My bookmarksSign up free

PD 697 Section 3

Section 3

SECTION 3. The provisions of the National Internal Revenue Code, as amended, to the contrary notwithstanding qualified donations shall be recognized as deductible business expense item for income tax purposes, provided that the donor shall expressly indicate in the donation proposal the period not exceeding four (4) years, including the year of donation, over which the expense deductions shall be taken in equal increments. The incentives granted under this decree shall be available only to American private landowners who submit formal donation proposals to qualified donees before May 27, 1975.

Read the full instrument →

Other provisions in PD 697

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 697 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).

Continue your research