BIR Ruling No. 51-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

051--2018

CERTIFICATE OF TAX EXEMPTION

issued to

JESUS CHRIST CHURCH PHILS. INC

389 Crusher, Bigte, Norzagaray, Bulacan 3013

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 of 1997, as amended. It is exempt from INCOME TAX only

on the following revenues or receipts:

1. Tithes and Offering; and

2. Pledges, Contribution and Donations.

-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

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 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 JAN 2 4 2018

CAESAR R.DULAY

Commissioner of Internal Revenue

K-1-JAC Cula c.la

CELIA C.KING

Deputy Commissioner

O

CTE No._051-2018

Jesus Christ Church Phils., Inc. Date issued 1-24-2018

Page 2 of 3

TERMS AND CONDITIONS

OF THE CERTIFICATE OF TAX EXEMPTION

TAX EXEMPTION

1) INCOME TAX. JESUS CHRIST CHURCH PHILS., INC.is only exempt 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

association/corporation/ organization must continue to meet the requirements set forth

under Revenue Memorandum Order No. 20-2013.

LIABILITY FOR INTERNAL REVENUE TAXES

1INCOME TAX

JESUS CHRIST CHURCH PHILS., 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

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

'returned for taxation.

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

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

2) VALUE ADDED TAX/PERCENTAGE TAX

If JESUS CHRIST CHURCH PHILS., INC. is engaged in the sale 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 receipts from such (P1,919,500.00), or to the 3% percentage tax, if gross receipts do not exceed P1,919;500.00. sales is One Million Nine Hundred Nineteen Thousand Five Hundred Pesos

properties or services and importation of goods shall nevertheless be subject to the 12% 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.

3) WITHHOLDING TAX

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

3

Jesus Christ Church Phils., Inc. Page 3 of 3 Date issued1-242018 CTE No.20

TAXPAYER'S DUTIES & RESPONSIBILITIES

1 JESUS CHRIST CHURCH PHILS.. INC. is required to file on or before 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 its gross income and expenses incurred during the preceding period and a certificate 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 this Certificate of Tax

Exemption shall be attached to the aforementioned Annual Information Return.

2) Under Section 235 of the NIRC, any provision of existing general and special law to the

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

tax exemptions or tax incentives, and its tax liabilities, if any.

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 Mernorandurm 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 NIRC. C