BIR Ruling No. 532-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

0 5 3 2 - 20 19

CERTIFCATE OF TAX EXEMPTHON issued to

DU-BALADAD AND ASSOCIATES (BDB LAW) FOUNDATION INC. City of Makati NCK, roui n Dist ict Philippines : 209 SEC Company Reg. No. TIN: Ir

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

1. Donations.

-nothing follows

subject to the provisions of applicabie BIR ruies and regulations and the tax eXemptions. liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an integrai part hereof. It is liable. however. to all other taxes not enumerated above.

earlier revoked by this Office for violation of any provisions of applicabie ruies and reguiations of BIR. or the terms and conditions herein set rorth. This certification shail be valid for three (3) vears from the date of issuance uniess

provided under Revenue Memorandum Order (RMO) No. 20-2013. Failure :0 renew this period. Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year This Certificate may be renewed upon filing of a subsequent application for revalidation

iocuments as represented ind submitted. However. ir apon investigation. he 3IR ascertains that the racts are different. then chis Cerificate shall se sonsidered nuil and void. This Certificate of Tax Exemption is heing issued on the basis of :he facts and

Issued this day t

- :mmissioner : "t -nernai re

Page 2 of 3 FOUNDA TION INC. DU-BALADAD AND ASSOCIATES (BDB LAW) Date issued SEP CTE No. 853 2 7 2919

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION 1) INCOME TAX. DU-BALADAD AND ASSOCIATES (BDB LAW) FOUNDATION on the Certificate' of Tax Exemption. Moreover. to. be entitled to the tax exemptions requirements set forth under Revenue Memorandum Order No. 20-2013. INC. is only exempt from the payment of income tax on revenues and receipts enumerated enumerated herein. the association/corporation/ organization must continue to meet the

LIABILITY FOR INTERNAL REVENUE TAXES

1) .INCOME TAX

profit regardless of the disposition thereof. which income should be returned for taxation. Certificate of Tax 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 any of its properties. real or personal. or any activity conducted for DU-BALADAD:AND ASSOCIATES (BDB LAW) FOUNDATION INC. is subject to income tax on ail its income/receipts/revenues not expressiy exempted and stated in the

to Sec.'57(A) both of the National Internai Revenue Code of 1997. as amendea. Likewise. interest income from surrency bank seposits and yieid or any other monetar: fiffeen percent ( 1 5%%)' final withnoiding income tax pursuant to Section 27(D( l ; in relation benefits from deposit substitute instruments and trom trust funds and similar arrangements. and royalties derived from sources vithin the Philippines are subject to the rwenty 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 subject to

2) VALUE ADDED TAX/PERCENTAGE TAX

incidental thereto. its revenues derived therefrom shall be subject to the 129', v AT. in ease in the saie of goods or services in the course of a business pursuit. including transactions the gross receipts trom such sales exeeed Three Million Pesos (P3.000.000.001-. or to the 330 percentage tax. if gross receipts do not exceed 33.000.000.00. If DU-BALADAD AND ASSOCIATES :BDB LAW\ FOUNDATION INC. is engaged

properties or services and imporration sf geods shail hevertheless Se surieet :o Che t20 Notwithstanding that it is a nen-stock. nen-oretit corporation. its purchase ot zoods sr VA1 pursuant to Sections 16 and :07 vr the Nationai Internal Revenue Code or :297. as amended.

3: WITHHOLDING TAX

emrlorees recei- e xmtensaton Fceme nruet s :ne -vithhoicira -ax mcer Secticn DL-BALADAD AND ASSCCLATES BDB LAW FOUNDATON INC. ShAI Re Impiemented b. Rerenue ?ecuatrs -onstituted as vithnoidirs igent -er -he -:ernment :r t ieis as an emeioyer anc ts "hopier - Tue Hc he Nacnal rernal Reenue -ode x smemueu. i raaes nckme i irencea..is

R evenue R eguiatcns j cayments o inei tuais N che Maticre erna s* enue : Hthrotdint rar: isrence areue . ech:

-.1

DLHEALLALATLSSOCATES EDE - FDINLATION HC Tage 3 o:': Iar issuec c

TAXFAYER'S DUTIES & RESPONSIBILITIES

: DU-BALADAD AND ASSOCIATES DB LAW FOUNDATION INC. iS rEQUirEC WC He on or perore the I Sth day of the fourtr montr fohowing the enc o: the aecountins perioc

a Profit and Loss Statement anc Baianee Shee: witr the Annua. Information Retur under

oath. staring its gross income and expenses incurrec auring the preceding period and a

certificate showing thai there has not heer any change in its By-laws. Articies oi

incorporation. manner of operation anc activities as weli as sourees and dispositior. of

income. Copy of this Cerrificate of Tax Exeniption shal. be attached to the aforementioned

Annual Information Return.

29 Under Section 235 of the National Internal Revenue Code of 1997. as amended. any.

provision of existing general and special lay te. the contrary notwithstanding. the books of accounts and other pertinent records of tax-exempi 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 heen 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

Intermal Revenue Code of 1997. as amended. tc issue duls: 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 ).

+ Finally. it is subject to the payment of registration fee of PhP 500.00 as prescribed in

Seetion 236( B) of the National Internal Revenue Code of ! 907. as amended.