150% tax deduction for UP donors

All gifts and donations to the University of the Philippines are exempt from donor’s tax pursuant to pursuant to Section 25 of RA 9500 or the UP Charter of 2008, and consistent with Section 101 (A)(#) of the Tax code of 1997.

In addition, gifts and donations of real and personal properties of all kinds to UP will be exempt from donor’s tax and the same shall be considered as allowable deduction 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.

Furthermore, the Tax Code of 1997 exempts from the donor’s tax gifts in favor of the educational institution subject to the condition that not more than thirty (30%) percent of said gifts shall be used by such done for administration purposes. UP being a government educational institution, falls under the purview of Section 101(A)(3) of the Tax Code of 1997.

Donors may claim up to 150 percent allowable deduction when they give to the University of the Philippines.

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