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RMC No. 53-2010: Circularizes Sec. 23 of the Republic Act No. 10086 entitled “An Act Strengthening People’s Nationalism through Philippine History by Changing the Nomenclature of the National Historical Institute into the National Historical Commission of the Philippines, Strengthening its Powers, and For Other Purposes”

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Summary

RMC No. 53-2010 circularizes Section 23 of Republic Act No. 10086, which renames the National Historical Institute as the National Historical Commission of the Philippines (NHCP) and grants tax exemptions.

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Key points

  1. Income tax exemption. The NHCP is exempt from all taxes on its income, any general or special law to the contrary notwithstanding.
  2. Donations. Donations in any form to the NHCP are exempt from donor’s tax. They are an allowable deduction from the donor’s gross income under the National Internal Revenue Code of 1997, as amended (Republic Act No. 8424).
  3. Imports. Importation of scientific, philosophical, historical and cultural books, supplies and materials for the NHCP’s conservation or preservation work, duly certified by the Board, is exempt from customs duties.
  4. Enactment dates. The law was signed on May 12, 2010 and published in a newspaper of general circulation on May 29, 2010.

Who is affected

  • National Historical Commission of the Philippines (NHCP)
  • Donors to the NHCP

Deadlines and effectivity

  • RA No. 10086 signed May 12, 2010, published May 29, 2010

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

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