BIR Ruling

May 10, 1977 National Social Action Council 3rd Floor, Isabel Bldg. Espaa, Manila Attention: Sec . Ronaldo B . Zamora Chairman Gentlemen : In reply to your letter dated April 22, 1977, I have the honor to inform you that all donations or contributions to the National Social Action Council are exempt from income and gift taxes and that the same are deductible in full and shall not be included for purposes of computing the maximum amount deductible under Section 30 paragraph (h), of the National Internal Revenue Code, as amended pursuant to Section 4 of Presidential Decree No. 294 which provides: "Section 4. As a civic organization created by law, all donations or contributions which may be made by private entities or persons to the National Social Council (NASAC) shall be exempt from income and gift taxes, and the same shall further be deductible in full and shall not be included for purposes of computing the maximum amount deductible under Section 30, paragraph (h), of the Internal Revenue Code, as amended." (Emphasis supplied) aisadc Very truly yours, (SGD.) EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4519-F2828-A-8