BIR Ruling No. 95-2018

REPUBL]C OF THE PHILIPPINES " DEPARTMENT' OF.fINANC! BURE,AU OF INTERNAL REVEF{UE Certificate of Tax EremPtion No. t-\.^j7- -.".^t-'.I.C4 , FACEND E Sp E RAri c A (FH{},{PjP',{N E S) F OUF{DAT Bangad Miiagros, Masbate TIN SEC ComPanY Reg' No. , Tiris ceilifies that the above-named corporation is a non-stock- non-profit corporation and has proven by actual opelation ihat its primary purpose falls under Section 30(G) of the lrlational Intemal Reverrue iode of 1997. as amenciec. It is exempt from INCOME TAX only on tire lbllowing revenues or receipts: i. Donations and gt'ants ----------nGthirug {bllows---- subject to ihe provisions oi applicable BiR rules and reguiations and the tax exemptions, tiaUitities and responsibiiities statea in the Telms and Conditions hereto attacired and made an integral pan herebf. It is liable" however. to ail orher tales not enumerated above' This certification shal1 be valid fbr tluee (3) years from the date of issuance urdess eariier revoked b,v this Office for violation of any'provisions of appiicable rules and regulations of BIR-, or tire terms and cond'itions heiein set fonh' pro.rlo.TahuisnCJe.,rtRific".art"enumeayMbeemroenraenrvdeudmupoorncliei,r,n(gRolviaio)suNosoe.q2u0en-2t 0a1p3p.licFaatiilounrefotrorerevanleidwattihoins bertifisate shall be deemed a revooarion riierecl'upon the expiration of the three (3)-year period. This Cenificaie of Tax Exemption is bcing issued on the basis of the facts and documelts as represented and sr-rburitted. However. if upon investigation. the BIR ascertains that the facts are difi-erent. then this Cenificate shall be considered nuli and void' issued this oi day JAru 3 1 eel&_ CAESAR R. DUL,A.Y Commissioner of Internai Revenue K-1 #A,e$'lij eE[sA c" ffitffi$ SEputy eommissionen Resource Management Grour

F.{CEN Dn [r,+ ESPER.{]\ CA (PHll,lPl'lN ES ) FOi I N D.:rTt{rN^ IN{-. CTE No. i'';:,*7-i-i , - Page of -3 Date issued'i*i i'za :"L' TERMS ANil COI\I}{T{ONS OF TTIE CER.TIFICATE OF TAX EXEMPTXON T{X EXEMPT'ION : 1) TNCOME TAX. FACEND4 DA ESPE${AI{CA (Ptr{ILIPPINES) FOUIVBATIONT , INC. is on11 exempt frorn tlre pqtmenfiflncorne tax on re\/el]ues and receipts enumerated c,n ttre Cer-tificate- of Tax Eremption. Ntoreorrer'. to be entitied to the tax exeuiptions entunerated herein, the association/corporation/ orgtnnization must continue to meet the requiremetrts set tbnh under Revenue Mr:morandr,im Order No. 20-2013. LIAEILIT}' FOR INTEBry/.L REVENLTF TAXES 1) TNCOME TAX FACENDA DA ESPERAhiC.A {Ptr{{L[P['I]{esi FOUNI}AT{ON, INC,, is sr,rbject.to incc,me ta>r on'all its tnooneireceipts/revenLles nr:t expressly exempted and stated in the Clertificate of Tax Exemption. h.4oreover'. ii,1s subjecl" to the corresponding inrernal revenue ta:<es imposed under the NIR-C on its inccrle derived from an1' of its properties. real or personal, or an)' actiriity conciucled Ibr profit regaldle ss o1- the disposition thereot-, which iilcome should be retumecl for taxatic,n. Likewise. interesi incom,= lror cLirLenc. baii].: Ceposits and yieici or anlr other monetarl' benefits"from deposit substrture instruments and fi'om tlust fttnds and sirnilar atrangements, ancl royalties defil,ed from sources i.r'itliin the Phiiippines are subjbct to the twentl'percent QAara) I-rnal withholding ta>l: Provided. however. that interest income derived by it fi'om a depositor,r, bank under llre cxpancl-i:C fcr,rign currenc\ deposit s)'stem shall be subject to seven and one-half per"cent (7-i''iotal finai withhoiding incotne tax pulsuant to Sectiou 27(D)(.1) in relation to Ssi^ j7(1.) boih o1-th,: l.ilIiC. 2) VALUE AIIDED TAX if FACETIIA DA ESt'E-IiAl\[]A (I'F{In-iPI}iNiiS)FOIJIIDATIAN,INC is engaged in thtsAle@o?s oilennccaln ihe couise of a business pursuit. including transactions incidental thereto. in generai. ir sirall be iiable for VAT on the reverues derived theref}om. Notwithstanding Lhat it is a nori-srock. non-profit corporation. its purcirase of goods or properties or seivices arr.d importzLtion o1'goods sha1l nevertheless be subject to the 12?'o VAT pursuant to Sections lU5 anc I 07 o{'i,ie NIR{.--. 3) WITI{tr{OLDIN{; TAX FACENDA DA ESPEITANCA (Pt{l{ 'IPPINfl$} F'OLII.IDATIOI\. trNC' shaii be it aCts as an emPlo.v-er and iq (eAmjp. loCyheaepsterreXceiIivi.e'fcitolemnil.irosi-atlr.ri,e-)Nl rIRnc-tol.rraes, subiect io tire r,r,'ithholding tax under Section 79 b1' Revenue Regulations No. 2-98. inttrienientecl as amended- or if it makes income pa1'm'ent"J to indjvidr-rals or corporations subject to the r.l-ithholding tax pursuant t. Srction 57 of the NIRC. as in.rplemented bv Reventte Reculations I\o. l-98- as arlr.elt.iilC. tl edj-'

,_lS_8n_BANe4 (PH I i- I PPI NES ) FO L.r Fl DATi O N. INC. CTE No. ogF4lg Dare issued t_3j_gl!_ . _,,.''-5 D!TTIES & RESPONSIB{I-{T{EI :.,',,,,l*e-lore the t da1' of the fourth month following the end of the is required to accounting period 15th ,'. :;.ird Loss Statemeni and Balance Sireet rvith the Annual Information Retuft'under ::.:i;,,r::ir;1.1sgh. oitswignrgostshiantcothneereanhdasern^poetnsbeeseinncaunrr1e'cdirdaunrigneg-itnheitpi reBcye-dlainrginp, eArirctlicclleasndoaf ',-:-.11is11. manner of'cpeiariolailq activiries as well .,. -..op)'of this Certificate of Tax Exernption as sources and disposition of r, ,::fbnnation Return shail be attached to the aforementioned : ,::tion 135 of the riiRC. an\, nrcr,isi,rn of existing general and speciai ia'l'to the -:' :lotwithstanding. the booils oftaccounts and other'"pErtinent records of tax-exempt ,:.:.i.;on or grantees oitz:x inberrtives ihal1 be subject to eramination by the BIR for .". i'lascertaining the conditioirs under r.l'hich it has'been gralted r;ompiiance v,'ith ..:i::rions or tax incenrives" anci its tax liabilities, if any. ,r is also required u.nrier Section 6(Cl in reiation to Sect,ion 237 of the NIRC to re$isteled receipts or sales or conrnerciai invoices lbr each sale or transfer :' of , ,;i :.,r;se or for services rendered vzhich r: Association is regisrered. (Revenue are not directil, reiated to the activities foi A4emorandurn Circular No. [RMC] No. 76- t" -.."rrt-ri(sB*stuobfj,elh.cet to,-iire pal,ntent of registiarion fee of PliP llfiililt;r*lr prescribecl in NiRC 5'00.00'Hb :