SEC. 2. Above mentioned donations shall likewise be
recognized as a 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.
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 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).
