Section 13Sec./Art. 13

Income, Legacies, gifts, Donations, Foreign Aids and Grants. - All income, legacies, gifts, donations, foreign aids and grants for the benefit of the Philippine Tax Academy or for its operation, administration, support or maintenance shall be exempt from all forms of taxes, fees, assessments and other charges of the government, its agencies, instrumentalities branches and subdivisions.

All legacies, gifts and donations to the Philippine Tax Academy established under this Act shall constitute a special fund to be known as the Tax Academy Fund. This fund shall be administered, appropriated and disbursed by the Board of Trustees of the Philippine Tax Academy exclusively for the purposes of this Act.