Republic Acts1 min read
Section 17Sec./Art. 17
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Tax Exemptions. - Donations, grants, gifts, endowments, legacies, and contributions used actually, directly, and exclusively by the PHILVOLCS shall be exempt from donor's tax and considered as allowable deduction from gross income for purposes of computing the taxable income of the donor, in accordance with Section 34(H)(2)(a) of the National Internal Revenue Code of 1997, as amended: Provided, That such other transfers of ownership and/or possession of real or personal properties of all kinds shall be exempt from all taxes.
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