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NIRC

SEC. 101. Exemption of Certain Gifts. - The following gifts or donations shall be exempt from the tax provided for in this Chapter:

(A) In the Case of Gifts Made by a Resident. -

(1) Dowries or gifts made on account of marriage and before its celebration or within one year thereafter by parents to each of their
legitimate, recognized natural, or adopted children to the extent of the first Ten thousand pesos (P10,000):

(2) Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for
profit, or to any political subdivision of the said Government; and

(3) Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited
nongovernment organization, trust or philanthropic organization or research institution or organization: Provided, however, That not
more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes. For the purpose of this
exemption, a 'non-profit educational and/or charitable corporation, institution, accredited nongovernment organization, trust or
philanthropic organization and/or research institution or organization' is a school, college or university and/or charitable corporation,
accredited nongovernment organization, trust or philanthropic organization and/or research institution or organization, incorporated
as a non-stock entity, paying no dividends, governed by trustees who receive no compensation, and devoting all its income, whether
students' fees or gifts, donation, subsidies or other forms of philanthropy, to the accomplishment and promotion of the purposes
enumerated in its Articles of Incorporation.

(B) In the Case of Gifts Made by a Nonresident not a Citizen of the Philippines. -

(1) Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for
profit, or to any political subdivision of the said Government.
(2) Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, foundation, trust or
philanthropic organization or research institution or organization:Provided, however, That not more than thirty percent (30%) of said
gifts shall be used by such donee for administration purposes.

(C)Tax Credit for Donor's Taxes Paid to a Foreign Country. -

(1) In General. - The tax imposed by this Title upon a donor who was a citizen or a resident at the time of donation shall be
credited with the amount of any donor's tax of any character and description imposed by the authority of a foreign country.

(2) Limitations on Credit. - The amount of the credit taken under this Section shall be subject to each of the following limitations:

(a) The amount of the credit in respect to the tax paid to any country shall not exceed the same proportion of the tax against which
such credit is taken, which the net gifts situated within such country taxable under this Title bears to his entire net gifts; and

(b) The total amount of the credit shall not exceed the same proportion of the tax against which such credit is taken, which the
donor's net gifts situated outside the Philippines taxable under this title bears to his entire net gifts.

TRAIN

“Sec. 101. Exemption of Certain Gifts.— The following gifts or donations shall be exempt from the tax provided for in this Chapter:

“(A) In the Case of Gifts Made by a Resident.—


“(1) Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for
profit, or to any political subdivision of the said Government; and

“(2) Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited
nongovernment organization, trust or philanthropic organization or research institution or organization: Provided, however, That not
more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes. For the purpose of this
exemption, a ‘non-profit educational and/or charitable corporation, institution, accredited nongovernment organization, trust or
philanthropic organization and/or research institution or organization’ is a school, college or university and/or charitable corporation,
accredited nongovernment organization, trust or philanthropic organization and/ or research institution or organization, incorporated
as a nonstock entity, paying no dividends, governed by trustees who receive no compensation, and devoting all its income, whether
students’ fees or gifts, donation, subsidies or other forms of philanthropy, to the accomplishment and promotion of the purposes
enumerated in its Articles of Incorporation.

“x x x.”

REPUBLIC ACT NO. 7166

AN ACT PROVIDING FOR SYNCHRONIZED NATIONAL AND LOCAL ELECTIONS AND FOR ELECTORAL
REFORMS, AUTHORIZING APPROPRIATIONS THERFOR, AND FOR OTHER PURPOSES

SEC. 13. Authorized Expenses of Candidates and Political Parties. — The aggregate amount that a candidate or registered
political party may spend for election campaign shall be as follows:

(a) For candidates — Ten pesos (P10.00) for President and Vice-President; and for other candidates, Three pesos (P3.00)
for every voter currently registered in the constituency where he filed his certificate of candidacy: Provided, That, a candidate
without any political party and without support from any political party may be allowed to spend Five pesos (P5.00) for every
such voter; and
(b) For political parties — Five pesos (P5.00) for every voter currently registered in the constituency or constituencies where
it has official candidates.

Any provision of law to the contrary notwithstanding, any contribution in cash or in kind to any candidate or political party or
coalition of parties for campaign purposes, duly reported to the Commission, shall not be subject to the payment of any gift
tax.

Republic Act No. 9500 April 29, 2008

AN ACT TO STRENGTHEN THE UNIVERSITY OF THE PHILIPPINES AS THE NATIONAL UNIVERSITY

SEC. 25. Tax Exemptions. - The provisions of any general or special law to the contrary notwithstanding:

(a) All revenues and assets of the University of the Philippines used for educational purposes or in support thereof shall be exempt
from all taxes and duties;

(b) Gifts and donations of real and personal properties of all kinds shall be exempt from the donor's tax and the same shall be
considered as allowable deductions from the gross income of the donor, in accordance with the provisions of the National Internal
Revenue Code of 1997, as amended: Provided, That the allowable deductions shall be equivalent to 150 percent of the value of
such donation. Valuation of assistance other than money shall be based on the acquisition cost of the property. Such valuation shall
take into consideration the depreciated value of property in case said property has been used;

(c) Importation of economic, technical, vocational, scientific, philosophical, historical and cultural books, supplies and materials duly
certified by the Board, including scientific and educational computer and software equipment, shall be exempt from customs duties;

(d) The University shall only pay 0% value-added tax for all transactions subject to this tax; and

(e) All academic awards shall be exempt from taxes.

Republic Act No. 9521 March 05, 2009

AN ACT CREATING A NATIONAL BOOK DEVELOPMENT TRUST FUND TO SUPPORT FILIPINO AUTHORSHIP
Section 3. The National Book Development Trust Fund. - A National Book Development Trust Fund, hereafter referred to as the Fund,
is hereby established exclusively for the support and promotion of Filipino authorship especially in science and technology and in subject
areas wherein locally authored books are either few or nonexistent. The Fund shall be subject to the following;

(a) The contribution to the Fund shall be sourced from the following:

(1) The amount of Fifty million pesos (P50,000,000.00) shall be alloted in the annual General Appropriation Act (GAA) for
the next five (5) years starting from the enactment of this law;

(2) The amount of Fifty million pesos (P50,000,000.00) shall be taken from the Philippine Amusement and Gaming
Corporation (PAGCOR) fund at Five million pesos (P5,000,000.00) per month for ten (10) months;

(3) Another amount of Fifty million pesos (P50,000,000.00) shall be taken from the Philippine Charity Sweepstakes Office
(PCSO) at Five million pesos (P5,000,000.00) per month for ten (10) months;

(b) Only the interest drawn from the Fund from sources cited in Section 3 (a1), (a2) and (a3) shall be awarded as grants to promote
Filipino authorship and to support the completion of local manuscripts or research works for publication;

(c) The grants can be awarded only after one (1) year from the organization of the Fund, and the grants shall be awarded equitably
among the regions.

(d) Government corporations are hereby authorized to give grants to the Fund at their discretion;

(e) The private portion of the Fund shall be raised from donations and other conveyances including funds, materials, property and
services, by gratuitous title;

(f) Contributions to the Fund shall be exempt from the donor's tax and the same shall be considered as allowable deductions from
the gross income of the donor, in accordance with the provisions of the National Internal Revenue Code of 1997, as
amended: Provided, That the allowable deductions shall be equivalent to one hundred fifty percent (150%) of the value of such
donation;

(g) The National Book Development Board(NBDB) shall be the administrator of the Fund;

(h) For the sound and judicious management of the Fund, the NBDB shall appoint a government financial institution, with sound
track record on fund management, as portfolio manager of the Fund, subject to guidelines promulgated by the NBDB; and
(i) The NBDB shall prepare the implementing guidelines and decision-making mechanisms, subject to the following:

(1) No part of the seed capital of the Fun, including earnings thereof, shall be used to underwrite overhead expenses for the
administration; and

(2) There shall be an external auditor to perform an annual audit of the Fund's performance.

REPUBLIC ACT NO. 10165 June 11, 2012

AN ACT TO STRENGTHEN AND PROPAGATE FOSTER CARE AND TO PROVIDE FUNDS THEREFOR

Section 3. Definition of Terms. – For purposes of this Act, the following terms are defined:

(a) Agency refers to any child-caring or child-placing institution licensed and accredited by the Department of Social Welfare and
Development (DSWD) to implement the foster care program.

(b) Child refers to a person below eighteen (18) years of age, or one who is over eighteen (18) but is unable to fully take care of or
protect oneself from abuse, neglect, cruelty, exploitation or discrimination because of a physical or mental disability or condition.

(c) Child Case Study Report refers to a written report prepared by a social worker containing all the necessary information about a
child.

(d) Child with Special Needs refers to a child with developmental or physical disability.

(e) Family refers to the parents or brothers and sisters, whether of the full or half-blood, of the child.

(f) Foster Care refers to the provision of planned temporary substitute parental care to a child by a foster parent.

(g) Foster Child refers to a child placed under foster care.

(h) Foster Family Care License refers to the document issued by the DSWD authorizing the foster parent to provide foster care.

(i) Foster Parent refers to a person, duly licensed by the DSWD, to provide foster care.

(j) Foster Placement Authority (FPA) refers to the document issued by the DSWD authorizing the placement of a particular child
with the foster parent.
(k) Home Study Report refers to a written report prepared by a social worker containing the necessary information on a prospective
parent or family member.

(l) Matching refers to the judicious pairing of a child with foster parent and family members based on the capacity and commitment
of the foster parent to meet the individual needs of the particular child and the capacity of the child to benefit from the placement.

(m) Parent refers to the biological or adoptive parent or legal guardian of a child.

(n) Placement refers to the physical transfer of the child with the foster parent.

(o) Relatives refer to the relatives of a child, other than family members, within the fourth degree of consanguinity or affinity.

(p) Social Worker refers to the registered and licensed social worker of the DSWD, local government unit (LGU) or agency.

ARTICLE II
ELIGIBILITY

Section 4. Who May Be Placed Under Foster Care. – The following may be placed in foster care:

(a) A child who is abandoned, surrendered, neglected, dependent or orphaned;

(b) A child who is a victim of sexual, physical, or any other form of abuse or exploitation;

(c) A child with special needs;

(d) A child whose family members are temporarily or permanently unable or unwilling to provide the child with adequate care;

(e) A child awaiting adoptive placement and who would have to be prepared for family life;

(f) A child who needs long-term care and close family ties but who cannot be placed for domestic adoption;

(g) A child whose adoption has been disrupted;

(h) A child who is under socially difficult circumstances such as, but not limited to, a street child, a child in armed conflict or a victim
of child labor or trafficking;
(i) A child who committed a minor offense but is released on recognizance, or who is in custody supervision or whose case is
dismissed; and

(j) A child who is in need of special protection as assessed by a social worker, an agency or the DSWD.

Provided, That in the case of (b), (c), (f), (h), (i), and (j), the child must have no family willing and capable of caring and providing for him.

Section 5. Who May Be a Foster Parent. – An applicant who meets all of the following qualifications may be a foster parent:

(a) Must be of legal age;

(b) Must be at least sixteen (16) years older than the child unless the foster parent is a relative;

(c) Must have a genuine interest, capacity and commitment in parenting and is able to provide a familial atmosphere for the child;

(d) Must have a healthy and harmonious relationship with each family member living with him or her;

(e) Must be of good moral character;

(f) Must be physically and mentally capable and emotionally mature;

(g) Must have sufficient resources to be able to provide for the family’s needs;

(h) Must be willing to further hone or be trained on knowledge, attitudes and skills in caring for a child; and

(i) Must not already have the maximum number of children under his foster care at the time of application or award, as may be
provided in the implementing rules and regulations (IRR) of this Act.

Provided, That in determining who is the best suited foster parent, the relatives of the child shall be given priority, so long as they meet the
above qualifications: Provided, further, That an alien possessing the above qualifications and who has resided in the Philippines for at least
twelve (12) continuous months and maintains such residence until the termination of placement by the DSWD or expiration of the foster
family license, may qualify as a foster parent.

ARTICLE VIII
ASSISTANCE AND INCENTIVES
Sec. 21

Section 22. Assistance and Incentives to Foster Parent. –

(a) Support Care Services. – The DSWD, the social service units of LGUs and agencies shall provide support care services to
include, but not limited to, counseling, visits, training on child care and development, respite care, skills training and livelihood
assistance.

(b) Additional Exemption for Dependents. – For purposes of claiming the Twenty-five thousand pesos (PhP 25,000.00) additional
exemption for foster parents for each dependent not exceeding four (4) as provided for by Republic Act No. 9504, the definition of
the term "dependent" under Section 35(B) of the National Internal Revenue Code (NIRC) of 1997 shall be amended to include
"foster child": Provided, That all other conditions provided for under the aforesaid section of the NIRC of 1997 must be complied
with: Provided, further. That this additional exemption shall be allowed only if the period of foster care is at least a continuous period
of one (1) taxable year.

For purposes of this section, only one (1) foster parent can treat the foster child as a dependent for a particular taxable year. As such, no
other parent or foster parent can claim the said child as a dependent for that period.

Section 23. Incentives to Agencies. – Agencies shall be entitled to the following tax incentives:

(a) Exemption from Income Tax. – Agencies shall be exempt from income tax on the income derived by it as such organization
pursuant to Section 30 of the NIRC of 1997, as implemented by Revenue Regulation (RR) No. 13-98; and

(b) Qualification as a Donee Institution. – Agencies can also apply for qualification as a donee institution.

Section 24. Incentives to Donors. – Donors of an agency shall be entitled to the following:

(a) Allowable Deductions. – Donors shall be granted allowable deductions from its gross income to the extent of the amount
donated to agencies in accordance with Section 34(H) of the NIRC of 1997; and

(b) Exemption from Donor’s Tax. – Donors shall be exempted from donor’s tax under Section 101 of the NIRC of 1997: Provided,
That not more than thirty percent (30%) of the amount of donations shall be spent for administrative expenses.
Adminisintrative requirements

SEC. 103. Filing of Return and Payment of Tax. -

(A) Requirements. - any individual who makes any transfer by gift (except those which, under Section 101, are exempt from the tax
provided for in this Chapter) shall, for the purpose of the said tax, make a return under oath in duplicate. The return shall set forth:

(1) Each gift made during the calendar year which is to be included in computing net gifts;

(2) The deductions claimed and allowable;

(3) Any previous net gifts made during the same calendar year;

(4) The name of the donee; and

(5) Such further information as may be required by rules and regulations made pursuant to law.

(B) Time and Place of Filing and Payment - The return of the donor required in this Section shall be filed within thirty (30) days after
the date the gift is made and the tax due thereon shall be paid at the time of filing. Except in cases where the Commissioner
otherwise permits, the return shall be filed and the tax paid to an authorized agent bank, the Revenue District Officer, Revenue
Collection Officer or duly authorized Treasurer of the city or municipality where the donor was domiciled at the time of the transfer,
or if there be no legal residence in the Philippines, with the Office of the Commissioner. In the case of gifts made by a nonresident,
the return may be filed with the Philippine Embassy or Consulate in the country where he is domiciled at the time of the transfer, or
directly with the Office of the Commissioner.
SEC. 60. Imposition of Tax. -

(A) Application of Tax. - The tax imposed by this Title upon individuals shall apply to the income of estates or of any kind of property held in trust,
including:

(1) Income accumulated in trust for the benefit of unborn or unascertained person or persons with contingent interests, and income
accumulated or held for future distribution under the terms of the will or trust;

(2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which is
to be held or distributed as the court may direct;

(3) Income received by estates of deceased persons during the period of administration or settlement of the estate; and

(4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated.

(B) Exception. - The tax imposed by this Title shall not apply to employee's trust which forms part of a pension, stock bonus or profit-sharing plan of
an employer for the benefit of some or all of his employees (1) if contributions are made to the trust by such employer, or employees, or both for
the purpose of distributing to such employees the earnings and principal of the fund accumulated by the trust in accordance with such plan, and (2)
if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees under the trust, for any
part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of
his employees: Provided, That any amount actually distributed to any employee or distributee shall be taxable to him in the year in which so
distributed to the extent that it exceeds the amount contributed by such employee or distributee.

(C) Computation and Payment. -

(1) In General. - The tax shall be computed upon the taxable income of the estate or trust and shall be paid by the fiduciary, except as
provided in Section 63 (relating to revocable trusts) and Section 64 (relating to income for the benefit of the grantor).

(2) Consolidation of Income of Two or More Trusts. - Where, in the case of two or more trusts, the creator of the trust in each instance is the
same person, and the beneficiary in each instance is the same, the taxable income of all the trusts shall be consolidated and the tax provided
in this Section computed on such consolidated income, and such proportion of said tax shall be assessed and collected from each trustee
which the taxable income of the trust administered by him bears to the consolidated income of the several trusts.

SEC. 61. Taxable Income. - The taxable income of the estate or trust shall be computed in the same manner and on the same basis as in the case of
an individual, except that:
(A) There shall be allowed as a deduction in computing the taxable income of the estate or trust the amount of the income of the estate or trust for
the taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected by a guardian of an
infant which is to be held or distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the
taxable income of the beneficiaries, whether distributed to them or not. Any amount allowed as a deduction under this Subsection shall not be
allowed as a deduction under Subsection (B) of this Section in the same or any succeeding taxable year.

(B) In the case of income received by estates of deceased persons during the period of administration or settlement of the estate, and in the case of
income which, in the discretion of the fiduciary, may be either distributed to the beneficiary or accumulated, there shall be allowed as an additional
deduction in computing the taxable income of the estate or trust the amount of the income of the estate or trust for its taxable year, which is
properly paid or credited during such year to any legatee, heir or beneficiary but the amount so allowed as a deduction shall be included in
computing the taxable income of the legatee, heir or beneficiary.

(C) In the case of a trust administered in a foreign country, the deductions mentioned in Subsections (A) and (B) of this Section shall not be
allowed: Provided, That the amount of any income included in the return of said trust shall not be included in computing the income of the
beneficiaries.
SEC. 62. Exemption Allowed to Estates and Trusts. - For the purpose of Section 62 of the NIRC, as amended, is hereby repealed.
the tax provided for in this Title, there shall be allowed an exemption of
Twenty thousand pesos (P20,000) [39] from the income of the estate or
trust.

SEC. 63. Revocable trusts. - Where at any time the power to revest in the grantor title to any part of the corpus of the trust is vested (1) in the
grantor either alone or in conjunction with any person not having a substantial adverse interest in the disposition of such part of the corpus or the
income therefrom, or (2) in any person not having a substantial adverse interest in the disposition of such part of the corpus or the income
therefrom, the income of such part of the trust shall be included in computing the taxable income of the grantor.

SEC. 64. Income for Benefit of Grantor. -

(A) Where any part of the income of a trust (1) is, or in the discretion of the grantor or of any person not having a substantial adverse interest in the
disposition of such part of the income may be held or accumulated for future distribution to the grantor, or (2) may, or in the discretion of the
grantor or of any person not having a substantial adverse interest in the disposition of such part of the income, be distributed to the grantor, or (3)
is, or in the discretion of the grantor or of any person not having a substantial adverse interest in the disposition of such part of the income may be
applied to the payment of premiums upon policies of insurance on the life of the grantor, such part of the income of the trust shall be included in
computing the taxable income of the grantor. `
(B) As used in this Section, the term 'in the discretion of the grantor' means in the discretion of the grantor, either alone or in conjunction with any
person not having a substantial adverse interest in the disposition of the part of the income in question.

SEC. 65. Fiduciary Returns. - Guardians, trustees, executors, administrators, receivers, conservators and all persons or corporations, acting in any
fiduciary capacity, shall render, in duplicate, a return of the income of the person, trust or estate for whom or which they act, and be subject to all
the provisions of this Title, which apply to individuals in case such person, estate or trust has a gross income of Twenty thousand pesos (P20,000)
[40] or over during the taxable year. Such fiduciary or person filing the return for him or it, shall take oath that he has sufficient knowledge of the
affairs of such person, trust or estate to enable him to make such return and that the same is, to the best of his knowledge and belief, true and
correct, and be subject to all the provisions of this Title which apply to individuals: Provided, That a return made by or for one or two or more joint
fiduciaries filed in the province where such fiduciaries reside; under such rules and regulations as the Secretary of Finance, upon recommendation of
the Commissioner, shall prescribe, shall be a sufficient compliance with the requirements of this Section.

SEC. 66. Fiduciaries Indemnified Against Claims for Taxes Paid. - Trustees, executors, administrators and other fiduciaries are indemnified against
the claims or demands of every beneficiary for all payments of taxes which they shall be required to make under the provisions of this Title, and they
shall have credit for the amount of such payments against the beneficiary or principal in any accounting which they make as such trustees or other
fiduciaries.