SECTION 1. Any provisions of the Tariff and Code and all other laws on the contrary notwithstanding, the Air Manila, Inc., is hereby authorize to pay a two percent (2%) franchise tax in lieu of all taxes, including compensating and duly taxes for its importation of equipment, fuels, lubricants, spare parts and accessories necessary for its operations.
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
CitationPD 1115 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).
