What are the provisions of section 30 of the tax code of 1997?

Section 30 of the Tax Code of 1997 in the Philippines outlines the exemptions from income tax for certain entities and income types. It specifies that certain organizations, such as government units and non-profit entities, are exempt from income tax on their income, provided that these incomes are used for their respective purposes. Additionally, it details specific exemptions related to dividends, interest, and other income sources. The section aims to promote specific social and economic objectives by relieving certain entities from tax burdens.