BIR Ruling No. 448-2017

BUREAU OF INTERNAL REVENUE REPUBCOFTHE PHPPINS DEPARTNFNTOFNANGI Quezon City

Certificate of Tax Exemption No. 44E-7

CERTIFICATE OF TAX EXEMPTION

issued to BAHAY NI MARIA HOME FOR ABANDONED ELDERLY St. Joseph St.. Cardinat Village. Sampiruhan. Calamba City. Laguna WITH SPECIAL NEEDS, INC SEC Company Reg. No. IIN

revenues or receipts: Revenuc Code of 1997. as amended."It is exempt from INCOME`TAX only on the following primary purposc is onc of those enumerated under Section 30 (E) of the National Internal This certifies that the above-named corporation has proven by actual operation that its.

Donations.

iothing follows

tiabilities and responsibilities stated in the Terms and Conditions hereto attachcd and madc an integral part hereof. It is liable, however, to all other taxes not enumerated above. subject to thc provisions of applicable B!R rules and regulations and the tax cxcmptions.

earlicr 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 period. provided under Revenue Memorandum Order (RMO) No. 20-20i3. Failure to renew this This Certificate may be renewed upon filing of a subsequent application for revalidation

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

Issucd this day of CET

Commissioner of Internal Revenuc CAESAR R. DULAY

K-I-LM.AT

Resource Management Group Deputy Commissioner Otficor.n-ci CELiAC.KiK Cu

EIDERLY WITH SPECIAL NEEDS, INC BAHAY NI MARIA HOME FOR ABANDONED Date issued _9-6-2017 CTE No. 44C-2017

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

1) INCOME TAX.

NEEDS, INC. is exempt from the payment of income tax only on revenues and rcceipts cnumerated on the Certificatc of Tax Exemption provided, that no part of its net incomc or assct shalt belong to. or inure to the benefit of any member. organizer. officer or any specific person. BAHAY NI MARIA HOME FOR ABANDONED ELDERLY WITH SPECIAL

LIABILITY FOR INTERNAL REVENUE TAXES 1) INCOME TAX

NEEDS, INC. is subject to income tax on all its income/receipts/revenues not expressly of 1997. as amended, 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 returned for taxation. BAHAY NI MARIA HOME FOR ABANDONED ELDERLY WITH SPECIAL exempted and stated in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed under the National Internal Revenue Code

(20%) final withholding tax: Provided, however, that interest incoinc derived by it from a 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 royaltics derived from sources within the Philippines are subject to the twenty percent depository bank under thc expanded foreign currency deposit system shall be subject to seven and one-half percent (7-1/2%) finai withholding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the National Internal Revenue (ode of 1997, as amended.

2) VALUE ADDED TAX

the revenues derived therefrom. if BAHAY NI MARIA HOME FOR ABANDONED ELDERLY WITH SPECIAL NEEDS, INC. is engaged in the sale of goods or services in the course of a business pursuit. including transactions incidental thereto, in general, it shall be tiable for value added tax on

of 1997. as amended. Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or value added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code properties or services and importation of goods shall nevertheless be subject to the 12%

3) WITHHOLDING TAX

as amcnded, as implemented by Revenue Regulations No. 2-98. as amended. or if it makes BAHAY NI MARIA HOME FOR ABANDONED ELDERLY WITH SPECIAL NEEDS, INC. shall be constituted as withholding agent for the government if it acts as an under Section 79 (A), Chapter XIH, Title iI of the Nationa{ Internal Revenue Code of 1997. income payments to individuals or corporations subject to the withholding tax pursuant to Section 57 of thc National Internal Revenue Code of 1997, as amended. as implemented by Revenue Regulations No. 2-98, as amended. employer and its employees receive compensation incomc subject to the withholding tax

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ELDERLY WITH SPECIAL NEEDS, INC BAHAY NI MARIA HOME FOR ABANDONED Date issued _9-6-2017 CTE No. 448-2017

TAXPAYER'S DUTIES & RESPONSIBILITIES

I) BAHAY NI MARIA HOME FOR ABANDONED ELDERLY WITH SPECIAL NEEDS, INC. is required to file on or before the 15th day of the fourth month following during the preceding period and a certificate showing that there has not been any change in thc end of the accounting period a Profit and Loss Statement and Balance Shect with the and disposition ot income. Copy of this Certificate of Tax Exemption shall be attached to the aforementioned Annual Information Return. Annua! Information Return under oath. stating its gross income and expenses incurred its By-laws, Articles of Incorporation, manner of operation and activities as well as sources

2) Under Section 235 of thc National Internal Revenue Code of 1997. as amended. any provision of existing general and special law to the contrary notwithstanding. the hooks of accounts and other pertinent records of tax-exempt organization or grantees of tax incentives shall be subicct to examination by the BIR for purposes of ascertaining compliance with the conditions under which it has bcen granted tax exemptions or tax incentives. and its tax liabilities. if any.

3) Further. it is also requircd under Section 6(C) in relation to Section 237 of the National Internal Revenue Code of i997. as amended. to issue duly registered receipts or sales or commerciai invoices for each sale or transfer of merchandise or for services rendered which Memorandum Circular No. {RMC} No. 76-2003) are not directly related to the activities for which the Association is registercd. (Revenue

4) Finaliy, it is subject to the payment of registration fec of PhP 500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended

TK--LMAT

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