
REVENUE MEMORANDUM CIRCULAR NO. 86-2020 issued on August 27, 2020 circularizes Republic Act (RA) No. 11291, entitled “An Act Providing for a Magna Carta of the Poor”.
Any donation, contribution and grant which may be made to the programs implemented under the National Poverty Reduction Plan shall be exempt from the Donor’s Tax in accordance with the specific provisions of the National Internal Revenue Code of 1997, as amended by RA No. 10963 (TRAIN Law).