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RMC No. 86-2020: Circularizes Republic Act No. 11291, entitled “An Act Providing for a Magna Carta of the Poor”

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Summary

RMC No. 86-2020 circularizes RA No. 11291, the Magna Carta of the Poor.

Key points

  1. Donor’s tax exemption. Any donation, contribution or grant to programs under the National Poverty Reduction Plan is exempt from Donor’s Tax. This is in accordance with the specific provisions of the NIRC of 1997, as amended by RA No. 10963 (TRAIN Law).

Who is affected

  • Donors to programs under the National Poverty Reduction Plan

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