BIR Ruling No. 312-2017

BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

312-2017

CERTIFICATE OF TAX EXEMPTION

issued to

POSITIVE ACTION FOUNDATION PHILIPPINES, INC. 2613 Dian St., Brgy. 757, Zone 82, Malate, Manila SEC Company Reg. No. TIN:

on the following revenues or receipts: and has proven by actual operation that its primary purpose falls under Section 30 (E) of the National Internal Revenue Code of 1997. as amended. It is exempt from INCOME TAX only This certifies that the above-named corporation is a non-stock, non-profit corporation

1. Grants and Donations.

nothing follows

subject to the provisions of applicable BIR rules and regulations and the tax exemptions. integral part hereof. It is liable, however, to all other taxes not enumerated above. liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

earlier revoked by this Office for violation of any provisions of applicable rules and regulations of BIR, or the terms and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

period. provided under Revenue Memorandum Order (RMO) No. 20-2013. Failure to renew this Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year This Certificate may be renewed upon filing of a subscquent application for revalidation

documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This Certificate of Tax Exemption is being issued on. the basis of the facts and

Issued this day ofN20

Aaiomy&a

K- Commissioner of Internal Revenue CAESAR R.DULAY 007115

Apalit Christian Community Health Center Foundation, Inc Page 2 of 3 Date issued6--14--201 CTE No. 312-2017

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1 INCOME TAX.

association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption. Moreover, to be entitled to the tax exemptions enumerated herein, the POSITIVE ACTION FOUNDATION PHILIPPINES,INC.is only exempt from the

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

under the NIRC on its income derived from any of its properties, real or personal, or any activity conducted for profit regardless of the disposition thereof, which income should be all its income/receipts/revenues not expressiy exempted and stated in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed returned for taxation. POSITIVE ACTION FOUNDATION PHILIPPINES,INC.is subject to income tax on

Likewise, interest income from currency bank deposits and yield or any other monetary benefits from deposit substitute instruments and from trust funds and similar arrangements and royalties derived from sources within the Philippines are subject to the twenty percent (20%) final withholding tax: Provided, however, that interest income derived by it from a seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D)1) in relation to Sec. 57(A) both of the NIRC depository bank under the expanded foreign currency deposit system shall be subject to

2) VALUE ADDED TAX

thereto, in general, it shall be liable for VAT on the revenues derived therefrom. If POSITIVE ACTION FOUNDATION PHILIPPINES,INC.is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental

VAT pursuant to Sections 106 and 107 of the NIRC. Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or properties or services and importation of goods shall nevertheless be subject to the 12%

3) WITHHOLDING TAX

it makes income payments to individuals or corporations subject to the withholding tax compensation income subject to the withholding tax under Section 79 (A), Chapter XIII. Title II of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended, or if pursuant to Section 57 of the NIRC, as implemented by Revenue Regulations No. 2-98. as amended POSITIVE ACTION FOUNDATION PHILIPPINES, INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees receive

Apalit Christian Community Health Center Foundation, Inc. Page 3 of 3 Date issued6142017 CTE No.3122017

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) POSITIVE ACTION FOUNDATION PHILIPPINES,INC. is required to file on or before the 15th day of the fourth month following the end of the accounting period a Profit showing that there has not been any change in its By-laws, Articles of Incorporation. manner of operation and activities as well as sources and disposition of income. Copy of Information Return. stating its gross income and expenses incurred during the preceding period and a certificate this Certificate of Tax Exemption shall be attached to the aforementioned Annual and Loss Statement and Balance Sheet with the Annual Information Return under oath,

2) Under Section 235 of the NIRC, any provision of existing general and special law to the tax exemptions or tax incentives, and its tax liabilities, if any. organization or grantees of tax incentives shall be subject to examination by the BIR for purposes of ascertaining compliance with the conditions under which it has been granted contrary notwithstanding, the books of accounts and other pertinent records of tax-exempt

3) Further, it is also required under Section 6(C) in relation to Section 237 of the NIRC to merchandise or for services rendered which are not directly related to the activities for which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- 2003) issue duly registered receipts or sales or commercial invoices for each sale or transfer of

4) Finally, it is subject to the payment of registration fec of PhP 500.00 as prescribed in Section 236 (B of the NIRC