BIR Ruling No. 92-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No.

092-2018

CERTIFICATE OF TAX EXEMPTON

issued to

SAINT FRANCIS COLLEGE, GUIHULNGAN, NEGROS ORIENTAL

INCORPORATED Bateria, Guihulngan. Negros Oriental 6214

SEC Company Reg. No. TIN:

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

and has proven by actual operation that its primary purpose is one of those enumerated under

Section 30(H) of the National Internal Revenue Code of 1997, as amended. It is exempt from

INCOME TAX only on the following revenues or receipts:

1. 2. 3. Donations, contributions, grants; Tuition fees and other school related fees; and Revenues from the operation of ancillary activities provided they are

owned and operated by the School and the same are iocated within its

premises. -nothing foilows

subject to the provisions of applicabie 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 from the date of issuance until revoked by this Office

for violation of any provisions of applicabie rules and regulations of the BIR, or the terms and

conditions herein set forth. It shall likewise be revoked if there are material changes in the

character, purpose or method of operation of the corporation which are inconsistent with the

basis for its income tax exemption.

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 ofJAN 3 1 2018

CAESAR R.DULAY

Commissioner of Internal Revenue

Saint Francis College. Guihuingan, Negros Oriental, Incorporated K-1VDPM14 CaC.h

CELIA C.KING

Depurv Commissioner

Resource Management Group

SAINT FRANCIS COLLEG NEGROSORIENTALINCTE T

Page 2 of 4 sla

TYCNTS

OFTHECERTFC-TETTARTEAPTON

under Section30Hofr For NorSto-ofro 15701

S

TAX EXEMPTION

D INCOMETAX AT FRANC CULANE

ORIENTALINCORF-T oo

revenues and receipts numca tteoEn

understood that the school rust conewe w ooaingrousiteresafornande

Revenue Mernorandun R

H. Its revenues are aotuay.aren It is a non-stock.nor-ro foredncaionarosos

CAINT FRANCIS NGFOS ORIENTAL

NCORPORATED'SInESCDO

substitute instruments used csuually. dr an educational institution. ar- e1 ir ptrsuane ofitepurpnscs 3 exoninore

l of the National Internal Fenu income under the expana- oosungerSecton27 subieet tocornnhancewn

the conditions that as a tax-cxempt eonoas shallonenannuaraissaora

to the Revenue Distric enee AA mionanyaua

financial statement together wit hstoilowins

aCertification fron threr derosncry banas a o the amoum of inorest

income earned f.- aasjve insstnett nol aieer i the 2oa fna

withholding tax ane neetxorinerest jneoneunesr thonpanded

foreign currency depoa wsem imposed tySeason 27D1oas

National Internal Fovers Coeof 7.asaored

bCertificationacul utntonohsadinon

cBoard Resclatonn thescheol achamistrationon proposed projee

i.e.construction anic irnprovenen of sencel buiidings and faiities

acquisition of equipment.bool and te lis bs fanied out of the

money deposited i bas orcin oney markeon orforts

l5th day of the fou montfoiloving theendofits axableveu (es

4Finance Deparnt Or13-27

2 VALUEADDED TAXVATONEATIONALSTCES

Section 109H of NC.ATS COEECUIHU

NEGROS ORIENTANOT' recpom orera

non-stocknon-profi euiona instution are exempt frem

Deparmen Order No.149-05 daav 1arendgDnmen O

1230f4 SATFFANCISCLE.CUJLNGAN NECROSGRENTAINOOUFORATED CTE NO Dasisued 131-2018 092-2018

LABTFORNNFEENUETAXES

NOOMDT-X

ANTFRASGEGUIHULNGANPOSORIENTAL

o income tax on all its irceipts/revenues not

xpresiy exc st in the Certificate of Tax Eption.Moreover, it is

subjeer to the corespontiing internal revenue taxes imposed undr NIRC, as amended, on

ins inoome deriveom ahy o ins properties, real or personal, o ary aetivity conducted for

pofi., which intos shoul he returned for taxation, unless said revenues are actually.

iretiy anc exclusiiy use for educational purposes.

VALUEADDEDTAN

SANT FRANCIS CLEGE, GUIHULNGAN,NEROS ORIENTAL INCOrORA'T is engaeex ia the sale of goods or services in the course of a business Parsuit. ineluaing urursaonors ineidental thereto, in general, it shall be liable for VAT on

he revenues derivec tkereron

Norwithstarding thar: it is a non-stock, non-profit corporation, iis purchase of goods or

pronerties or services as ntortation of goods shall nevertheiess be subject to the 12%

ATpursuant Sections 106nd107of the NIRC

AWYTEHOLDINSTA

mCorroRATeD shall te cOnstituted as withholding agent for the government if it acts SAINT FRANCSEGE GUIHULNGAN NEGROS ORIENTAL

as ar empiover an, 1us emsiovees receive compensation income subject to the withholding

axunder Seation 79. Chaper XIII, Title II of the NIRC, as impiemented by Revenue

Regulaioxs Ne. 2-98, as amerted, or if it makes income paymsnts to individuals or

corporations subjeet to the withholding tax pursuant to Section 57 of the NIRC, and as

inplemented by Revenuc Peearions No. 2-98, as amended.

TAXPAYERDUTEECRESONSIBILITIES

SAINTFRANCIS CLLEGE, GUIHULNGAN, NEGROS ORIENTAL

INCORPORATED is recuired to file on or before the 15th ay of the fourth month

foliowing the end of rhe: accounting period a Profit and Loss Starement and Balance Sheet

with the Annual iniormatior Keturn under 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-iavs. Artisies of Incorporation,manner of operatior and activities as well

as sources and aispositior oincome. Copy of this Certificate of Tax Exemption shall be

attached to the aforementioned Annual Information Return.

2 Under Section 235 of the National Internal Revenue Code of 1097,as amended. any

provision of existing genera and special law to the contrary notwithstanding, the books of

accounts and otner pertinem records of tax-exempt organization or grantees of tax

incentives shall be sunjesr i examination by the BIR for purposes of ascertaining

a

SAINT FRANCIS COLLEGE.GUIHULNGAN

NEGROS ORIENTAL,INCORPORATED Page 4 of 4 CTE No.00218 Date issued i32018

compliance with the conditions under which it has been granted tax exemptions or tax

incentives,and its tax liabilities,if any

3) Further, it is also required under Section 6(C) in relation to Section 237 of the National

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

are not directly related to the activities for which the Association is registered. (Revenue

Mermorandum Circular No. [RMC] No. 76-2003).

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.