Republic Acts1 min read
Section 11Sec./Art. 11
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Tax Exemption. - All grants, bequests, endowments, donations, and contributions made to the DepEd, the DOH, or the PERI for the NVSP and for the VSCR Fund to be used actually, directly and exclusively by the DepEd, the DOH, or the PERI for the NVSP and for VSCR Fund shall be exempt from donor's tax and the same shall be allowed as allowable deduction from the gross income of the donor for purpose of computing the taxable income of the donor in accordance with the provisions of the National Internal Revenue Code of 1997, as amended.
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