BIR Ruling No. 85-2018

REPLIBLIC O-r. I]HE PFiiI,J PPINES DEP,4.RT,VIEI"IT' OF f Il'lAliCE B{-IREAU OF 11'JTEF'I.}irfil- REVENLIE Quezon Ciqv ,,:...: I j.*-i'i''- i-i*unoure of Tax ExernPrion No' I .,: --.-l I I I -_ cEnrxFICArE tlF'"o". uo;;on tssued 1o Pjic Fo IJII{SA.TION " {l'{Cl. ithii. Sinter'{.cirp.. }'HIVIDEC' Industrial Lisiate.lr'1r,,q111-1s1rn. N4isainis l-triental 9002 ,i IIr: SEC Compaui,Re'.lio. I'is ceitities tl iai tlic air.ii,e-nlrnrccj crri]'rirf iilion is a L:or,-stoaia.,,on-pr,lfit corpolation j ilioveri [1' a,:tr:a.i operaiion that its pri;lary' purpo:;e falis r-urder Section 30 (E) ot the r,l irire,uial l{evenue Cocie oJ- 199"1. as amendeci. It is exempt frorn INCOI\4E'fA}i onlv I! ,i ., j i lt',^.,i i'r'i)t^r Lrs or i'eceip1.s : .:. Iir;,ri*f ilnls. -'----'--'-'----'"----**----nothing fclic,ws---- i.i il)e Drci,isi<.rrir; of lppiir:able IJIR I'ules and regulations anC tht: ta)i exemptioris. :.:s irjto ;'esponsibililjcrs statecl in ihr:'lr:rins and Conciitious hereto attaerl'ied ancl uracic an irzrii iiere,-rf" It rs liaLbie. iiow.:r,,er" fo ail ntheita>:eS ntri eiltrlfteraicd abovr:. it'ri., ;:eriirrr.:ation sirali i:e rralid foi' tl.ri*e (j.) years fi'om the d;rte of issuance rtniess ?,,,ci,e,-i h','iii:ii Office firr viola.tioil of any pi'cirzisions oiappiicable ntles ancilcg'-riations l;r Lhe tei-rris arid r:ondilic'ns hercin sr:l [brth. l-iris CerLificiiic nra,\' L;r: iener,r,eci upltn filing o{'ar sutrsequent application for rel'aiiclation :, irnciet'iil:rienue lr4emrirandum OrcJer (R-MO) No.20-2013. fiailule io retiew this :rte sh:ill i:e cie,:niecl a rei'ocatiori tirereof upon tire expirzrlion of tiie three (3)-year :i'i'ilrr;i:rr:.sf'er:pfiriefrsceiintrcecol faLli'dars;uEbr,nxeiliuerlp1t.io]i-rIo,rsvebveeirn, gil'uispsoutei dinovuestlhigeatbioans.isthoefBtiIrRe facts and ascertains ;'ar::t:; ilre dif1,:rc:rt" then this L'.ei'tific;aie sirail be considered nr-rll and void. tir dar i$\ru ;i .tr ?{jt$ CAESAR T{.. DIJ[,I'Y {-oinmissionei' ol intemal Rei,en[ie { *f t, \ &.&,"* S -{*,-J frHg"fie S" H$foi& ilrlrurv e$ffitnissimfier

Foundutittn- trnc:. "' L ll- No. u.-ac)-7-.-^^t.'r C Page 2 ol3 ]5Sllei r--' *-::----:.' PSC - a, Lla[e oF rHE J;li:-ryi-i* Xld"3il?tT?TiMPrIoN TAX EXEVin',',i'IOFr I,rINtroaor>Cg;aboOneni2Mreae*iE'iteoitTnnle'..i1cdexisXlrsao.tLncdt$lhnCreteincFteuagqc::r:,i.il:ei'ljei'3;.li*''jlIri'ritl"li-.fr,.ttfiSl;l,;ei'[;,';,tJ,t^r-,y:',o;,Ll;ur;ri"rtle:n;'t;]xe;]e":tlC:t1".sedtm*sifehpict;ftaoeftirie'tnoiru,monfttdhTheeaerxRapsEeasvxoveecnmmiaupteeitoinonMtn/coe'omfMtipnooorcrareaotlotdmiovunemeir' Order l'Jo. 20-2013" L13g&, i'r y F-o sj I.{'n E R'5ALii.r}i.$*8 5-sXgg 1i INCOME TAX ' r;rnsui;ueo;sbrr;ii_v1ee,nc:x"dtEp;t;rouneN-st.ois:,Eel*iytActoe[o'i*;Irn<Il'.O,ee;im*siNlpppio;t.ie"nrcitciil;l\ii:rnl_r,'grt,{d'..,ir,,ir,,:ir,ii,rreils'"n,*ur.r.ii-.'^'b':,,l,i*errr'-:,v',o:,iiv:lrlreti,co,n''itiuiiCnei,n"c,c,licartotonxtinerr,,ets.eautiltasi"elhxp'ooouourfsnladeTnadbayleluxanirtEcecsitxetuiiervnmmicttteoylepctntlcNieoofb/nnlrf|ce'fCictu\ae4cxiotopeairtdltesiio/otrfsneov'veirnercp'noruitomelisiest .lb^c2s(.2i"elei'e.,(l'.i'()epee%l*fwo)illltt)srislsufuliit)ennnri.iai.iuritnl"-i,1nir.1,rw,bnetr6ai."iot]*a"ri.fiei"pit;tsr'ii;,o3rii..,o,;iiol:JGindiiiici"il;o*g,io:ri.i-^rlhSrtotifrr.e,-ner-ici,oir:.i:iirii",-ot'i,ri,r,i,l,;a,,:':lu:,'';i'n.-ri..it),'rt:'ec,sii1.,,sr'it.1it.;iriw.:l1o',d;iJr.clrinh"vrJt*iilliri'arh1r-irili:loe-';]t*'twJii'lgrli;eeeanrinvviN*cieqrrit'rthihtd.llriitheLcetChiipopilnaq'olpdts)itni'irindtnres.gertsesaptrainenfo'rudscesntoiysdtimnsliebsieoaji;dernmtscadt9teexIsmt.qiadpmneusthiYrlhr.aise"ar'uoeltlawtadhbnreerbetnaryttn.sorvgunitbeopSf-nneilee'ereoccctnmtlateitorsntlno'a't' 2) \iALUE ADrlE,D TAX II hSuSsiCneIsLsOpL{u,'UsirSit. AinIclpiulc\irinxg5l[,:'.,iS-ttc*trigiratgirecil,,i.nictii""nretosialteheorfegioo.oi.ndsgoernseerarvl.icietss. hinalithbee course ol a liable fbr \/li,T on the reven*es deiivr:cl l-}:'ei efi''im' tpNaicoTiptwepriltuileststtra,oan,nc. li,i.lt?gor,iSih.e"aocttiioatnrirsdr,iin0rrt;',,o;ri,rrr,u-'c,rull.Iii,i,tocl7i.ii.oorfittt!itrrieot-rpoI'rJ$oI-Rf1iCl $'cloi tnpeovt'earttihoenl-esits's-6peurscultbaiseectobf goods or rhe i2oh 3) WITTXHOI-DIniG TAX N FOIINDATION. ryc--siraii be constiftLied as rvithholding.agent for tire govcrnntent riibfv;iorittahlR.hc,eotislavceoi"inns"guiur.tn;a'n;fx.f;giruTupriii'l*ucdl;ieii;.rrir:'"S1.tnessc'ptNici*o,ono,..lz",2q,"-*t9i-eAi8csi.",.eaCihscheeaapmi*.tie,tet_rtni..Xd9oetI9dIdIpi.,nopgTr9-itt-niiaefsx'li3ltptomuiforast"huk.elaeTnsN9tIinR1tocC"o.'St.sneraec-sit.biipomjanepyl5clel7ltrentnooeTntfhtteh.etdeo XiiC- as implemeiied b1'nevrirffiUnlations No. l-98. as amended'

PSC f ounclution, lttc. CTI,I'ji: O8,5-e*$ Paut .i ut l Date i,. sued._ 1*4X*A[}1S . L\tBSlJt{ S DUTIES .& r'i.E SI"ONSIBIX.ITIES I i fl$E^pLINDATiO-ilrlNC.is required to file on olbeforc the l5th dav oi'the lburtlr lr(-)irlr f,ilowing t[A errd of the accounting period a Profit and Loss Stateinent arttJ Baiatrce [ib.*;, with the Amual Inforrnation Return under oath. stating its gross incoute and e:.'pelr,-.:, iticr.urecl cir-rring the preceding period and a cenificate shr:u'ing that there lias ni:t heetr air' cirange irr irs ii1-lau':;-.fu'ticIes c'flncc,rporirtion. l-nilnj,trr-oi iiper"ation errd aciivilics tt] u,',.: i1:.;rcriil'c{is and disposjtion o1-inbonre. Copl of tiris f-lertrficiite.of f ax Excmptton sliall t-:, nit:rclie,d ic tlie afcx'ementioireri Annual lnlbr:tnation Retr-irtl, ' )'; Liniel :iei;lion 135 cf'the l'ilRC" dr) prr),,,i,;ion of existing gerieral anii spr-.cial law lo tii,, conr;Ty notrvitirstarding. tJre books of accounts an.l other perlinent records of,tax-exetir:. ,-rr:ga.i;i.,raii,:n or grantees of lax iincentive:r i;irall lre sutrject to examiuatiol b;" the Bltl i,:, r tialr:l:ilprr:l:s,iecisr:prrtficanssceorfi.ta*in: inil.gicecnotn-ir\p,'eiias.nac'n.:':l u'iiir ti-re c,rndititt;is tnclet lahlch it ha.s bee;-r grani'.r" i1s ia:,: li,nbiiities, if any. -;.r i:urih,:r, it ir iiso rcquirecl uri<lei Sectirtil b(L)l rn reieliori to Section 23'7 of ri're t.iIRC i': issire .lrJf i:cgistered receipts or sales or: conlmerciai invoices foi each saie oi: trarrsf'er ,-',"' mc,'i:iieurdi;se:rr i,.ir s,l;',,'ices leridr:leil .;viricli ati nol dir:r:ctiv lelatecl to the activitjes fl.,: llo. u,iricli ti',,r: /rssor-:iatioii isr rcsistereC ifl,erri:iir.i.; ldcrloi'aniluniClrrcr-rii:,r F{h4(-ll lrio. ,iii ?Jii; Finiliiy. it is siif,jecjt io tlle ;'iar,'l:ir:r;1 r:,1'rr:gisl,raiirin fee of Pi'# *it-i0.00 as ixescribeci i 5.r-:ciiu'r. 1.116iB') cf' tire |{lFir.I.