Republic Act No. 2889, enacted on June 19, 1960, exempts all radio broadcasting and television stations in the Philippines from paying franchise and privilege taxes. This exemption applies to both currently authorized stations and those that may be authorized in the future. The Act overrides conflicting provisions in the National Internal Revenue Code and other laws. It took effect immediately upon its approval and was published in the Official Gazette on March 20, 1961.
June 19, 1960
REPUBLIC ACT NO. 2889
AN ACT EXEMPTING RADIO BROADCASTING AND TELEVISION STATIONS FROM THE PAYMENT OF THE FRANCHISE AND PRIVILEGE TAXES
SECTION 1. The provisions of the National Internal Revenue Code and other laws to the contrary notwithstanding, all radio broadcasting and television stations, now authorized or which may henceforth be authorized to operate in the Philippines, shall be exempt from the payment of the franchise and privilege taxes.
SECTION 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 19, 1960.
Published in the Official Gazette, Vol. 57, No. 12, p. 2113 on March 20, 1961