Section 18Sec./Art. 18

Duty and Tax Exemptions. The importation by the SUNN of economic, technical and cultural books or publications, which are for economic, technical, vocational, scientific, philosophical, historical or cultural purposes shall, upon certification by the CHED, 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 and used actually, directly and exclusively for educational purposes by the SUNN, shall be exempt from donors tax and the same shall be considered as allowable 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.