BIR Ruling No. 302-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTHENT GF FINANCE Quezon City

Certificate of Tax Exemption No.

3C 2m2013

CERTIFICATE OF TA X EXEMPTON

issued to

TUBUNGAN BAPTIST CHURCH INC. (TUBUNGAN, ILOILO) SEC Company Reg. No. Talento St., Tubungan, Iloilo 5027] TIN:

and has proven by actual operation that its primary'purpose falls under Section 30 (E) of the National Internal Revenue Code 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

1. Contributions, Tithes and Offerings.

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

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 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 of MAR 0 5 2013

K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY e 013953

Tubungan Baptist Church Inc. (Tubungan, Iloilo) Page 2 of 3 CTE No. Date issued 20E-3 *-

OF THE CERTIFICATE OF TAX EXEMPTION 'TERMS AND CONDITIONS

TAX EXEMPTION

D) INCOME TAX:

: 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. payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption IUBUNGAN BAPTIST CHURCH INC.(TUBUNGAN ILOILO) is on|y exempt from the

LIABHLITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

any of its properties, real or personal, or any activity conducted for profit regardless of the TUBUNGAN BAPTIST CHURCH INC.(TUBUNGAN ILOILO) is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the Certificate of under the National Internal Revenue Code of 1997, as amended, on its income derived from disposition thereof. which income should be returned for taxation. Tax Exemption. Moreover. it is subject to the corresponding internal revenue taxes imposed

and royalties derived from sources within the Philippines are subject to the twenty percent seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D)(1) in relation fo Sec. 57(A) both of the National Internal Revenue Code of 1997, as amended. 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 withhoiding 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

receipts from such sales exceeds One Million Nine Hundred Nineteen Thousand Five thereto. its revenues derived therefrom shall be subject to the 12% VAT. in case the gross P1.919.500.00 If TUBUNGAN BAPTIST CHURCH INC.(TUBUNGAN ILOILO) is engaged in the saie Hundred Pesos (P 1.919.500.00), or to the 3% percentage tax, if gross receipts do not exceed of goods or services in the course of a business pursuit, including transactions incidenta .-

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or VAT pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997. as amended. properties or services and importation of goods shall nevertheless be subject to the 12% . 3) WITHHOLDING TAX

or corporations subject to the withholding tax pursuant to Section 57 of the National compensation income subject to the withholding tax under Section 79 (A), Chapter XIII. Title II of the National Internal Revenue Code of 1997, as amended, as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income payments to individuals Internal Revenue Code of 1997. as amended, as implemented by Revenue Regulations No. 2-98, as amended. TUBUNGAN BAPTIST CHURCH INC. (TUBUNGAN, ILOILO) shall be constituted as withholding agent for the government if it acts as an employer and its employees receive

Page 3 of 3 Tubungan Baptist Church Inc. (Tubungan, Iloilo) CTE No.302-2018 Date issued 3-5-2018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) TUBUNGAN BAPTIST CHURCH INC. (TUBUNGAN,ILOILO) is required to fiie on or 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 Exempton shall be attached to the aforementioned Annual Information Return. before the 15th day of the fourth month foliowing the end of the accounting period a Profit and Loss Statement and Balance Sheet with the Annual Information Return under oathj

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 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. 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 are not directly related to the activities for which the Association is registered. (Revenue 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 Memorandum Circular No. [RMC] No. 76-2003).

Section 236(B) of the Nationai Internal Revenue Code of 1997, as amended. Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in