Wazzup Pilipinas!?
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has entered into a Memorandum of Agreement (MOA) with the Presidential Commission for the Urban Poor (PCUP), last September 10, 2024, for the purpose of assisting the latter by exempting from taxes the donations made by private companies to PCUP.
"The BIR will exert all efforts in assisting the noble mission of the PCUP to implement programs for the urban poor. The BIR is your partner in helping the urban poor. Excellent taxpayer service means the granting of tax exemptions, as long as there is legal and factual basis for the exemption. We are at your service" Commissioner Lumagui stated.
The MOA entered into by the BIR provided for several provisions that redounds to the benefit of PCUP. This includes assisting the PCUP by exempting from taxes the donations made by private companies to PCUP, providing and orienting PCUP focal persons of the policies and guidelines for the exemption granted to donors, and the designation of a focal person that will coordinate with the PCUP for the implementation and monitoring of the MOA.
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