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RR No. 13-98

Implementing Republic Act No. 8424, "An Act Amending the National Internal Revenue Code, as amended" Specifically Section 34 (H) Relative to the Deductibility of Contributions or Gifts Actually Paid or Made to Accredited Donee Institutions in Computing Taxable Income

REVENUE REGULATIONS NO. 13-98 | 1998-12-08

December 8, 1998
 
REVENUE REGULATIONS NO. 13-98
 
SUBJECT : Implementing Republic Act No. 8424, "An Act Amending the National Internal Revenue Code, as amended" Specifically Section 34 (H) Relative to the Deductibility of Contributions or Gifts Actually Paid or Made to Accredited Donee Institutions in Computing Taxable Income
 
SECTION 1. Definition of Terms. — For purposes of these Regulations, the terms herein enumerated shall have the following meanings:
 
a) "Non-stock, non-profit corporation or organization" — shall refer to a corporation or association/organization referred to under...