Formerly Smart Information Technologies, Inc.), Amending for the Purpose Republic Act No. 7294, entitled "An Act Granting Smart Information Technologies, Inc. (Smart) a Franchise to Establish, Maintain, Lease and Operate Integrated Telecommunications/Computer/Electronic Services, and Stations throughout the Philippines for Public Domestic and International Telecommunications, and for Other Purposes." SDAaTC All concerned are hereby enjoined to be guided accordingly and give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ATTACHMENT Republic Act No. 10926 April 21, 2017