The Philippines Providing Full Deductions for COVID-19 Donations

The Philippines Bureau of Internal Revenue has published Revenue Regulations (RR) No. 9-2020 of 6 April 2020 for the implementation of measures of the Bayanihan to Heal as One Act regarding donations. This includes that the following donations/gifts already exempt from donor's tax will be fully deductible for both corporate and individual donors when given for the sole and exclusive purpose of combatting COVID-19 during the period of the state of emergency:

• Cash donations;
• Donations of all …