Section 9Sec./Art. 9

Tax Privileges.- Pursuant to the existing provisions under the National Revenue Code (NRC) , as amended, and the Tariff and Customs Code of the Philippines (TCCP), as amended, any gifts or donations which shall be made to or for the use of the Philippine Commission on Culture and Arts, exclusively for the Manlilikha ng Bayan, shall be entitled to the following privileges:

a. Exemption from donor's tax pursuant to Section 94 (a) (3) of the NIRC, as amended;

b. Deductibility of donations from the donor's gross income for purposes of computing taxable income in accordance with Section 29 and (h) of the NIRC, as amended; and

c. Exemption from taxes and duties of donations from foreign countries subject to the provisions of Section 105 of the TCCP, as amended, and Section 103 of NIRC, as amended.