Duty and Tax Exemptions.
Section 20
SEC. 20. Duty and Tax Exemptions. - The importation of books or publications, instruments, equipment, and apparatuses which are for economic, technical, vocational, scientific, medical , philosophical, historical, legal, or cultural purposes made by the Pampanga State University, upon certification by the CHED, shall be exempt from customs duties in accordance with the provisions of Republic Act No. 10863, otherwise known as the "Customs Modernization and Tariff Act (CMTA)". All grants, bequests, endowment, donations, and contributions made to and used actually, directly, and exclusively for educational purposes by the Pampanga State University, shall be exempt from donor's tax and the same shall be considered as allowable deductions from gross income for purposes of computing the taxable income of the donor in accordance with the provisions of the National Internal Revenue Code of 1997, as amended.