BIR Ruling No. 273-2018

REPUBLIC OFTHE PEILIPPINES DEPARTMENT OF FINANCE BUREAU OFINTERNALREVENUE Quezon City

Certificate of Tax Exemption No.

273-2018

CERTIFICATE OF TAXEXEMPTON

issued to

HILLSIDE CHRISTIAN CHURCH MISSION OUTREACH MINISTRY

(HCCMOM) INTERNATIONAL INC. Arban St., Brgy. Pauli I, Rizal, Laguna 4003 SEC Company Reg. No TIN:

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

2. Contributions, Love Gifts and Donations. 1. Tithes and Offerings; and

-nothing follows

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 inte ral 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 of BIR, or the terms and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

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

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 ofFEB 2 7 2018

a3 sawe CAESAR R. DULAY Commissioner of Internal Revenue 013668 K-1-JAC

Hillside Christian Church Mission Outreach CTE No. 27320.8

Ministry (HCCMOM) International Inc. Page 2 of 3 Date issued 2-27~2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. HILLSIDE CHRISTIAN CHURCH MISSION OUTREACH Moreover, to be entitled to the tax exemptions enumerated herein, the association/corporation/ organization must continue to meet the requirements set forth MINISTRY (HCCMOM) INTERNATIONAL INC. is only exempt from the payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption.

under Revenue Memorandum Order No. 20-2013.

LIABILITY FOR INTERNAL REVENUE TAXES

D) INCOME TAX

expressly exempted and stated in the Certificate of Tax Exemption. Moreover, it is subject HILLSIDE CHRISTIAN CHURCH MISSION OUTREACH MINISTRYHCCMOM INTERNATIONAL INC.is subject to income tax on all its income/receipts/revenues not 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 benefits from deposit substitute instruments and. from trust funds and similar arrangements.

(20%) final withholding tax: Provided, however, that interest income derived by it from a and royalties derived from sources within the Philippines are subject to the twenty percent

depository bank under the expanded foreign currency deposit system shall be subject to

27(D)(1) in relation to Sec. 57(A) both of the National Internal Revenue Code of 1997, as seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section

amended.

2) VALUE ADDED TAX/PERCENTAGE TAX

If HILLSIDE CHRISTIAN.CHURCH MISSION OUTREACH MINISTRY (HCCMOMINTERNATIONALINC.is engaged in the sale of goods or services in the

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 course of a business pursuit, including transactions incidental thereto, its revenues derived (P1,919,500.00), or to the 3% percentage tax, if gross receipts do not exceed P1,919,500.00.

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 National Internal Revenue Code of 1997, as amended.

3) WITHHOLDING TAX

HILLSIDE CHRISTIAN CHURCH MISSION OUTREACH MINISTRY (HCCMOMD INTERNATIONAL INC. shall be constituted as withholding 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 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 pursuant to Section 57 of the NIRC. as implemented bv Revenue Regulations No. 2-98, as amended.

Hillside Christian Churck Mission Outreach CTE No.732018 Ministry (HCCMOM) International Inc. Page 3 of 3 Date issued 2~2?-2018

TAXPAYER'S DUTIES & RESPONSIBHLITIES

1) HILLSIDE CHRISTIAN CHURCH MISSION OUTREACH MINISTRY HCCMOMD

INTERNATIONAL 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 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 not been any change in its By-laws, 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 National 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 records of tax-exempt organization or grantees of tax incentives shall be subject to examination by the BIR for purposes of ascertaining

incentives, and its tax liabilities, if any. compliance with the conditions under which it has been granted tax exemptions or 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 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) 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.