BIR Ruling No. 281-2018

BUREAU OF INTERNAL REVENUE REPUBLIC QF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

2812018

CERTIFICATE OF TAX EXEMPTION

issued to

JARO ARCHDIOCESAN SOCIAL ACTION CENTER INC. Jaro Cathedral Compound, Jaro, Iloilo City 5000 SEC Company Reg. No. TIN:

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

I. Donations and Contributions.

lothing follow

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

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

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

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

Issued this day of..FEB 2 7 2018

a

K-I-JAC Commissioner of Internal Revenue CAESAR R.DULAY 013678

Page 2 of 3 Jare Archdiocesan Sociat Actiou Center Inc. CTE No. Date issued 231-2018 2-272018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TANEXEMPTION 1) INCOME TAX. JARO ARCHDIOCESAN SOCIAL ACTION CENTER INC. is OnIy exempt. from the payment of income tax on revenues and receipts enumerated on the herein. the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. Certificate of Tax Exemption. Moreover. to be entitled to the tax exemptions enumerated

LIABILITY FOR INTERNAL REVENUE TAXES I) INCOME TAX

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

Likewise. interest income from currency bank deposits and yield or any other monetary and royalties derived from sources within the Philippines are subject to the twenty percent depository bank under the expanded foreign currency deposit system shall be subject to seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D1) in relation to Sec. 57(A) both of the NIRC. benefits from deposit substitute instruments and from trust funds and similar arrangements. (20%) tinal withholding tax: Provided. however. that interest income derived by it from a

2) VALUE ADDED TAX/PERCENTAGE TAX

of goods or services in the course of a business pursuit. including transactions incidental thereto. its revenues derived therefrom shall be subject to the 12% VAT. in case the gross Hundred Pesos (P1.919.500.00). or to the 3% percentage tax, if gross receipts do not exceed If JARO ARCHDIOCESAN SOCIAL ACTION CENTER INC.is engaged in the sale receipts from such sales exceeds One Million Nine Hundred Nineteen Thousand Five P1.919.500.00

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% VAT pursuant to Sections 106 and 107 of the NIRC.

3) WITHHOLDING TAX

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

Jaro Archdiocesan Social Action Center Inc. Page 3 of 3 Date issued 2-27-2018 CTE No. 281-2018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) JARO ARCHDIOCESAN SOCIAL ACTION CENTER INC. is required to file on or before . Information Return. this Certificate of Tax Exemption shall be attached to the aforementioned Annual its gross income and expenses incurred during the preceding period and a certificate the 15th day of the fourth month following the end of the accounting period a Profit and 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 Loss Statement and Balance Sheet with the Annual Information Return under oath, stating

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. contrary notwithstanding. the books of accounts and other pertinent records of tax-exempt 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

3) Further. it is also required under Section 6(C) in relation to Section 237 of the NIRC to issue duly registered'receipts or sales or commercial invoices for each sale or transfer of 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

+) Finally. it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997. as amended.