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RMC No. 132-2019: Circularizes Republic Act No. 11186 entitled “An Act Converting the Northwestern Mindanao State College of Science and Technology (NMSCST) in the City of Tangub, Province of Misamis Occidental into a State University of Northwestern Mindanao (UNM) and Appropriating Funds Therefor”

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Summary

RMC No. 132-2019, issued December 4, 2019, circularizes Republic Act No. 11186, which converts the Northwestern Mindanao State College of Science and Technology (NMSCST) in Tangub City, Misamis Occidental into the State University of Northwestern Mindanao (UNM).

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Key points

  1. Customs duty exemption. The University’s importation of economic, technical and cultural books or publications for economic, technical, vocational, scientific, philosophical, historical or cultural purposes is exempt from customs duties under RA No. 10863 (Customs Modernization and Tariff Act). This requires certification by the Commission on Higher Education and the Technical Education and Skills Development Authority.
  2. Donor’s tax exemption. Grants, bequests, endowments, donations and contributions to the University, used actually, directly and exclusively by it, are exempt from Donor’s Tax. They are also an allowable deduction from the donor’s gross income under the National Internal Revenue Code of 1997, as amended.

Who is affected

  • State University of Northwestern Mindanao (UNM)
  • Donors to the University

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

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.