Section 13
SEC. 13. EXEMPTION FROM ALL TAXES, DUTIES, FEES, IMPOSTS AND OTHER CHARGES BY GOVERNMENT AND GOVERNMENT INSTRUMENTALITIES.—The FSDC shall devote all its returns from its capital investments as well as excess revenues from its operation to attain its objectives. To enable the FSDC to pay its indebtedness and obligations and in furtherance and effective implementation of the policy enunciated in this Decree, the FSDC is hereby-declared exempt for a period of ten years from the effectivity of this Decree. a) From the payment of all taxes, duties, fees, imposts, charges, costs and restrictions to the Republic of the Philippines, its provinces, cities, municipalities, and other government agencies and instrumentalities, including taxes, duties, fees, imposts and other charges provided for under the Tariff and Customs Code of the Philippines, R. A. 1937 as amended by Presidential Decree No. 34 dated October 27, 1972 and Presidential Decree No. 69 dated November 24, 1972, and filing and service fee and other charges or costs in any court of administrative proceedings in which it may be a party; b) From all income taxes, franchise taxes and realty taxes to be paid to the National Government, its provinces, cities, municipalities, and other government agencies and instrumentalities; c) From all import duties, compensating taxes and advance sales tax, wharfage fees on import of foreign goods required for its operations and projects; and d) From all taxes, duties, fees, imposts and all other charges imposed directly or indirectly by the Republic of the Philippines, its provinces, cities, municipalities on all petroleum and related products used by the FSDC. Any provision of existing laws to the contrary notwithstanding, any donation, contribution, bequest, subsidy or financial aid which may be made to the Corporation shall be exempt from taxes of any kind, and shall constitute allowable deductions in full from the income of the donors or givers for income tax purposes.