Act No. 3692 Section 1

Section 1

SECTION 1. Section ten of Act Numbered Thirty-four hundred and ninety-five is hereby amended to read as follows: "SEC. 10. The grantee shall be liable to pay the same taxes on its real property, exclusive of the franchise, as other persons or corporations are now or hereafter may be required by law to pay. The grantee shall further pay to the Insular Treasurer each year, within ten days after the audit and approval of the accounts as prescribed in section nine of this Act, one and one half per centum of all gross receipts from business transacted under this franchise by the said grantee in the Philippine Islands and the said percentage shall be in lieu of all taxes on the franchise or earnings thereof."

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Other provisions in Act No. 3692

Section 2

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. 3692 Section 1 (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).

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