BIR Ruling No. 516-2017

REPUBLICC.F THE "HILIPPINES

DEPARTMEN! OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No

51-A017

CERTIFICATE OF TAX EXEMPTION

issued to

DIVINE ENDEAVORS ORGANIZATION (D.E.O)

No. 3, Cardinal Street. St. Dominic I. Project 6. Quezon City WARRIORS OF MARY, INC. SEC Company Reg. No. TIN

primary purpose is one of those enumerated under Section 30 (E) of the National Internal Revenue'Code of 1997. as amended. It is exempt from INCOMF`TAX only on the following This certifies that the above-named corporation has proven by actual operation that its

revenues or receipts:

1. Donations and Grants.

othing follows

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

earlier revoked by this Officc for violation of any provisions of applicable rules and regulations of BIR. or the terms and conditions herein set forth. This certification shall bc valid for three (3) years from the date of issuance unless

period. provided under Revenue Memorandum Order (RMO) No. 20-20i3. Failure to renew this Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year 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 dav of NOV 0 7 2017

iaamny

Commissioner of Internal Revenue CAESAR R. DULAY 010976

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DIVINE ENDEAVORS ORGANIZATICN (D.E.O) WARRIORS OF MARY, INC. CTE NO. Date issued ----F--i?

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

D InCoME taX.

to, or inure to the benefit of any member, organizer. officer or any specific person. exempt from the payment of income tax only on revenues and receipts enumerated on thc DIVINE ENDEAVORS ORGANIZATION (D.E.O) WARRIORS OF MARY, INC. iS Certificate of Tax Exemption provided. that no part of its net income or asset shall belong

LIABILITY FOR INTERNAL REVENUE TAXES

D) INCOME TAX

in the Certificate of Tax Exemption. Moreover. it is subject to the corresponding internal revenue taxes imposed under the National Internal Revenue Code of 1997. as amended. 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. DIVINE ENDEAVORS ORGANIZATION (D.E.O) WARRIORS OF MARY, INC. iS subject to income tax on all its income/receipts/revenues not expressly exempted and stated

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 depository bank under the expanded foreign currency deposit system shall be subject to 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 National Internal Revenue Code of 1997. as Likewise, interest income from currency bank deposits and yield or any other monctary (20%) final withholding tax: Provided, however, that interest income derived by it from a

amended.

2) VALUE ADDED TAX

If DIVINE ENDEAVORS ORGANIZATION (D.E.O) WARRIORS OF MARY, INC

transactions incidental thereto. in general, it shali be liable for value added tax on the is engaged in the sale of goods or services in the course of a business pursuit. including revenues derived therefrom.

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% value added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997. as amended.

3) WITHHOLDING TAX

shall be constituted as withholding agent for the government if it acts as an employer and 79 (A), Chapter XIII. Title'1I 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 57' of the National Internal Revenue Code of 1997, as amended, as implemented by DIVINE ENDEAVORS ORGANIZATION (D.E.O) WARRIORS OF MARY, INC its employees receive compensation income subject to the withholding tax under Section payments to individuals or corporations subject to the withholding tax pursuant to Section Revenue Regulations No. 2-98, as amended.

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) DIVINE ENDEAVORS ORGANIZATION (D.E.O)WARRIORS OF MARY,INC. iS required to file on or before the 15th day of the fourth month following the end of the

DIINE ENDEAVORS ORGANIZATI(N (D.E. O) WARRIORS OF MARY, INC. Date issued CTE NO. 1-7-2012 162017

aforenmentioned Annual Information Return. 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 disposition of income. Copy of this Certificate of Tax Exemption shall he attached to the preceding period and a certificate showing that there has not been any change in its By- iaws. Articles of Incorporation, manner of operation and activities as well as sources and

2) Under Section 235 of the National Intermal Revenue Code of 1997. as amended. any incentives. and its tax liabilities, if any. provision ol existing general and special law to thc contrary notwithstanding, the books of incentives shall be subject to cxamination by the BIR" for purposes of ascertaining compliance with the conditions under which it has been granted tax cxemptions or tax 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 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) Internal Rcvenue Code of 1997. as amended, to issue duly registered receipts or sales or

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

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