BIR Ruling No. 339-2018

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

Certificate of Tax Exemption No. 339-2018

CERTIFICATE OF TAX EXEMPTION

issued to

DONA LUISA R. LORENZO CENTER FOR COMMUNITY DEVELOPMENT FOUNDATION, INC. Maryknoll Drive, Sasa, Davao City 8000 SEC Company Reg. No. TIN:

and has proven by actual operation that its primary purpose falls under Section 30 (G) of the National Internai Revenue Code of 1997, as amended. It is exempt from INCOME TAX only on the following revenues or receipts: 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. 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.

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. 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 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 shall be considered null and void. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this. day ofMAR 72018

Aaay

K-1 /spf Commissioner of Internal Revenu CAESAR R. DULAY 014^07 9

Dona Luisa R. Lorenzo Center for Community Development Foundation, Inc. Page 2 of 3 Date issued 3-7-20 CTE No. 339-2018

TERMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

TAX EXEMPTION

1) INCOME.TAX.

DONA..LUISA R. LORENZO CENTER FOR COMMUNITY DEVELOPMENT 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. FOUNDATION. INC. is only exempt from the payment of income tax on revenues and

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

to the corresponding internal revenue taxes imposed under the NIRC on its income derived of the disposition thereof, which iricome should be returned for taxation. DONA LUISA R. LORENZO CENTER FOR COMMUNITY. DEVELOPMENT FOUNDATION, 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 from any of its properties, real or personal, or any activity conducted for profit regardless

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 depository bank under the expanded foreign currency deposit system shall be subject to 27(D)(1) in relation to Sec. 57(A) both of the NIRC. Likewise, interest income. from currency bank deposits and yield or any other monetary (20%) final withhoiding 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

2) VALUE ADDED TAX

pursuit, including transactions incidental thereto, in general, it shall be liable for VAT on If DONA LUISA R. LORENZO CENTER FOR COMMUNITY DEVELOPMENT FOUNDATION INC. is engaged in the sale of goods or services in the course of a business the revenues derived therefrom.

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

acts as an employer and its "employees receive compensation income subject to the DONA: FOUNDATION, INC. shall be constituted as withholding agent for the government if it LUISAR.LORENZOCENTER ..FORCOMMUNITY.DEVELOPMENT :

withholding tax under Section 79 (A), Chapter XIII, Title II of the NIRC, as implemented

individuais or corporations subject to the withholding tax pursuant to Section 57 of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended. by Revenue Regulations No. 2-98, as amended, or if it makes income payments to

Dona Luisa R Lorenzo Center for Community Development Foundation, Inc. Page 3 of 3 Date issued_3-7-20: CTE No. -339=2018

TAXPAYER'S DUTIES.& RESPONSIBILITIES

1) DONA LUISA R. LORENZO CENTER FOR COMMUNITY DEVELOPMENT FOUNDATION, 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

change in its By-iaws, 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 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

attached to the aforementioned Annual Information Return.

2) Under Section 235 of the NIRC, any provision of existing general and special law to the organization or grantees of tax incentives shall be subject to examination by the BIR for tax exemptions or tax incentives, and its tax liabilities, if any. contrary notwithstanding, the books of accounts and other pertinent records of tax-exempt 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

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

4 Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in

Section 236(B) of the NIRC.