Republic Acts1 min read
Section 24Sec./Art. 24
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Incentives to Donors. Donors of an agency shall be entitled to the following:
(a) Allowable Deductions. Donors shall be granted allowable deductions from its gross income to the extent of the amount donated to agencies in accordance with Section 34(H) of the NIRC of 1997; and
(b) Exemption from Donors Tax. Donors shall be exempted from donors tax under Section 101 of the NIRC of 1997: Provided, That not more than thirty percent (30%) of the amount of donations shall be spent for administrative expenses.
ARTICLE IX
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