BIR Ruling No. 54-2018

REPUBLIC OF THE PHILIPPINES DEP NT OF FINANCE BUREAU OFINTERNALREVENUE

Quezon City

Certificate of Tax Exemption No.

054-2018

CERTIFICATE OF TAX EXEMPTION

issued to

THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO.CRISTO,

CITY OF SAN JOSE DEL MONTE BULACAN,INC.

Igay Road, Sto. Cristo, San Jose Del Monte City, Bulacan 3023

SEC Company Reg. No. TIN:

This certifies that the above-named corporation is a non-stock, non-profit corporation

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

1.Tithes and Offerings; 2. 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.

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

of BIR, or the terms and conditions herein set forth.

This Certificate may be renewed upon filing of a subsequent application for revalidation

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 period.

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

Issued this day ofJAN 2 4 2018

K-1 Resource Management Group Deputy Commissioner CELIA C.KING Qac.le Commissioner of Internal Revenue CAESAR R.DULAY

The New Metrolight Believers Baptist Church of Sto. Cristo, City of San Jose Del Monte, Bulacan, Inc. CTE No.054-2018 Date issued 1-24-2018

Page 2 of3

TERMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

TAX EXEMPTION

1) INCOME TAX.THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO

CRISTO,CITY OF SAN JOSE DEL MONTE,BULACAN,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

1) INCOME TAX

THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO.CRISTO, CITY

OF SAN JOSE DEL MONTE, BULACAN,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 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 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 27(D)(1) in relation to Sec.57(A) both of the NIRC. (20%) final withholding tax: Provided, however, that interest income derived by it from a

2) VALUE ADDED TAX

If THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO.CRISTO,CITY OF SAN JOSE DEL MONTE,BULACAN,INC.is engaged in the sale of goods orservices in the course of a business pursuit, including transactions incidental thereto, in general, it shall be liable for VAT on 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 nevertheiess be subject to the 12% VAT pursuant to Sections 106 and 107 of the NIRC.

3)WITHHOLDING TAX

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 II of the NIRC,as implemented by Revenue Regulations No. 2-98as amended,or if it makes income 57 of the NIRC, as implemented by Revenue Regulations No.2-98, as amended. THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO.CRISTO,CITY OF SAN JOSE DEL MONTE,BULACAN.INC.shall be constituted as withholding agent payments to individuals or corporations subject to the withholding tax pursuant to Section

The.New Metrolight Believers Baptist Church of Sto. Cristo, CTE No.0542018 City.of San Jose Del Monte, Bulacan, Inc. Date issued1-24-2018 Page 3 of 3

TAXPAYER'S DUTIES & RESPONSIBILITIES

1 THE NEW METROLIGHT BELIEVERS BAPTIST CHURCH OF STO.CRISTO,CITY OF SAN JOSE DELMONTE.BULACAN,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

Exemption shall be attached to the aforementioned Annual Information Return.. not been any change in its By-laws, Articles of Incorporation, manner of operation and 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 activities as well as sources and .disposition of income. Copy of this Certificate of Tax

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

tax exemptions or tax incentives, and its tax liabilities, if any. 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 merchandise or for services rendered which are not directly related to the activities for 2003 which the Association is registered.(Revenue Memorandum Circular No. [RMC] No.76

4) Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B) of the NIRC.