A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 863
|
PRESIDENTIAL DECREE NO. 863 -
AMENDING Section 9 OF THE LOCAL TAX CODE
|
chanroblesvirtualawlibrary
I,
FERDINAND E. MARCOS, President of the Philippines, by virtue of the
powers in me vested by the Constitution, hereby order and decree:cralaw:red
Section 1. Section 9, Article 1, Chapter II of
Presidential Decree No. 231, otherwise known as the Local Tax Code, is
hereby amended to read as follows;chanroblesvirtualawlibrary
"Sec. 9. Franchise tax. — Any provision of special
laws to the contrary notwithstanding, the province may impose a tax
notwithstanding, the province may impose a tax on businesses enjoying
franchise, based on the gross receipts realized within its territorial
jurisdiction, at the rate of not exceeding one-half of one percent of
the gross annual receipts for the preceding calendar year; provided,
however, that the franchise tax authorized in this section shall not be
imposed on broadcast radio stations and television firms duly
registered with the Broadcast Media Council created under Presidential
Decree No. 576.
xxx
xxx
xxx
Section 2. All laws, decrees, executive orders, rules
or regulations which are in conflict or inconsistent with this Decree
are hereby amended, modified or repealed accordingly. chanroblesvirtualawlibrary
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 29th day of December, in the year of Our Lord, nineteen hundred
seventy-five.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|
