Amendment to R.A. No. 2957 (Grant of Franchise to Jose M.F. Belo)
Republic Act No. 3483, enacted on June 16, 1962, amends Section Seven of Republic Act No. 2957, which granted a telephone communication franchise to Jose M. F. Belo in the provinces of Capiz and Roxas City. The amendment establishes that the grantee and their successors must pay an annual tax of one percent on all gross receipts from the telephone business, due within ten days after the audit of accounts. This tax is considered inclusive of all other municipal, city, provincial, or national taxes and fees. The Act became effective retroactively from June 19, 1960.
Law Information
- Reference Number
- Republic Act No. 3483
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1962
REPUBLIC ACT NO. 3483
AN ACT TO AMEND SECTION SEVEN OF REPUBLIC ACT NUMBERED TWENTY-NINE HUNDRED AND FIFTY-SEVEN, ENTITLED "AN ACT TO GRANT TELEPHONE COMMUNICATION SYSTEM FRANCHISE TO JOSE M. F. BELO WITHIN THE PROVINCE OF CAPIZ AND ROXAS CITY"
SECTION 1. Section seven of Republic Act Numbered Twenty-nine hundred and fifty-seven is hereby amended to read as follows:
"Sec. 7. In consideration of the franchise and rights hereby granted, the grantee, his successors or assigns shall, during the life of the franchise, 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, a tax of one per centum of all gross receipts of the telephone business transacted under this franchise by the grantee, his successors or assigns, and the said tax shall be in lieu of all taxes, fees, charges or duties of any kind, nature or description, levied, established or collected by any municipal, city, provincial or national authority."
SECTION 2. This Act shall take effect as of June nineteen, nineteen hundred sixty.
Approved: June 16, 1962.
Published in the Official Gazette, Vol. 58, No. 45, p. 7349 on November 5, 1962
Cite This Law
Amendment to R.A. No. 2957 (Grant of Franchise to Jose M.F. Belo), Republic Act No. 3483, Jun 16, 1962 (Philippines)
Amendment to R.A. No. 2957 (Grant of Franchise to Jose M.F. Belo), Republic Act No. 3483 (Phil. 1962)
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