Section 18Sec./Art. 18

Tax Exemption on Importation or Donations. - The importation of the economic, technical and cultural books or publications, which is for economic, technical or 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 Republic Act No. 10863, otherwise known as the "Customs Modernization and Tariff Act (CMTA)".

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