Section 19Sec./Art. 19

Donations to TVIs. - Donations, contributions, bequests, subsidies, or financial aid actually paid or made to a TVI implementing theoretical instructions for EBET Programs within taxable year shall be exempted from donor's tax and shall be deductible from the gross income of the donor, subject to the provisions of the National Internal Revenue Code (NIRC) of 1997, as amended.

For this purpose, TVIs shall not be required to obtain accreditation, notwithstanding any law to the contrary, but they shall secure the proper certification from the TESDA.

Donations, contributions, bequests, subsidies, or financial aid made under this section, which are certified by the TESDA to be actually, directly, and exclusively for the conduct of a registered EBET Program, shall be exempt from taxes and duties.

To implement this section, the Department of Finance (DOF), the Bureau of Internal Revenue (BIR), the Bureau of Customs (BOC), and the TESDA, in consultation with relevant stakeholders, shall formulate the necessary rules and regulations which shall include streamlined processes to encourage broader participation of enterprises.