The Banaue rice terraces were declared by the Philippine Government in 1973 by the Presidential Decree No . 260 as the National Cultural Treasure under Ifugao rice terraces . The Banaue Rice Terraces were declared by the Philippine government as a National Cultural Treasure under Ifugao Rice Terraces by virtue of Presidential Decree No . 260 in 1973 . The Ifugao Rice Terraces were declared by the Philippine government as a National Cultural Treasure under Banaue Rice Terraces by virtue of Presidential Decree No . 260 in 1973 .