Section 19Sec./Art. 19

Tax Exemptions. - The Davao del Sur State College shall be entitled to the following tax exemptions:

(a) All revenues and assets of the Davao del Sur State College used exclusively and solely for educational purposes or in furtherance thereof shall be exempt from all taxes and duties;

(b) Ail grants, bequests, endowments, donations and contributions made to the College to be used actually, directly and exclusively by the College shall be exempt from donors tax and the same shall be allowed as allowable deductions 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;

(c) Importation of economic, technical, and cultural books or publications, which are for economic, technical, vocational, scientific, philosophical, historical or cultural purposes made by the College 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)";

(d) The College shall be exempt from value-added tax as provided for in Section 109(1)(h) of the National Internal Revenue Code of 1997, as amended; and

(e) All educational monetary awards shall be exempt from income tax as prescribed in Section 32(B)(7)(c) of the National Internal Revenue Code of 1997, as amended.