RMC No. 89-2020: Circularizes Republic Act No. 11336, entitled “An Act Converting the Carlos Hilado Memorial State College in the City of Talisay, and all its Satellite Campuses located in the City of Bacolod and in the Municipality of Binalbagan, all in the Province of Negros Occidental, into a State University to be known as The Carlos Hilado Memorial State University, and Appropriating Funds Therefor”

Key points

1. Customs duties. The University’s importation of economic, technical and cultural books and 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.
2. Donor’s tax and donor’s deduction. Grants, bequests, endowments, donations and contributions to the University that it uses actually, exclusively and directly are exempt from Donor’s Tax. The donor may treat them as an allowable deduction from gross income under the NIRC of 1997, as amended.

Who is affected

• The Carlos Hilado Memorial State University
• Donors to the University