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What is Tax Deduction for Filipino Arts Academy about?

The House Committee on Ways and Means approved a tax exemption for donations made to the proposed Filipino Academy of Arts, Letters and Philosophy. The Bureau of Internal Revenue and Bureau of Local Government Finance supported the tax exemption for donations but were against exempting the Academy from real property taxes. The bill that creates the Filipino Academy aims to preserve and develop Filipino culture and provides for the establishment of the Academy which will be composed of artists, writers and p

Author

pribhor2

Language

EN