BIR Ruling No. 615-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No. 0015-2070

CERTFICATE OF TAX EXEMPTION

issued to PASTOR OF BUYAGANCHRISTIANFUNDAMENTAL

BAFTIST CHURCH, INC. BCFBC Buyagan Peblacion La Trinidad Benguet 2601

SEC Cormpany Reg. No. TIN:

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

T. Tithes and Offerings; and 2. Donations. nothing foliows

subject to the provisions of applicabie 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 liabie, however, to all other taxes not enumerated above.

This certification shall be vaiid for three (3) years from the date of issuance uniess eariier revoked by this Office for violati n of any provisions of applicable rules and regulations of BIR, or the terms and conditions herein set forth.

This Certificate may be renerved 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 subrnitied. 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 3Ct : 1 2019

HASCAN

Commissioner of Internal Revenue CAESAR R. DULAY

K-1-3AC 029433

Pastor of Buyagan Christian Fundarenui 3aptist Church, Inc. CTE No. Page 2 of'3 Date issued 08152018 oc T 2s

TERIMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

TAXEXEMPTION

1) INCOME TAX. PASTOR..OF.BUYAGAN. CHRISTIAN .FUNDAMENTAL

BAPTIST CHURCH INC. is oniy 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

I) INCOME TAX

PASTOR OF BUYAGAN CHRISTIAN FUNDAMENTAL BAPTIST CHURCH IC. 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 National Internal Revenue Code of i997, as amended, on its income derived from zny 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 benerits from deposit substirute instruments and from trust funds and similar arrangements. and royalties derived from sources within the Philippines are subject to the twenty pereent (20%) final withholding tax: Provided, however, that interest income derived by it from a depository bank under ine expanded foreign currency deposit system shall be subject to fifteen percent (15%)' final withholding income tax pursuant to Section 27(D)(1) in reiation to Sec. 57(A) both of the National Iniernal Revenue Code of 1997, as amended.

Z) VALUE ADDED TAX/PERCENTAGE TAX

H PASTOR OF BUYAGAN CHISTIAN FUNDAMENTAL BAPTIST CHURCH InC. is engaged in the sale of goods of services in the course of a business pursuit including transactions incideniai thereto, its revenues derived therefrom shall be subject to the 12% VAT, in case the gross ieseipts from such sales exceed Three Million Pesos (P3,000.000.00)2, or to the 3% pereentage tax, if gross receipts do not exceed P3,000.000.00.

Nerwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or properties or services and imporiaticn of goods shall nevertheless be subject to the 12% V AT pursuant to Sections 106 and +07 of the National Internal Revenue Code of 1997, as amerded.

3) WITHHOLDING TAX

PASTOR OF BUYAGAN CHRISTIAN FUNDAMENTAL BAPTIST CHURCH. INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees receive compeisation income subject to the withholding tax under Section 79 (A), Chapter XIII, Titie II of the National internal Revenue Code of 1997, as amended, as implemented by Rev iue Regulations No. 2-98, as amended, or if it makes incorne payments to individuals 5: :crporations subject to the withholding tax pursuant to Section 57 of the National Internai Re-enue Code of 1997, as amended, as implemented by Revenue Regulations No. 2-98, as ane ded.

Pastor of Buyagan Christian Fundantentsl Baptist Church, Inc. CTE No. -- Page 3 of 3 Date issued_ OCT 1 1.20ig UGi3-2tLE

TAXPAYER'S DUTIES & RESPONSIBILITIES

PASTOR OF BUYAGAN_CHEISTIAN FUNDAMENTAL BAPTIST_CHURCH. INC. is required to file on or before :ke 15th day of the fourth month following the end of the accounting period a Profit ana Loss Statement and Balance Sheet with the Annual

Inforrnation 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-s 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 attached to the aforementioned Annual Information Return.

2) Under Section 235 of the Natioral Internal Revenue Code of 1997, as amended, any

provision of existing general and special law to the contrary notwithstanding, the books of accounts and other pertinent reccids 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 National

Internal Revenue Code of 1997, as anended, 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 Memorandum Circular No. [RMC] No. 76-2003).

4) Finaily, it is subject to the paymeri of registration fee of PhP 500.00 as prescribed in

Section 236(B) of the National Interal Revenue Code of 1997, as amended.