Deductibility of Donations from Gross Income
BIR Ruling No. 058-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 9, 1979
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July 9, 1979 BIR RULING NO. 058-79 Deductibility of donations from gross income In reply to your letter dated December 8, 1978, I have the honor to inform you that donations and/or contributions made in your favor are deductible in full from the gross income of the donor and/or contributor, it appearing that the school is recognized by the Government. Provided, however , that the said donations are not for the payment or granting of salary increase, bonus, or personal benefits to any of your stockholders, Section 30(h)(1) of the Tax Code . (Emphasis supplied.) aisa dc
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