Gift Tax Exemption for Donations to National Development Company

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PRESIDENTIAL DECREE NO. 698: Gift Tax Exemption for Donations to National Development Company

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Title Supreme Court: Gift Tax Exemption for Donations to National Development Company

Law: Presidential Decree No. 698

Decision Date: May 9, 1975

Presidential Decree No. 698 exempts irrevocable donations of American-owned private lands to the National Development Company from gift taxes and allows for deduction as a business expense, with a deadline for submission of donation proposals.

gift tax exemption

irrevocable donations

tax incentives

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