BIR Ruling No. 481-2018

REPUBLICOFTHE PHILIPPINES

BUREAT INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

481-2018

CERTIFICATE OF TAX EXEMPTION

issued to

UNIVERSAL UNION GOSPEL OF LIFE CHURCH, INC.

Cabida St., Brgy. Canarvacanan, Binalonan, Pangasinan 2436

TIN: SEC Company Reg. No.

This certifies that the above-named corporation is a non-stock, non-profit corporation 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 on the following revenues or receipts:

1.Membership fees and Annual fees; 2. Donations and Pledges.

nothing follows

subject to the provisions of applicable BIR rules and regulations and the tax exemptions,

liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

integral part hereof. It is liable, however, to all other taxes not enumerated above.

This certification shall be valid for three (3) years from the date of issuance unless

carlier 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 Certificate may be renewed upon filing of a subsequent application for revalidation

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

period.

This Certificate of Tax Exemption is being issued on the basis of the facts and

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.

Issued this day of MAR 14 2018

1egamw

CAESAR R.DULAY Commissioner of Internal Revenue

* 014340

K-1-JAC

Universal Union Gospel of Life Church, Inc. CTE No.481-2018 Page 2 of 3 Date issued 3-14-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX.UNIVERSAL UNION GOSPEL OF LIFE CHURCH,INC.is only exempl association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. from the 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

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 UNIVERSAL UNION GOSPEL OF LIFE CHURCH, INC. is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed returned for taxation.

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 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 27(D)(1) in relation to Sec. 57(A) both of the NIRC.

2) VALUE ADDED TAX/PERCENTAGE TAX

or services in the course of a business pursuit, including transactions incidental thereto, its from such sales is One Million Nine Hundred Nineteen Thousand Five Hundred Pesos If UNIVERSAL UNION GOSPEL OF LIFE CHURCH,INC. is engaged in the sale of goods revenues derived therefrom shall be subject to the 12% VAT, in case the gross receipts (P1,919,500.00), or to the 3% percentage tax, if gross receipts do not exceed P1,919.500.00.

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or VAT pursuant to Sections 106 and 107 of the NIRC. 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 pursuant to Section 57 of the NIRC, as implemented by Revenue Regulations No.2-98,as UNIVERSAL UNION GOSPEL OF LIFE CHURCH, INC. shall be constituted 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 Title II of the NIRC, as implemented by Revenue Regulations No. 2-98,as amended, or if amended.

Universal Union Gospel of Life Church, Inc Page 3 of 3 Date issued 3-142018 CTE No.481-2018

TAXPAYER'S DUTIES& RESPONSIBILITIES

1) UNIVERSAL UNION GOSPEL OF LIFE CHURCH,INC.is required to file on or before

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

2) Under Section 235 of the NIRC, any provision of existing general and special law to the purposes of ascertaining compliance with the conditions under which it has been granted 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

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

which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- 2003 merchandise or for services rendered which are not directly related to the activities for

4 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.