RA 4093 (The Private development Banks' Act) Section 10

Section 10

SEC. 10. All existing private development banks shall be totally exempted from the payment of income and gross receipts taxes for a period of three (3) years after the effectivity of this Act. Thereafter, they shall be taxed on a gradually increasing basis of twenty-five percent (25%.) per year for the next succeeding four (4) years after the end of which period they shall pay all such taxes in full.

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Other provisions in RA 4093 (The Private development Banks' Act)

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

CitationRA 4093 (The Private development Banks' Act) 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).

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