BIR Ruling No. 715-2019

REPUBII CF THE PHILIPPINES

DUREAU CF NIERNAL REVENUE DEP-NTHIFNOF FINANCE

Qatzch City

Certificate of Tax Exeniption No.

1.

LFRTIFCATFETAXEXEMPTION

issufd to

GUERRACHARTAFLE FOUNDATION,INCI 346 C. Gonzaies Conapound N. Escario St. SEC Compay f.g. No Camputhe w. Cebu City 6000 TN

aa ras preve by actual operation that it: primary purpose falls under Section 30 (E) of the Nant.n: inier&l Revenue Code (NIRC; of 1997, as amended. It is exempt from INCOME . T - . .ris sr the following revenues or reeeipt.: Ths -ertfies that the above-naried corporation is a non-stock. non-profit corporation

IDeaatious, Gafts ana Beguests

rotairg foliows-

stojeat M: che provisions of appiieabie BIR ruies and regulations and the tax exemptions. integral pa.. f.ereof. It is liable, however, to ail other taxes not enumerated above. tiat:tites and -esponsibilities stated in tine Terms and Conditions hereto attached and made an

Of Bik, or tne terms ara condiions herela set ferth. eurfier Te: oked by this Office ror violatic n ef at provisions of applicable rules and reguiations Tris cerrification snall be valid for tiree (3) years from the date of issuance unless

Certifieate shuli be desmed a revocation Herett upon the expiration of the three (3)-year period. prs.aai under Revenue Memoranaurn rder RMO) No. 20-2013. Failure to renew tnis Tas Ceruricate nay be renewed apo: tlinz of a subsequent application for revalidation

hat tne fasts are different, then this Certifieate shall be considered null and void. Oi ns s representea and submittea. Htever, if upon investigation, the BIR ascerains Tris ertiricata of Tax Exempion -s ceing issued on the basis of the faets and

Issied rris Jay of :-:

Cornmissioner of Internal Revenue CAESAR R. DULAY

r-I-j 030703

Ga2r t tharnole Founaaion, Ine CTE NO Pane-o3 Dare issuedIFf i de

OF THE CERTIFECATE CE TAX EXEMPTION TERMEAND LODTIONS

IWESEMHTGN

: INCGME TAX.GUERRCHANISEFCCNDATION INC.is OnyeXempUfrOm associaticncorporauion organizationi ntust entinue to meet the requirements set forih Exemption. Moreover, to be entitied :s tne tax exemptions enumerated herein, the unaer Re enue Memorandum Order N. 2 -2013. the pavmeil of incore tax on reverues and receipts enumerated on the Certificate or Tas

LILEIITYFORINTERNALREVENCETEXES

T INCOMETAX

Exeption. Moreover, it is subject to -na corresponding internal revenue taxes imposed GUERR-CHARITABLE FOUD+IIO.. INC. is subject to income tax on all its income'reeeipts/revenues not expressly exempted and stated in the Certificate of Tax Hiaie: tre National Irternal Revenue Code ci I 997. as amended. on its income derived from any of is properties, real or personal, or any aetivity conducted for profit regardless of the discositicn thereof. whick income should ea rearned for taxation.

to Sec. 57(Ay botn of the National Inernal Re venue Code of 1997, as amended. Liker ise. inerest income from curerey. bank deposits and yield or any other monetary (20c s) riral withholaing tax: Provided, nov ever, that interest income derived by it from a depssitcr baak under the expandei ferergn surrency deposit system shall be subjeet to fifteen p er-ent (15%y final withholding incorr: tax pursuant to Section 27(D)(l) in relation berarius fiom depesit substitute instriments ard from trust funds and similar arrangements. and royaltes derived from sources within tre Philippines are subject to the twenty pereeng

Z) WALUE ADDEDTAX/PERCENTSCE TL

If GUERIECHARITABLE FOUMDATICN INC. is engaged in the sale of goods or -ervices in the course cf a business pursuit. including transactions incidental thereto, its from such saies exceed Three Million Peaos (P3.000.000.00)2, or to the 3% percentage tax, Iev enues aerived therefrom shall be sukject to the l2% VAT, in case the gross receipts

if gross rectipts do not exceei P3,000.000.00.

Nar itrstandirg that it is a ncn-stcek. nor:-prori corporation, its purchase of goods or properties or services and importation of 2o5is shall nevertheless be subject to the 12%

AT purs.art to Secrions 106 and :37 cf tre National Internal Revenue Code of 1997, as neried

3, VITHHCLDING TAX

LER+CHARITABLE FOUNDAICNINC. shall be constituted as withholding agent for the government if it acts as an empioyer and its employees receive compensation ineone sutject to the withhoiding tax uinder Seetion 79 (A), Chapter XIII, Title II cf the Mational inrernal Revenue Code of 1997, as amended, as implemented by Revenue Regulatons No. 2-98. as amendea. er if i makes ncone payments to individuals or corporations subject to the withholding ta Pursuant io Section 57 of the National Internal Rever.ue Code of 1997, as amended. as in:pieniented by Revenue Regulations No. 2-98, as anerdea

Rsp 1o11e Ac: No. 1f963 mtr32sed the tax rate frum. ~.52: , .: eeexive January 1, 2018 -Repablis -ct Mo. 109e3 increased the VAT threchoi: f.. P1,919.509.C0 ta P3.000.000.00 effective January 1. 2013.

Pue 3 ( Cirru CaY3e Foutdaton,nc CTE NO Date issued er. t :

TZNPAIER'SDUTIES&RESPONSIEILIIEES

1; GUEKRCHaRITABLE FOUNDATICN.INC.is reguired to file on or before the 15th that uere has not been anv change in its iy-iars, Articles of Incorporation, manner of Speraticn ard aetivities as well as soure.s ana aisposition of income. Copy of this Kct day of the fourth month following tre erd cf the accounting period a Profit and Loss Siatement and Balanee Sheet with ine --:uel information Return under oath, stating its tross irconie and expenses ineurred atring the preceding period and a certifieate showing Certifi ate or Tax Eemption shall oe attaches to he aforementioned Annual Infornation

2. tnae: Seetion 235 of the Nationc. In.ernal Revenue Code of 1997. as amended, any pro: sion of existing general and speciai iaw wo the contrary notwithstanding, the books of incenrives. and its tax liabilities, if any. aecounts and other pertineni recoras cr tax-exempt organization or grantees of tax ineeatives shall be subject to examinaton ty the BIR for purposes 'of.ascertaining complianee with the conditions under which it has been granted-tax exemptions or tax

9; Further. it is alsc reguired under Section 6C, in relation to Section 237 of the National conerciai invoiees for each sale or transfer ot nerchandise or for services rendered which Menorandum Circalar No. [RMC] Ns. 76-2003). are nct directly related io the activities for which the Association is registered. (Revenue Inter:al Revenue Ccde of 1997. as anf.ended i issue duly registered receipts or sales or

+) Finsiig. i: is subject to the payrnent sr registration fee of PhP 500.00 as prescribed in Seion 23e(B) of the National Interal Pevenue Code of 1997, as amended.