PD 667 Section 2

Section 2

SEC. 2. Importers of goods that are to be utilized as raw materials, intermediate products or for further manufacturing or for resale shall be allowed to deduct from their taxable income to the extent of one hundred-fifty percentum (150%) of the amount of overseas freight expenses and arrastre charges in Philippine ports on goods shipped from port of source to the Philippines, provided that shipments are made on board vessels of Philippine registry.

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Other provisions in PD 667

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 667 Section 2 (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).

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