BIR Ruling No. 74-2018

' ,:. REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City Certificate of Tax Exemption No. o?!-e0fi CERTIFICATE OF TAX EXEMPTIOI{ issued to Pantabangzur, Nueva Ecija 3I24__---- TIN: SEC Company Reg. No. IaSNneCdcOthioaNnsITE3ph0roiT(sHvAec)XneortbfoifyntihelaeyscNottuhnaaattltihootehnpeafeolralalIbontioowtevnimen-tganhlaarmtRevieetesvdnepucnreouismrepaocorrrylardetp"icoren.oippfiotss1r:a"99nis7o,noan-ssetaoomcfektn,hdnoeosden. -epItnruoismfietexcreaomtreppdotruafnrtoidomenr l. Tuition Fees and Other school feesj 2. Donatjpns; and 3' ' pPirtnuAscrpoNompTsereAesBdm. eAilsNiveGesdA, Nforo'wmNnCeo.dp,et"roantbigoenaocopifuecaarlalfyet,teeddriiarebsc/cytalynstaerne.dnseAxacNnludDsibRvoeEolykWsutos,SeredssfolcorcHeadtoeudocalwtiiothoniaFnl -.--nothing follows----- subject to the pro, :" ,iabi,ities*o,,,oJi:[i,"'"j--:;;Jtd#+:#j.;.#J:fi lfr il:H:: not enumerated above."ff '#.;l:Jff integral part hereof. It is liable, however, to all other taxes bccfohaorasnirvsdaiicotf-iooltaerTntrihsi,tosipsnhuineclopcrefeooriastmninefieycsoeaptrattrixomfoovneerisxttshhieoho.mnadIspltltoisboofhefnoa.avplpaielpilrkiladiectaiwforbonilsemeorfutbhtlheeeesrde.*aovatreopootk.fg*e,i"is1risfuoutntaihonewncrseheicuoahfrnettahimlreeraeBitvneIoRcrkioa,enlodsrcisbhthtayeenntghtteeiwsrsmiOtisnhffatitchhneeed This certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted._ Howerr".,lf 6;r investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. Issued this dayof .fAN 293$1$--_ K.I-JAC -/K-\""-4$/ -CAES,A.R R. DULAY 12g11 Commissioner ofqInf t,e,r.n,0al Revenue

St. Andrew's School of pantabangan, Inc. CTE No. o7l+-4018 Date issued r-ag-2018- Page 2 of3 TER]VIS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION Non- tion TAX EXEMPTION 1) INCOME TAX. is exempr from rhe *d;;.iplr payment of income tax only on revenuer continu"e;mto emreaettethdeofonlltohweincgerrteifqicuaistietesofasrasext Exemption' It is understood that the school must No 44-2016, to wit: forth under Revenue Memorandum order (RMo) i. It is a non-stock, non_profit educational institution; and ii' Its revenues actuaily, are directly and exclusiv"rv for educational purposes. "*O toii,iffiffi;; 3tipd"hT^uJeer"Xs^^cpu"lo.oa"no^nt]dicw"stiet!"4ivi1olt'o"runs}"fs:*aiiJit:s"trThwn:,p?aSpr.duutITrTuSaypr.sCLro"lui*'saevrauertVllaldiaurx*srJc-fn.eParLtxuenothesr\OenelmmrLrFdaepu'lsxdtrcuRpAaeoea.stdlynirlopul"crrnncluAeoaaTudqAlteysiAoBifnoiclnnltsro\a.est(oiflrtit"grufAieunintcilmsoo\citntefiutu,nurrrsltaaseiglornIel\,unclLis,eyy'lieux.t,'dedS,odsmeshuapimipacnroitltt"elseu"fiorrtace;onl;Ssslmtyiy;tl;,s;yitt;nd*hea;Cimber;Oenjj;m2ci;md"0te"l;yypefoforfaxOsfinieinmcldda;l;Cleuut;axun"sxcrd;rliee;uavrnsnceSidvyeellcyb5ltyai%ionninnrk Revenue District office concemed an annual information return and duly audited financial statement together with the following: (a)Certification from their depository banks as to the amount of interest income earned fiom passive investment not subject to the 20yo final withholding tax and l5%ot tax on interest income under the expanded foreign currency deposit s{stem imposed by Section (D) (l) 27 of the National Intelrnal Revenue code of 1997, as amended; (b)Certification of actual utilization of the said income; and (c)Board Resolution by the school administration on proposed projects (i.e., construction and/or improvement of school buildings and flcilities, acquisition of equipment, books and the like) to be fundecl oui of the money deposited in ffoalllkoswionrgpltahceedenind money markets, on or before the l5th day of the fourth month of its taxable year (sec. 4, Finance Deparrment order No. 131-8T2. tr:VaIael.0:xvA.9aTe(LtnrIouU:XrneyHEsrp?)drAlroole,"vgfDr.triTnhdvDeeeri',ddE"fN^,Dft:IuhfRooeCTmnyro,sAanaSrrX-s.eTsAst.oeo(NwtVscnkpAue,RsdnTeEod)annwiO-ndp'sNrotohpfeesiErrocaDeptrde{erudJrgcaCbatpAiytoiolTnintoIaoaOFlsfNiacnPanAsAfcteLiiNtltlueaTrtSriiyaoAEsnBa/RcicAa,tVniNvtIieGtCieenAEss.NSa..NnPdCub.rosoaurkaesngtertoo.xrtseMeosmsorprSleoeteccorcearvtioitpeoemtrnds, :]jllll: " ! 2) 3) l) TNCOME TAX. RIWO subject to income tax on all its in the Certificate of Tax income/receipts/reven ues not r*pr.riffird I Reoublic Act No. I 096i increased the tax rate frnm i ss/^ tn I iol^ cfTeclire Ienrranr l n I e

rit'li St. Andrew,s School of pantabangan, Inc. Page 3 of3 CTE No. #eIE18 i"*r t"r NcEoxInRedcmu'cpatetsidoanmf'oeMrndpoerrdeo,ofiovt,nerwi,rh,itiic"ih"s"s-u"b'jj*eic"tgt'orortrh"eilco.rr"evs;p;oiln;dilinog.niniteersn,alrereavr eonrupeertsaoxneasr, imposed under ;; ffi;;"5';. 2) taxation, or any activiry actualry' directry and excrusiv"rt "r"o for unr"r. ADDED TAX/PERCENTAGE educational purposes. said revenu", ur" VALUE TAX r services rvhA;l%r.;i;l"?"";";t;";s;;1.Jl.";,Jriielr%gceroifps;t:ssi,fr:reoiclmHeip:sriuslc:h,d?oslanfr"eos"t ;ee?xxcchee:ee;dd derived thererioPmeso'hs 1(Pl"3b'0*0,{6i;:6;;d;;'ff#ij1i"i#*" Ij,f,TrYililon ;'#ffi riio, ;;;; Norwithstanding ;:x J Tth#atTit?isHa:'nofns-s"loJc;kJ, n;oini-;p"ro;ffiftico:ir#poJrattxio,n", -its purchase of goods or properlies 3: u: "J,t"lr,i o p; ;; 3) WITHHOLDING TAX. ffiaiisanmsuEgdpibelimrvrnjreeirpdltmc.il'ufret:oueamlrtlnl-l"slettnihenleteod;tder"gbdco#vo;vb;reR"y;pr"eionR:rvrmeeladv:netieiiunonlnetnug,iefRfj,]liueRt*tfageaii;xiugc;,"tur*;s.ualiia:naafttislfia"o'":u"ni:.,r,ns'r:NT"s:".i"ol;"lrl:T;tj=;$rl:3ui.l''-tr_u:;-,Jin"-''?;.rT:;r.r^j.ti"f-:.#(^,.-;-,l3f"T'.+r'i^r.J;",'.o*..l.lT*,..,:[--n:x-'Tl3.i9:ilr'lIJfe'#^r:arr-:l*:r;iXircf'iJ',beuit:Ii^esr;;im,v;fcluaT"oferklniilteislsr*srTetcli#lrouiunr:mrr?tcefeopoofdfemi:fna'est,shaJ$petwaioi,yriNitnimh,lr8theRinaonC:c]ltTdos:,riinta:;ogs t 1) ilffi A#ffi;: ;ceBdJhxaapa:yleHnanognsf"eceTteshineSin:fhicojtseiuuerrB:rttHehyrdit-'lil*1dtahut*?rrttit,n:'1"g"rA"tehGi.enti*.npiG"ure,utcoineidi-r;i"nni:'g.l"o*r;_a.pp;e";;or"r;i.*to'a"rHdrtti":"*o"an,#,*u"'mi"fla"f1rnit*eniierr.raootpiesrfeorrrosieagohpqxdtoehuwri,EaareisxtpniderJgramnotttofihpniatatfginitalodentihntdsaoesLnrchgeotiaorsvhoursiatsbisbesSeesntfiaonoatarttceersaobmcetmwheehneeneetd,laaa5nnnattohdvsd ": epeuxexnairsdtmiteninirneganSttgeiocrenetnicoebonrvard2lts3ha5enodBof sfItRpathexefc-oeiNarxlaeptmuiotpnptato;ol'"riI!gnn'ota"ernr"noizanalttRi*"ey"v""en;noutewicthosdteanodfin. g16,9x9t7h.e, h; i""";;;;;^;a' ;;;#.i'.of 2) asamended, any provision of books of accounts and other be subject to . it has been granteo tu* "*"rniffir;; tax"j,nic"nen"ir"ivi,ers's]a1n"d",0itsfir"a"x""liawbiiltihtiethse, conditions if any. under which 3) tiRFnruevi1orvteihc1neeu"rs'e#ittbc%orisde'aieailc;so1ho-f?srealfiqlgefuf7ioir:e,ird"a*swutnh"rdi.*ce;hr;JS"iri;e-'"ectraicorthnoroa,6in.i(siducu)itsei"ien"droire,i,l;a,r;"to.ieogrrn",;*r.trr"oe*edis"d.e..c(rRt.eio.ecnneviaep2tn3s'";7orMo"rfJt;sh;a;*eriuelNsnaadorteiruoncnmoaomrtcmdIinriretceerurccnritaarayrrr 4) Finally' it NisastiuobnjeacrtIntotetrhnearpRayemveennuteofcoredgeisotrfat7iogng7fe, easoafmpehnpde5d0.0.00 as prescribed in Section 236 (B) of the 3 Republic Act No" 10963 increased the vAT threshold from p1,919,500.00 to p3,000,000.00 effective January l, 20rg.