BIR Ruling No. 524-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

224-25

CERTIFICATE OF TAX EXEMPTION

issued to

ORDER OF ST. FRANCIS-ASSISTANCE COMMUNITY CENTER INC

Bonzel Health & Nutrition Centcr, A. Bonifacio St.. Bayhay, Icyte 6521

SEC Company Reg. No. TIN:

and has proven by actual operation that its primary purpose falls under Scction 30 (E) of the This certifies that the above-named corporation is a non-stock, non-profit corporation

on the following revenues or reccipts: National Internal Revenue Code of 1997. as amended. It is cxcmpt from INCOME TAX only

I. Donations.

nothing follows

subject to the provisions of applicable BIR rules and regulations and the tax exemptions. integral part hereof. It is liable, however. to all other taxes not enumerated above. liabilities and responsibilities stated in the T'erms and Conditions hereto attached and made an

This certification shall be valid for three (3) years from the date of issuance unless

of BIR, or the terms and conditions herein set forth. earlier revoked by this Office for violation of any provisions of applicable rules and regulations

period. provided under Revenue Menmorandum Order (RMO) No. 20-2013. Failurc to renew this Certificate shall be deemed a revocation thereof upon the cxpiration of the three (3)-year This Certificate may be renewed upon filing of a subsequent application for revalidation

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

that the facts are different. then this Certificate shall be considered null and void. documents as represented and submitted. However. if upon investigation. the BIR ascertains

Issued this. day ofI NOV t7 2017

1&u amy

Commissioner of internal Revenue CAESAR R. DULAY

~K-1-SPF K1-FR-16-2350 :011234

Order of St. Francis-Assistance Community Center Inc. Page 2 of 3 CTE NO. Date issued : 4-20 -17-027

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX.EXEMPTION

1) INCOME TAX. ORDER OF ST.FRANCIS-ASSISTANCE COMMUNITY CENTER INC

is only exempt from the payment of income tax on revenues and receipts enumerated on the Certificate of T'ax Exemption. Moreover, to be entitled to the tax exemptions cnumerated herein, the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013.

LIABILITY FOR INTERNAL REVENUE TAXES

1)INCOME TAX

ORDER OF ST...FRANCIS-ASSISTANCE COMMUNITY CENTER INC. is subject to income tax on all its income/receipts/revenues not expressly cxempted and stated in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed under the NIRC 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 income from currency bank deposits and yield or any other monetary 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 (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 seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the NIRC.

2) VALUE ADDED TAX

If ORDER OF ST. FRANCIS-ASSISTANCE COMMUNITY CENTER INC. is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental thereto, in general. it shall be liable for VAT on the revenues derived 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 be subject to the 12% V AT pursuant to Sections 106 and 107 of the NIRC.

3) WITHHOLDING TAX

ORDER.OF ST. FRANCIS-ASSISTANCE COMMUNITY CENTER INC. shalI bc constituted as withholding agent for the government if it acts as an cmployer and its employees receive compensation income subject to the withholding tax under Section 79 (A). Chapter XIII. Title II of the NIRC, as implemented by Revenue Regulations No. 2-98 as amended, or if it makes income payments to individuals or corporations subject to the withholding tax pursuant to Section 57 of the NIRC, as implemented by Revenuc Regulations No. 2-98, as amended.

Order of St. Francis-Assistance Community Center Inc. CTE No. 52-01 Page 3 of 3 Date issued_11-17-2017

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) ORDER OF ST.FRANCIS-ASSISTANCE COMMUNITY CENTER INC. is required to file on or before the 15th day of the fourth month following the end of the accounting period a Incorporation. manner of operation and activities as well as sources and disposition of income. Copy of this Certificatc of Tax Exemption shall be attached to the aforementioned Annual Information Return. Profit and Loss Statement and Balance Sheet with the Annual Information Return under oath. stating its gross incomc and cxpenscs incurred during the prcceding period and a certificate showing that there has not been any change in its By-laws. Articlcs ot

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

3) Furthcr, it is also required under Section 6(C) in relation to Section 237 of thc NIRC to issue duly registered receipts or sales or commercial invoices for each sale or transfer of merchandise or for services rendered which are not directly related to the activities for which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- 2003

4) Finally. it is subject to the payment of registration fec of PhP 500.00 as prescribed in Section 236(B) of the NIRC.