PD 87 Section 21

Deductions from gross income.

Section 21

SEC. 21. Deductions from gross income. - In computing the taxable net income, there shall be allowed as deductions: (1) Filipino participation incentive; and (2) Operating expenses reimbursed pursuant to Section 8(1) which includes amortization and depreciation as provided in Section 22.

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Other provisions in PD 87

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 87 Section 21 (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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