The Philippines Providing Full Deductions for COVID-19 Donations

The Philippines Bureau of Internal Revenue has published Revenue Regulations (RR) No. 9-2020 of 6 April 2020 for the implementation of measures of the Bayanihan to Heal as One Act regarding donations. This includes that the following donations/gifts already exempt from donor's tax will be fully deductible for both corporate and individual donors when given for the sole and exclusive purpose of…
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