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× BIR: Donations to COVID-19 response tax-deductible

Donations in cash and in kind in response to the COVID-19 pandemic are exempt from donor's tax and can be deducted from the taxable gross income of companies and individuals.

This is according to Revenue Regulations No. 9-2020, published on Wednesday and signed by Finance Secretary Carlos Dominguez III and Internal Revenue Commissioner Caesar Dulay, which listed the tax exemptions of donations given…