BIR Ruling No. 458-2018

REPUBLICOF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

458-2018

CERTIFICATE OF TAX EXEMPTION

issued to

CONRADO & LADISLAWA ALCANTARA FOUNDATION, INC.

Saci Compound, Maribulan, Alabel, Sarangani Province 9501

TIN: SEC Company Reg. No.

This certifies that the above-named corporation is a non-stock, non-profit corporation

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:

1. Grants and Donations.

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.

This certification shall be valid for three (3) years from the date of issuance unless

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 Certificate may be renewed 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 submitted. However, if upon investigation, the BIR ascertains

that the facts are different, then this Certificate shall be considered null and void.

Issued this day ofMAR 13 2018

XA

CAESAR R.DULAY

K-1-sof Commissioner of Internal Revenue 014373

Conrado & Ladislawa Aleantara Foumdat ion, Inc Page 2 of 3 CTE No._458-2018 Date issued 3-13-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. CONRADO & LADISLAWA ALCANTARA FOUNDATION,INC

is only exempt from the payment of income tax on revenues and receipts enumerated on the

forth under Revenue Memorandum Order No. 20-2013. herein, the association/corporation/ organization must continue to meet the requirements set Certificate of Tax Exemption. Moreover, to be entitled to the tax exemptions enumerated

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

CONRADO & LADISLAWA ALCANTARA FOUNDATION,INC. is subiect 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 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. 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

seven and one-half percent (7-1/2%) final withholding income tax pursuant to Seetion depository bank under the expanded foreign currency deposit system shall be subiect to 27(D)(1) in relation to Sec. 57(A) both of the NIRC.

2) VALUE ADDED TAX/PERCENTAGE TAX

If CONRADO & LADISLAWA ALCANTARA FOUNDATION,INC. is engaged in the sale of goods or services in the course of a business pursuit. including transactions

Five Hundred Pesos (P1,919,500.00), or to the 3% percentage tax, if gross receipts do not the gross receipts from such sales exceed One Million Nine Hundred Nineteen Thousand exceed P1,919,500.00. incidental thereto, its revenues derived therefrom shall be subject to the 12% VAT, in case

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or VA'T pursuant to Sections 106 and 107 of the NIRC. properties or services and importation of goods shall nevertheless be subject to the 12%

3)WITHHOLDING TAX

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 CONRADO & LADISLAWA ALCANTARA FOUNDATION, INC. shall be

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 by Revenue Regulations No. 2-98, as amended.

Conrado & Ladislawa Alcantara Foundation, Inc CTE No._458-2018 Page 3 of 3 Date issucd 3-13-2018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) CONRADO & LADISLAWA ALCANTARA FOUNDATION, INC. is required to file on or before the 15th day of the fourth month following the end of the accounting period a 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 Profit and Loss Statement and Balance Sheet with the Annual Information Return under Incorporation, manner of operation and activities as well as sources and disposition of income. Copy of this Certificate of Tax Exemption shall bc attached to the aforementioned Annual Information Return.

2) Under Section 235 of the NIRC. 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 tax exemptions or tax incentives, and its tax liabilities, if any. purposes of ascertaining compliance with the conditions under which it has been granted

3) Further, it is also required under Section 6(C) in relation to Section 237 of the NIRC to which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- 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 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.