SEC. 10. In consideration of the franchise hereby granted, one-fourth of one per centum of the gross earnings of the grantee during the first twenty years, and two and one-half per centum during the remainder of the franchise, shall be paid quarterly into the Insular Treasury in lieu of all Insular, provincial, and municipal taxes on the franchise and privileges granted hereunder, except the real-estate taxes.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2765 Section 10 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
