Section 18Sec./Art. 18

Other Exemption from Taxes and Duties. Any donation, contribution, bequest, subsidy, or financial aid which may be made for the operation of the System shall constitute as allowable deduction from the income of the donors for income tax purposes and shall be exempt from donor's tax, subject to such conditions as provided under the National Internal Revenue Code, as amended. Essential equipment, apparatus and materials imported by accredited dual training private educational institutions shall be exempt from taxes and duties:Provided, That the importation of these items shall be subject to the following qualifications:

(a) that the importation shall be certified by the appropriate authority;

(b) that they should be actually, directly, and exclusively used in connection with the dual training system and any unauthorized use shall subject the accredited dual training private educational institutions to payment of taxes and duties due thereon; and

(c) that they are not available locally in sufficient quantity of comparable quality, and at reasonable prices:

Provided, however,That taxes and duties pertaining to the importations of accredited government and dual training educational institutions are deemed automatically appropriated.

The Department of Finance shall formulate the necessary rules and regulations to implement the provisions of this section.1a⍵⍴h!1