BIR Ruling No. 483-2018

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. 483-2018

CERTIFICATEOFTAXFXEMPTON

issued to

29 Evergreen Drive, Capitol Green Village.1117 Tandang Sora, Quezon City CFC ANCOP-TEKTON FOUNDATIONINC. SEC Company Reg. No. TIN:

and has proven by actual operation that its primary purpose is one of those enumerated under Section 30 (E) of the National Internal Revenue Code of 1997, as amended. It is exempt from INCOME TAX only on the following revenues or receipts: This certifies that the above-named corporation is a non-stock, non-profit corporation

1. Gifts and donations.

-nothing follow.

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. subject to the provisions of applicable BIR rules and regulations and the tax exemptions.

earlier revoked by this Office for violation of any provisions of applicable rules and reguiations of BIR, or the terms and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

provided under Revenue Memorandum 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 Certificate may be renewed upon filing of a subsequent application for revalidation

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. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of MAR 14.2018

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Commissioner of Internal Revenue CAESAR R. DULAY 014283

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CFC ANCOP-TEKTON FOUNDATION.INC Date issued3-14-2018 CTE No. 483-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

1INCOME TAX.

CFC ANCOP-TEKTON FOUNDATION, INC. is exempt from the payment of income that no part of its net incomc or asset shall belong to. or inure to the benefit of any member, organizer, officer or any specific person. tax only on revenues and receipts enumerated on the Certificate of Tax Exemption provided

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

CFC ANCOP-TEKTON FOUNDATION,INC. is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal 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.

fifteen percent (15%) final withholding income tax pursuant to Section 27(D(1) in relation to Sec.'57(A) both of the NIRC. benefits from deposit substitute instruments and from trust funds and similar arrangements, and royalties derived from sources within the Philippines are subject to the twenty percent Likewise, interest income from currency bank deposits and yield or any other monetary (20%) final withholding tax: Provided, however, that interest income derived by it from a depository bank under the expanded foreign currency deposit system shall be subject to

2) VALUE ADDED TAX/PERCENTAGE TAX

revenue derived therefrom shall be subject to the 12% VAT, in case the gross receipts from such sales exceed Three Million Pesos (P3,000,000.00)2, or to the 3% percentage tax, if If CFC ANCOP-TEKTON FOUNDATION, INC. is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental thereto, its gross receipts do not exceed P3.000,000.00.

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or properties or services and importation of goods shall nevertheless be subject to the 12% value added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997. as amended.

Republic ActNo.10963 increased the IAT threshold from P1,919.500.00 to P3.000.000.00 effective Jmtary 1,2018 Republic Ac No.10963 increased the tax rate from 7.5%to 15%effective January 1.2018.

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CFC ANCOP-TEKTON FOUNDATION, INC Date issued3-142048 CTE No.83-2018

3) WITHHOLDING TAX

CFC ANCOP-TEKTON FOUNDATION,INC. shall be constituted as withholding

agent for the government if it acts as an employer and its employees receive compensation income subject to the withholding tax under Section 79 (A), Chapter XIII, Title II of the

Regulations No. 2-98, as amended, or if it makes income payments to individuals or Revenue Code of 1997, as amended, as implemented by Revenue Regulations No. 2-98, as National Internal Revenue Code of 1997. as amended, as implemented by Revenue corporations subject to the withholding tax pursuant to Section 57 of the National Internal

amended.

TAXPAYER'S DUTIES& RESPONSIBILITIES

1) CFC ANCOP-TEKTON FOUNDATION, INC. is required to file on or before the 15th that there has not been any change in its By-laws, Articles of Incorporation, manner of day of the fourth month following the end of the accounting period a Profit and Loss Statement and Balance Sheet with the Annual Information Return under oath, stating its gross income and expenses incurred during the preceding period and a certificate showing operation and activities as well as sources and disposition of income. Copy of this Return. Certificate of Tax Exemption shall be attached to the aforementioned Annual Information

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any incentives, and its tax liabilities, if any. incentives shall be subject to examination by the BIR for purposes of ascertaining compliance with the conditions under which it has been granted tax exemptions or tax provision of existing general and special law to the contrary notwithstanding, the books of accounts and other pertinent records of tax-exempt organization or grantees of tax

3) Further, it is also required under Section 6(C) in relation to Section 237 of the National are not directly related to the activities for which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76-2003). 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

4)Finally,it is subject to the payment of registration fee of PhP500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended.

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