AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES.
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AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES.
Republic Act No. 2889
June 19, 1960
Case Overview and Summary
Exemption from Franchise and Privilege Taxes for Radio Broadcasting and Television Stations- All radio broadcasting and television stations, currently authorized or to be authorized in the future, are exempt from paying franchise and privilege taxes. (Section 1)
- This exemption overrides any conflicting provisions in the National Internal Revenue Code and other laws.
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Republic Acts
radio broadcasting
television stations
franchise tax
privilege tax
exemption
National Internal Revenue Code
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AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES.
Republic Act No. 2889
•June 19, 1960
REPUBLIC ACT No. 2889
AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES.
Section 1. The provisions of the National Internal Revenue Code and other laws to the contrary notwithstanding, all radio broadcasting and television stations, now authorized or which may henceforth be authorized to operate in the Philippines, shall be exempt from the payment of the franchise and privilege taxes.
Section 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 19, 1960.
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Amends
n/a
Amended by
n/a
Tags
Statutes
Republic Acts
radio broadcasting
television stations
franchise tax
privilege tax
exemption
National Internal Revenue Code
REPUBLIC ACT No. 2889
AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES.
Section 1. The provisions of the National Internal Revenue Code and other laws to the contrary notwithstanding, all radio broadcasting and television stations, now authorized or which may henceforth be authorized to operate in the Philippines, shall be exempt from the payment of the franchise and privilege taxes.
Section 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 19, 1960.
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