BIR Ruling No. 789-2018

YER BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

0 Quezon City

Certificate of Tax Exemption No.

74.9- 20 18

CERTIFICATE OF TAX EXEMPTION

issued to

ARITAO CHURCH OF CHRIST CHRISTIAN CHURCH INC. Brgy. Nageuartelan, Aritao, Nueva Vizcaya SEC Company Reg. No. TIN:

National Internal Revenue Code of 1997, as amended. It is exempt from INCOME TAX only on the following revenues or receipts: and has proven by actual operation that its primary purpose falls under Section 30 (E) of the This certifies that the above-named corporation is a non-stock, non-profit corporation

I. Contributions and Donations.

nothing follow

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.

of BIR. or the terms and conditions herein set forth. earlier revoked by this Office for violation of any provisions of applicable rules and regulations This certification shall be valid for three (3) years from the date of issuance unless

provided under Revenue Memorandum Order (RM0) 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 may be renewed upon filing of a subseguent 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 of MAY 0 9 2016

/Q3e1 C

Commissioner of Internal Revenue CAESAR R. DULAY 016256 K-I-MCUS

Aritao Church of Christ Christian Church Ine. Page 2 of 3 CTE No. Date issued_MAY g 3 20i6 7 8.9 -2.0.18

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. ARITAO CHURCH OF CHRIST CHRISTIAN CHURCH INC. is herein. the association/ corporation/organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. 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

LIABILITY FOR INTERNAL REVENUE TAXES

U) INCOME TAX

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 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 should be returned for taxation. ARITAO CHURCH OF CHRIST CHRISTIAN CHURCH INC. is subject to income

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 depository bank under the expanded foreign currency deposit system shail be subject to 27(D)(1) in relation to Sec. 57(A) both of the NIRC.

2) VALUE ADDED TAX/PERCENTAGE TAX

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

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

it makes income payments to individuals or corporations subject to the withholding tax pursuant to Section 57 of the NIRC, as impiemented by Revenue Regulations No. 2-98. as withhotding 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 H of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended, or if amended. ARITAO CHURCH OF CHRIST CHRISTiAN CHURCH INC. shall be constituted as

Aritao Church of Christ Christian Church Inc. Page 3 of 3 CTE No. Date issuedMAY19 20H 7 8 9-2 018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) ARITAO.CHURCH OF CHRIST CHRISTIAN CHURCH INC.is required to file on income. Copy of this Certificate of Tax Exemption shall be attached to the aforementioned oath. stating its gross income and expenses incurred during the preceding period and a Incorporation. manner of operation and activities as well as sources and disposition of Annual Information Return. Profit and Loss Statement and Balance Sheet with the Annual Information Return under or before the 15th day of the fourth month following the end of the accounting period a ceriificate showing that there has not been any change in its By-laws. Articles of

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 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 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 merchandise or for services rendered which are not directly related to the activities for which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76 2003 issue duly registered receipts or sales or commercial invoices for each sale or transfer of

4) Finally, it is subject to the payment of registration fee of PhP500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended