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PD 463 Section 26

Legitimate Expenditure for Work Obligations.

Section 26

SEC. 26. Legitimate Expenditure for Work Obligations. - Expenses for prospecting, exploration, and development work, including the costs of labor, materials and equipment used, and the fees and charges paid for geodetic, geological, geophysical, geochemical and other related surveys and for laboratory and pilot plant testing shall be considered legitimate expenditures for work obligations. The cost of buildings, machinery, equipment, roadways or other works shall be considered expenditures for work obligations if it is clearly shown that they are essential to the exploration and development of, or will facilitate the extraction of minerals from, the mining claims.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER VI →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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