Amendment to PD No. 27 on Land Emancipation

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PRESIDENTIAL DECREE NO. 57: Amendment to PD No. 27 on Land Emancipation

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Title Source: Supreme Court: Amendment to PD No. 27 on Land Emancipation

Law: Presidential Decree No. 57

Decision Date: Nov 19, 1972

Presidential Decree No. 57 amends Presidential Decree No. 27 to exempt landowners from paying capital gains tax and income tax, while requiring the participation of rural banks and financial institutions to provide funds for tenant-purchasers and farmers cooperatives.

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