Supreme Court E-Library
Information At Your Fingertips


  View printer friendly version

[ PRESIDENTIAL DECREE NO. 1388, May 26, 1978 ]

AMENDING PRESIDENTIAL DECREE NO. 1349 DATED APRIL 13, 1978.

SECTION 1. Section 3 of Presidential Decree No. 1349 is hereby amended to read as follows:

"SEC. 3. Any provision of law, executive order, rules or regulations to the contrary notwithstanding, all donations or contributions made by any person or entity to the Museum, including those received prior to its formal constitution into a body corporate, shall be exempt from income and gift taxes. Such donations or contributions shall be deductible in full from the cross income of the person or entity making the donation or contribution and shall be treated as a separate item of tax deduction in the sense that the same shall not be included for purposes of computing the maximum, amount deductible under Section 30, paragraph (h) of the National Internal Revenue Code, as amended."

SEC. 2. This Decree shall take effect immediately.

Done in the City of Manila, this 26th day of May, in the year of Our Lord, nineteen hundred and seventy-eight.

 

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

   

 

 By the President:  
 

 (Sgd.) JUAN C. TUVERA  
   Presidential Assistant
© Supreme Court E-Library 2019
This website was designed and developed, and is maintained, by the E-Library Technical Staff in collaboration with the Management Information Systems Office.