Section 9
SEC 9. (a) The grantee shall comply with all the requirements of the Government applicable to duly organized corporations and to public communication carriers, and shall pay the same taxes on his real estate, buildings and personal property, exclusive of the franchise, as other persons or corporations are now or hereafter may be required by law to pay. (b) The grantee shall further pay to the Treasurer of the Philippines each year, one and one-half per centum of all gross receipts from business transacted under the franchise by the said grantee in the Philippines.