SEC. 3. Any violation of the tax exemption privileges or
incentives provided for in this Decree, as well as the terms and
conditions for the grant thereof, shall result in forfeiture of all the
tax exemptions and incentives granted herein and the shipbuilder, ship
repairer, contractor or importer shall be subject to two hundred percent
of all the taxes affected by the particular violation.
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
CitationPD 666 Section 3 (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).
