Log inSign up
Republic Act
Approved June 17, 1967

Republic Act No. 5047

Republic act no. 5047

REPUBLIC ACT No. 5047

Report problem

In plain language

The Act grants Manila Sightseeing Co., Inc. a 25‑year franchise to establish, maintain, and operate a nationwide rent‑a‑car‑you‑drive and touring system for tourists and foreigners, providing tax exemptions and stipulating conditions for government use and penalties for misuse.

  • 25‑year franchise granted to Manila Sightseeing Co., Inc.
  • Tax exemption except income tax with conditions on vehicle age
  • President’s right to authorize temporary use of vehicles during emergencies
  • Grantee must pay 2% of gross income monthly
  • Penalty of 200% of taxes for misuse of vehicles
  • Extension of franchise terms to other entities
  • Provision for amendment or repeal by Congress
Franchise
Rent-a-Car
Tourism
Tax Exemption
Philippines

REPUBLIC ACT No. 5047

An Act Granting Manila Sightseeing Co., Inc. a Franchise to Establish, Maintain and Operate a Nationwide Rent-A-Car-You-Drive and Touring System for Tourists and Other Foreigners Visiting in the Philippines

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Subject to the provisions of the Constitution and the conditions set forth in this Act, there is hereby granted to Manila Sightseeing Co. Inc., for a period of twenty-five years from the date of the approval of this Act, the right, privilege and authority to establish, maintain and operate a nationwide rent-a-car-you-drive and touring system for tourists and other visiting foreigners in the Philippines.

Section 2

A special right is hereby reserved to the President of the Philippines to authorize the temporary use and/or operation of the grantees motor vehicles by any office of the Government, upon the payment of just compensation, during periods of extreme emergency and in time of war, rebellion, calamity or public peril.

Section 3

The Manila Sightseeing Co., Inc. shall be exempt from all taxes and duties except income tax: Provided, That the certificates of ownership of the motor vehicles to be used in the rent-a-car-you-drive and touring system by grantee show that these vehicles are not older than two years. In lieu of all other taxes, except income tax, the Manila Sightseeing Co., Inc. shall pay the government an amount equivalent to two per cent of its gross income from the rent-a-car-you-drive and touring system, payable monthly.

Section 4

Should a motor vehicle acquired under this Act be utilized for purposes other than those envisaged in this Act, the grantee shall pay two hundred per cent of all applicable taxes and duties.

Section 5

Should similar franchise be awarded to individuals, partnerships or corporations, the terms and conditions granted therein shall ipso facto become part of the terms and conditions hereof, and Manila Sightseeing Co., Inc. shall operate as in the case of said individuals, partnerships or corporation.

Section 6

The term "grantee" as used in this Act shall be understood to mean Manila Sightseeing Co., Inc., its representatives , successors or assigns.

Section 7

This franchise shall be subject to amendment, alteration or repeal by the Congress of the Philippines whenever the public interest so requires.

Section 8

This Act shall take effect upon its approval.

Approved: June 17, 1967.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.