PD 698 Section 1

Section 1

SECTION 1. The provisions of any existing law to the contrary notwithstanding, irrevocable donations to the National Development Company of American-owned private lands acquired under the Laurel-Langley Agreement shall be exempt from all kinds of gift taxes.

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Other provisions in PD 698

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 698 Section 1 (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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