Republic Acts1 min read
Section 18Sec./Art. 18
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Tax Deduction and Exemption of Donations and Contributions.- All grants, legacies, bequests or devises, gifts and donations for the benefit of the NAS System, its support and/or maintenance, or for aid to any of its students shall be tax-exempt and fully deductible from the gross income of the donors in accordance with the National Internal Revenue Code (NIRC) of 1997, as amended.
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