SEC. 4. Fifty percent of the fair market value of the property donated as determined in the tax declaration of such property at least one year prior to the donation shall be a deduction against taxable income of the donor in the year the donation is made. If the donation is in accordance with the immediately preceding section, the deduction shall be the whole amount waived.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationBP 649 Section 4 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
