BIR Ruling No. 59-2018

REPUBLIC OF THE PIIILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAT REVENUE Quezon Cify Certificate of Tax Exemption No. o59r*20iB CER.TTF'ICATE OF TAX EXEMPTIOI{ issued to Unit 303, X uezon City sEC c",#Hry Reg. No. This cefiifies that the above-named entity is a non-stock, non-profit corporation and has Pl^oyJl by.actual.operation that its primary purpose is one of those enumerated under Section T10A(X9)oonflythoenNthaetiofnoallol wInitnegrnarelvReneuveensuoer C<ja^e of 1997,asamended. It is exempi from INCOME receipts: 1. Contributions" .-nothing follows l:i.a"9bj.i9li9ti1e.tsoanthderepsropvoinssioibnisli.tieosf applicabl.. gLR rules and regulations and the tax exemptiols. siated in the Terms and Cond'itions hereto attached integral part hereof. It is liable, however, to all other taxr,', ;rot enumerated above. and rnade a' o:?t B*:lIR.c, Trohgr iftshe.c{eteUrrlivmfitcshaiastnioOdnfcfisochneadflioltirobnevsiovhlaaeltiridoeinnfoosrfettahnfroeyretphr(.o3v)iiyioenasrs from the date of issuance unless ana regulations of applicabtl mii 'ThisCertificatemaybereneweduponfilingofasubsequentapplicationforrevalidation EC'eorvtiif{icsadteunsphealll Revenue Memorandum^order 6tMO) No.20-2013. Failure to renew rhis be deemed a revocation thereof upoit period. th* expirarion "f iii; tnr"" ilj v.* This Certificate of Tax Fxemption is being issued on the basis of the facts and upoo investigation,lfr. grn docunlents as represented and submitted. However,If ascertains that the facts are different, then this Certificate shall be cbnsidered nirll and void. Issuedthis_a"r"r JAN t q ?018 . CAESAR R. DUI,,AY Commissionel of Intemal Revenue aj,^O/,"/ e EUA C. Ktl,tb Denutv Commic,cinnor

World Youth Alliance Asia Pacific Inc. CTE No. Ct:'^:; -'_. Page 2 of3 Date Issued: o F rH E J"k,ffi'tI?""3$'3H gffi Mprr or\ t,qx axnlvlprroNs 1)' INCOME TAX. . .woRLD YOUTI{ ALLIANCE ASIA PACIFIC INC. is exempt from the payment of income tax only on revenues and receipts enumerated on the Certificate of Tax Exernption provided' that no part of its net income or asset shall belong to, or inure to the benefit of any member, organizer. olficer or any specific person LIABILITY FOR INTERNAL REVENUE TAXES 1) TNCOME TAX WORLD.YOU'IH ALLIANCE ASIA PACIFIC INC. is subject to income tax on all its income/receipts/revenues not expressly exempted *d rtut.d in the Certificate of Tax Exernption. Moreover, it is subject to the corresponding interrral 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. Likewise, interest iucome from currency bank deposits and yield or any other monetary benefits frorn deposit substitute instruments and frorn trust funds and similar arrangeuients, and royalties derived from sources within the Philippines are subject to the twenty percent (20%) final r.vitliholding tax: Provided, however, thar interest income clerived by it frorn a depository bank under the expanded foreign cul'rency deposit system shall be sub.iect to seven and one-half percent (7-112%) final withholding income rax pursuant ro Section 27(D)(I) in relation to Sec. 57(A) both of the Natioiii-l hternal Reu.nu. Code of 1991, as amended. 2) VALUE-ADDED TAX If WORLQ Y9UTII ALLIANCE ASIA PACIFIC INC. is engaged in the sale of goocls or services in the course of a business pursuit, including transactions incidental ther.eto, in general, it shall be liable for value-added tax on the revenues derived therefrom. Notwithstanding that it is a non-stock, non-profit corporation, irs purchase of goods or ploperties or services and importation of goods shall nevertheless be subject tolhe n% value-added tax pursuaut to , Sections 106 and iOZ of the National Internal Revenue Code of 1997 , as amended. tj o#-l

World Youth Alliarice Asia paciflc Inc. CDTEuNt"olr.ru05f9f*iffi18 3) WrTHI{OLDTNG TAX rvithholdingagentforthegou"'nm@randiNtsCe.m- sphlaollybeeescornesctietuitvedeas 'section ig fii, T-:,1.. IT ^r-r ' inarsrplvlter fX\rrrrr' I, rr ,' Tl,]:ll:ilT Revenue Regui)a.t1iornis""Ni1o'I{2"-:9"81, Revenue code of tee7, as amended, as implem'-^^e-^n"-r*ed b"Jy makes income payments to individuals or corporations subject to the as amended, or if it Internal Revenue Code of 1997, withholcling tax pursuant to Section 57 ofthe National 2-98, as amended. as amen<Jed, as implemented by Revenue Regulations No. TAXPAYER'S DUTIES & RESPONSIBILITIEJ 1)C1tgS1hrp5etaoa"trsthftle3istfmhd1icianeieaoycrntenoetothanfaoanentfhsddTaennaBafodxocatutleEaibrvxnxtepihetceeieemnnmsspSaoethnansioeytshnienctwcfhsowuehalrlnailrotlegllwliadebtisnhedingeusaortAiiittunalsr*rgcuchere.tueyhrsda-dellaatpIonw"nrfedfstohct,hedermcA.isaliraanpftbcigt.mcircoieisopeinmtuersioenerRqintonoieuntdftiigoourIeannrfpndneciedodnutrorcainpoAodfodcinmlereenaarreuttooiip.oafnairCcnltoaho,Iof'r,tifepmtobsyaraetsmannfhootdnioarnfeerLtgiirtioohnthisointgsssef Retuln. 2) ciipaUnnocrccnomceedvonpnieustltiriinviaovetSnnsesces,eaocasfntiwnhodednxaitoihilstl2tsthbi3tnhte5eagerxosgpclufeieoabntrnbhejtediiernlciaittetiilNeonatasnoin,tsdiroeieufsncxnpaaoadenlrmecydIi.rsnainwltaeolhatrfiniwocatnahtloxbRi-iteyehhxvetaeehscmneoubpneeBttreaIConRrroyggdafrneoanornio,tztwepafidutthi1rotsp9anto9axsonJee,drsxianegosgmraaf,mpntahtteiesoencendebsserotodoao,kifrnsaittnaanogxxyf 3) MacIFnroueetmetr'tnrnhmnooeaertrla,rdcnRiiitdraeeuilvscmientlnavyCuloseriiorceceClrauesotlqaedfurodeirrNtoeoeodaft.ch1uh[e9Rns9daMa7ecle,Crtiavo]SsirtNeiatecromast.inoe7fsnnof6edr_6re2w(doC0h,f0)'it3m.coi)nh.eisrrtcshehueiaaentcidodouinrspleyotororaerStgfiooiesnrctetsiiroesenrdvreic2rgee3issc1teerioeprenfttsddhe.eor(erRNdseaavwtleieohnsniucoaehrl 4) li11!v, it is subject to the payment of registration fee of php500.00 as pr.escribed in Section 236(B) of the National Internal Revenue corle of 199J , as amended.