Banking Industry Tax Exemption Declared PD 1738

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PRESIDENTIAL DECREE NO. 1738: Banking Industry Tax Exemption Declared PD 1738

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Title Supreme Court: Banking Industry Tax Exemption Declared PD 1738

Law: Presidential Decree No. 1738

Decision Date: Sep 17, 1980

Ferdinand E. Marcos declares the banking industry essential for national economic growth, exempting certain property gains from taxation for five years to encourage investment and capitalization in banks and financial intermediaries.

banking industry

national economy

credit requirements

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