BIR Ruling No. 293-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 293-2018

CERTIFICATE OFTAXEXEMPTION issued to

MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN, INC. Purok Takway, Brgy. Nanyo, Panabo City, Davao Del Norte 8105 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

1. Grants and Donations.

nothing follow

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

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

period. 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 This Certificate may be renewed upon filing of a subsequent 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 ofMAR 0 1 2013

1SanA

K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY 013630

Mariphil Children's Village Atong Pinuy Anan, Inc. Page.2 of 3 Date issued3-1-2018 CTE No.293-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION 1) INCOME TAX. MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN INC. iS only exempt from the payment of income tax on revenues and receipts enumerated on the herein, the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. Certificate of Tax Exemption. Moreover, to be entitled to the tax exemptions enumerated

LIABILITY FOR INTERNAL REVENUE TAXES 1) INCOME TAX

or any activity conducted for profit regardless of the disposition' thereof, which income should be returned for taxation. MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN, INC. is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the Certificate imposed under the NIRC on its income derived from any of its properties, real or personal, of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes

seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the NIRC. depository bank under.the expanded foreign currency deposit system shall be subject to Likewise, interest income from currency bank deposits and yield or any other monetary 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 benefits from deposit substitute instruments and from trust funds and similar arrangements.

2) VALUE ADDED TAX/PERCENTAGE TAX

Five Hundred Pesos (P1,919,500.00), or to the 3% percentage tax, if gross receipts do not exceed P1.919,500.00. sale of goods or services in the course of a business pursuit, including transactions 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 If MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN,INC. is engaged in the

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

pursuant to Section 57 of the NIRC, as implemented by Revenue Regulations No. 2-98, as Title II of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income payments to individuals or corporations subject to the withholding tax compensation income subject to the withholding tax under Section 79 (A), Chapter XIII. amended MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees receive

Mariphil Children's Village Atong Pinuy Anan, Inc. Page 3 of 3 Date issued3--12018 CTE No.-2932018

TAXPAYER'S DUTIES & RESPONSIBILITIES 1) MARIPHIL CHILDREN'S VILLAGE ATONG PINUY ANAN,INC. is required to file on income. Copy of this Certificate of Tax Exemption shall be attached to the aforementioned or before the 15th day of the fourth month following the end of the accounting period a Profit and Loss Statement and Balance Sheet with the Annual Information Return under certificate showing that there has not been any change in its By-laws, Articles of Incorporation, manner of operation and activities as well as sources and disposition of Annual Information Return. oath, stating its gross income and expenses incurred during the preceding period and a

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any incentives, and its tax liabilities, if any. compliance with the conditions under which it has been granted tax exemptions or tax provision of existing general and special law to the contrary notwithstanding, the books of incentives shall be subject to examination by the BIR for purposes of ascertaining 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 Internal Revenue Code of 1997, as amended, to issue duly registered receipts or sales or are not directly related to the activities for which the Association is registered. (Revenue commercial invoices for each sale or transfer of merchandise or for services rendered which Memorandum Circular No. [RMC] No. 76-2003). 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.