BIR Ruling No. 411-2017

REPUBLIC OF THE PHILIPPINES

DFPARIMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No.

CERTIFICATE OF TAX EXEMPTION

issued to

2/F. The Philippine Bible I.eague Buiding. # 9 Colonel Salgaco St. West Kamias. OPERATION COMPASSION PHILIPPINES. INC SEC Company Reg. No TN Ouezon Citv

primary purpose is one of those enumerated under Section 30 (G) of the National internal 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 has proven by actual operation that its

2 1 Donations; and Contributions.

nothing follows

Subject to the provisions of applicable BIR rules and regulations and the tax exemptions. liabilities and responsibilities stated in the T'erms and Conditions hereto attached and madc an integral part hereof. It is liable, however. to all other taxes not enumerated above.

eartier revoked by this Officc for violation of any provisions of applicable rules and regutlations of BiR. or the terms and conditions herein set forth. This certification shall be valid for threc (3) years from the date of issuance uniess

Certiticate shall be deemed a revocation thereof upon the expiration of the three (3)-year period. provided under Revenue Memorandum Order (RM0) No. 20-2013. Failure to renew this This Certificate may be renewed upon filing of a subscqucnt application for revalidation

that thc facts are different. then this Certificate shall be considered nutl and void. documents as represented and submitted. However, if upon investigation. the BiR ascertains This Certificate of Tax Excmption is being issued on the basis of the facts and

Issued this day of

Commissioner of Internal Revenue CAESAR R. DULAY

-K-1-IMAT

CELIA C. KIM aC

Deputy Commissioner Resource Management Group Officer-tn-Charge

OPER. ATION COMPASSION PHILIPPINES, INC (TE NO.

Date issued -

OF THE CERTIFICATE OF TAX EXEMPTION TERMS.AND CONDITIONS

TAX EXEMPTIONS D) INCOME TAX

provided. that no part of its net income or asset shall belong to. or inure to the benefit of' any memher. organizer, officer or any specific person. OPERATION COMPASSION PHILIPPINES, INC. is exempt from the payment of income tax only on revenues and receipts enumerated on the Certificate of T'ax Exemption

LIABILITY FOR INTERNAL REVENUE TAXES

t) INCOME TAX

income/receipts/revenues not express!y exempted and stated in the C'ertificate ol T`ax any of its properties, real or personal. or any activity conducted for profit regardiess ot the disposition thereof. which income should be rcturncd for (axation. OPERATION COMPASSION PHILIPPINES, INC. is subject to income tax on all its Exemption. Moreover. it is subject to the corresponding internal revenue taxes imposed under the National Internal Revenue Code of 1997, as amended. on its income derived from

27(D)(1) in relation io Sec. 57(A) both of the National Internal Revenue Code of 1997. as 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 subiect to Seven and one-half percent (7-i/2%) final withholding income tax pursuant to Section Likewise, interest income from currency bank deposits and yield or any other monetary amended.

2) VALUE ADDED TAX

or services in the course of a business pursuit. including transactions incidcntal thereto. in If OPERATION COMPASSION PHILIPPINES,INC. is engagcd in the sale of gOods general. it shall be liable for value added tax on the revenues derived therefrom.

of 1997. as amended. 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% value added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code

3) WITHHOLDING TAX

OPERATION COMPASSION PHILIPPINES, INC. shalI be constitutcd as withholding agent for the government if it acts as an emptoyer and is employees receive compensation income subject to the withholding tax under Section 79 (A). Chapter XI1I, Titie H ot' the National intcrnal Revenue Code of 1997, as amended. as implemented hy Revenue Regulations No. 2-98. as amended, or if it makes income payments to individuals or corporations subject to the withholding tax pursuant to Section 57 of the National Internal Revenue Code of 1997. as amended. as implemented by Revenuc Regulations No. 2-98. as amended.

TAXPAYER'S DUTIES & RESPONSIBILITIES I) OPERATION COMPASSION PHILIPPINES,INC. is requircd to file on or before the Statement and Balance Sheet with the Annuat Information Return under oath. stating its 15th day of the fourth-month following the end of the accounting period a Profit and Loss

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OPERATION COMPASSION PHILIPPINES, INC Date issued _9-4-2017 CTE No. --4112077

that there has not been any change in its By-taws, Articies of Incorporation. manner ot Certificate of Tax Exemption shalt be attached to the aforementioncd Annual Information gross income and expenses incurred during the preceding period and a ccrtificate showing operation and activities as well"as sources and disposition of income. Copy of this Return.

2) Under Section 235 of the Nationai internal Revenuc Code of' 1997. as amended. any provision of existing general and special law to the contrary notwithstanding. the books of incentives. and its tax liabilities, if any incentives shall be subject to examination by the BiR for purposes of ascertaining compliance with the conditions under which it has been granted tax cxemptions or tax accounts and other pertinent records of tax-exempt organization or grantees of tax

3) Further. it is also required under Section 6(C) in relation to Section 237 of the National Memorandum'Circular No. [RMC] No. 76-2003) Internal Revenue Code of 1997. as amended. to issue duly registered receipts or sales or commercial invoices for each sale or transfer of mcrchandise or for services rendered which are not directly related to the activities for which the Association is registered. (Rcvenue

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.

K-1-LMAT

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