Deductibility on the Donation to the Proposed Consulate Mansion Restoration Project of the Philippine Consulate General, Honolulu

August 9, 1988 BIR RULING NO. 382-88 29-h 393-87 382-88 Gentlemen : This refers to your letter dated June 20, 1988 requesting a ruling as to whether Philippine donors to the proposed Consulate Mansion Restoration Project of the Philippine Consulate General, Honolulu can be given tax relief, compensation and/or benefit. In reply, thereto, I have the honor to inform you that pursuant to Section 29(h)(1) of the Tax Code, as amended contributions or gifts actually paid or made within the taxable year to, or for the use of the Government of the Philippines or any of its agencies or any political subdivision thereof for exclusively public purposes shall be deductible from the gross income of the donor to the extent of 6% in the case of an individual and 3% in the case of a corporation, of the taxpayer's taxable income derived from business as computed without the benefit of this and other deductions. Such being the case, donation to the proposed Consulate Mansion Restoration Project of the Philippine Consulate General, Honolulu is deductible from the gross income of the donor to the extent of 6% in the case of an individual and 3% in the case of a corporation of the taxpayer's taxable income derived from business as computed without the benefit of this and other deductions. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner