RA 10142 Section 71

Treatment of Amounts of Indebtedness or Obligations Forgiven or Reduced.

Section 71

SEC. 71. Treatment of Amounts of Indebtedness or Obligations Forgiven or Reduced. — Amounts of any indebtedness or obligations reduced or forgiven in connection with a Plan's approval shall not be subject to any tax in furtherance of the purposes of this Act.

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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 2026-07-04

CitationRA 10142 Section 71 (LawPlayer, data as of 2026-07-04)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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