BIR Ruling

September 3, 1973 Mr. Jose M. Bereciarte President, Wrestling Association of the Philippines Rizal Memorial Coliseum Vito Cruz, Manila S i r : In reply to your letter dated August 23, 1973, I have the honor to inform you that since the Wrestling Association of the Philippines is organized and operated exclusively for athletic purposes, donations to the said association are deductible from the donor's gross income for income tax purposes to an amount not in excess of 6% in case of individuals and 3% in the case of a corporation of the donor's taxable net income as computed without the benefit of Section 30(h) of the Tax Code. As provided in the same provisions of Section 30(h) of the Tax Code, "(10) Donations to the Philippine Amateur Athletic Federation" are deductible in full and are not subject to the 6% or 3% limitations mentioned above. The privilege of claiming the full deduction is, therefore, not available in case of donations to the members of the Federation, like the Wrestling Association of the Philippines. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."