BIR Ruling No. 58-2018

REPUBIIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BTIREAU OF INTERNAI REVENUE Quezon Cify Certificate of Tax Exemption No. cr8-2018 CERT{FICATE OF' TAX EXTMPTIOIq issued to PI] [LIPPINES NOR1A .4Y tsUSINESS COLINCTL. INC. 2llF Petron Mega Piaza Bldg.. Sen. Gil Puyal Ave.. |lakati City TIN: SEC Companl Reg. No. fhis cettifies that the above-named corporation is a non-stock. non-profit corporation and has proven by actual operation that its plimary plu'i)ose fails under Section 30 (F) of the National Internal Revenue Cocie of 1991. as amended. It is exempt from INCOME TAX only on the lbllowing revenues or receipts: ' 1. Nleetings anci Gathering fees; anci 2. Donations. sub-ject to the provisions of applicable iliR ruies and reguiations and the tax exemptions, iiabilities and responsibilities statecl in the Terms and Conditions hereto attached and made an iniegral part hereof. it is iiable. iiow'e.rer. to ali otirer taxes not enumerated above. This cerrification shall bs valid ftri three (31 ;iears fiom the date of issuance uniess earlier revoked by this Office for violation of any pi'ovisions of applicable rules and regulations of BIR. or the terms and conditions herein set forth. 'fhis Certificate ma1' be reneweci upon fiiing oia subsequent application for revalidation provided under Revenue N4einorandum 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 Certificare 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 ti're facts are different. then this Certificate shall be considered nul1 and void. Issued this or day JAru e t, tu t6 CAESAR R. DULAY Commissioner ol internal Revenue K-j t" /1-t U,4L/Ur,n,,lltt,iI cE[fiA " Hfl,ruF 0eButV Cornmissioner

Plttiippines Norway Business Council, Ittc. CTE No. ^J-)(i-:^rr^- \: Page 2 of3 D are is. u"d-fr24=zci- TAX EXEMPTION l) fIrNonC-rOthMe EpaTyAmX. ePHnItLTPPil\E NoRWAy BUSil.{Ess couNc is onl1, exempt he Certificate of Tax Exemption. Moreover, to be, entitled to the tax exemptions enumerated herein. the association/corporation/ organ?ation must continue to meet the requirements set iorth under Revenue \4emorandum Order No: 20-2013. LIAtsILITY IIOR INTERNAL R.EVENT]E TAXES II INCOME TAX I'HILIPI'INE NORWAY BUSINESS COUNCIL. INC. is subject to income tax on ali its income/receipis/revenues not expressly exempted 'and stated in the Certificate of Tax EunxdeemrpthtioenN. I-RMCoreoonvietsr..initcoismseuddeercivt etdo t]re corresponding intemal levenue taxes imposed fi'9m any bf its pioperties, real or personal, ot any activity conducted foi profit regardless of the disposition thereol which income should b"e rerurned for taxation. Likera'ise. interest income frorn currency bank deposits and -rrield or any other monetary benefits from depoqit substitute instruments and from trust funds and simiiar arrangements, and roy'aities derived from sources within the Philippines are subject to the twenty percent Q0%) final withhoiding.tax: Provided, however, that interest iniorne derived byit'froin a depository bank uruier the.expanded fbreign currency deposit system shall be subject to seven and one-half perceitt (7-112%) finai withhoiding income tax pursuant to Section 27(D)(l) in relation to Sec. 57(A) borh of the NIRC. )i VALUE ADDED TAX If PHILryPIJ{E NoRwAJ TUSINESS cou}JCrL. INC. is engaged in the sale of good,s or services in the course of a business pursuiq includiirg transiciions incidental tGreto. in generai, it sirall be iiable for vAT on the revenues deriled 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 6e subject tolne 12% VAT pursuant to Sections 106 and i 07 of the NIRC, '3 ) WITI{I{OLDING TAX , PHILryPI]\E NORWAY I{]SINESS COUNPIL. INC. shall be constituted as withhoiding agenl for the goveiliment if it acts as anGmployer and its employees receive compensatioi iNt_IR":Cry,.assubimjepiltetronethnetewd itbhyhoRldevinegnuteaxRuengduelar tSioencstioNno7, 9Z-(9A8j,, Chapter XIII, Tirle Ii as amended, or if it of tire makes lncome payments to individuals or cotporations subject to the withholding tax pursuant to Section 57 of the NIRC" as implementad by Revenu-e Regulations No. 2-9i. as amended. v^vn-l

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