Section 18Sec./Art. 18

Tax Exemption. The importation of economic, technical and cultural books and publications, which is for economic, technical, vocational, scientific philosophical, historical or cultural purposes made by the University, upon certification by the CHED, shall be exempt from customs duties in accordance with the provisions of the Tariff and Customs Code of the Philippines, as amended.

All grants, bequests, endowments, donations and contributions made to the University, to be used actually, directly and exclusively by the University, shall be exempt from the donor's tax and the same shall be allowed as deduction from the gross income of the donor for purposes of computing the taxable income of the donor, in accordance with the provisions of the National Internal Revenue Code of 1997, as amended.