BIR Ruling No. 646-2019

EELCF TPEPHEHPINES

EEPRTVETOF FINANCE DUREAU C F INTERINAL REVENUE

Cyaezor City

Certinicare cf Ta. Exemption Ko

CERTIFICATE OF TAX EXEMPTION

issued to

DATA CENTER CSLLEGE OF THE PHILIPPINES

OF VIGAN CITY ILOCOS SUR, INC.

Tamag. Vigan City. Ilocos Sur 2700

SEc Conuiy Reg. No. TT

This certifies that the abovenied corporation is a non-stock. non-profit corporation

....Hes prt-- en by aetual operation na. nts Lrimary purpose is one of those enumerated under "--in S6 h, of the National interral Revente Code of 1997, as amended. it is exempt tron Hr - tE -: AX only on the feilowig Pewaues or receipts:

Taidcn fees anu Otner bcirsol feesy srd

t Ineome derived fromn the cperatien ot cafeterias/canteens, dormitories and bookstores

iocated within its premises, owaed and operated by DATA CENTER COLLEGE OF THE PH LIPPINES OF YGAN CITY.ILOCOS SUR.INC, to be actually. direct+ ard exelusiveiy used fer eateational purpeses.

fething foliews

suriect :s tre pr-v:sicns of appiieabie BIR ru.ies and regulations and the tax exempuor:s.

tiati ies r d restoi sibilities stared in the Terms and Conditions hereio attached and made an

H..egrul pa: terecf. it is liabie. howev-i, te all other taxes not enumerated above.

"This cerilicaion shall be valia tren. the date of isstance until revoked by this Office

f.. -.watic. ot any rovisions of appianble raies and regulations of the BIR, or the terns ard

cdatiors nerein set forth. lt snall nixewise pe revoked if there are material changes in the

a...-.. pupese c: methed of operati on of th.e corporation which are ineonsistent with the

Dasis tr it ireone tax exempuon

Ini: teniricate or Tax Exaipuien is being issued on the basis sf the faets and

tnt. is representeu and submitted. Heowever, if upon investigation, the BIR aseertains

that the iaets are different. then this C--uifienre shall be considered null and void.

iss.ea tris dav

CAESAR R. DULAY Comissioner of Internal Revenue

0258 2g

Dnn cener tJliege sf the Phippine CTE N

Pagc 2 ci s A gu Ci:.Aocos Swr, fhc Date issu C

TERMS ANL ECNDITIONS CF THE CERTIFICATE OF TX EXEMPTION Fos No-Stock M-PuH Educarioaal Insttution sndessecsicn 30 sf che Natiendi intusiRetee Cods of 1997as Omended

HENEMPTCN

L INCOME TAX.LATACENTEN COLLECE CFTHEPHILIPPNES OF VIGANCITY

iOCOs SUR. iNc. is exempt from the eay ment of incone tax only on revenues and receipts enunereted on the Certificate of Tax Exeaigtion. It is understood that the se chool must continue

K nieet are follovi.g requisites as set fent under Revenue Memorandum Order (RMO) No +4-

20sw A

I is a kon-5tock, non-prefit eieationi instituuef: and 1. ls revenues are astually. dire rly and exelusivety used fer educational purposes

SICENTER COLLECE CE THE PHLIPPNES OF VIGAN CITY.ILOCOS SUR Isc.s ir.erest inco.ne from currency bank deposits and yield from deposit substitute instruments used actuaily, airectty and exclusively i pursuarce of its purpose as an educational institution, are cempt fron the 20% firai tax and i5%' tax on interest income under the expanded foreiga curreney deposit system imposed ander Sec:ion 27 (D; (l) of the National Intermai Revenue Code

- 1957. as ainended, subject to complianrce with the conditions that as a tax-exempt educationail :nstituiion it shall on an annual basis sutntit to tne Revenue District Office concerned an annual infer:nation return ana duly audited finaneial sratenent together with the folilowing:

-.Y certirication ircm their aepositor,.banks as to the amount of interest income scr:ied from passive investment nci. subject to the 20% final withholding tax ata 156 s tax on interest incone under the expanded foreign currency deposit sy sten imposed by Section " (D) ( of tne National Internal Revenue Code of .997. as amended:

e Cerrinication ef actaal ntizniot. Cf the seic ineome: and

Is.3oard kesolution by the sehool administration on proposed projects (i.e. ec:structien aad or improvereut o: schcol bulldings and facilities, acquisition ci' equipment, books and the ii-) to be rarded out of the money deposited in Wks or piuced in money mirke's. or or before the 15th day of the fourth month

ictowirg the end of its taxatie year (See. +. Finance Depariment Order No. .3 - -S7.

2, ALLE ADDED TAX (VAT) ON EDUCATIONAL SERVICES. Pursuant to Section

ios(iH: of the National interna. Reven.: Code of 1997. as amended, DATA_CENTER

CGLLEGE OF THE PHILIPPINES OF VIGAN CITY.ILOCOS SUR.INC's grOSS receipts

fro.n ope:ations as a non-etock, non-p.ofit educationai institution is exempt from VAT. Moreover

r- erues ierived froin assets used in: the operation of cafeterias/canteens, dormitories and bockstores tocated within the premises or DFACEXTER COLLEGE OF THE PHILIPPINES UfG.CITY. fLOCO$ SUR.EC, are exempt from taxation provided they are Owned and

tperated ry .t as ancillary activities.

HFEILTYERINTERNALREVE-EIXES

h INCON TAX

Tas teuer Solleee of the PrilipJines CTE No. 35-

Yagt3 oi3 S' y gn Lit, locos Sur, ine. Date issaed tcT : 7 2e.

DAI CENTER COLLEGE OE THEPHLIPPINES OF VIGAN CITY IOCOS SUR INC. is sabject to income rax on ail irs ircone/receipis/revenues not expressly exempted and stateu in tae Certificare of Tax ExernptioL. Mereo er, it is subject to the corresponding internal reverue taxes imposed under National ine:ui Revenue Code of 1997, as amended, as amended. or: us income derived trom any of is Droperies, real or personal, or any activity condueted for pre rh.. wher. inecme shouid be returned fer taxation, uniess said revenues are aetualiy, direetiy and e: clusiveiy used for educational purpeses.

Z "ALUE ADDED TAXPERCENTAGE TAX

I DTA CENTER COLLEGE DFTE PHLPPINESOF VIGAN CITY.ILOCOS SUR Mc. is engaged in the sale of goods or ser iees in the course of a business pursuit, including transteticns ineidental thereto, its rever.ues derived therefrom shall be subjeet to the 12% VAT, in tase tre gross receipis from such sales etueed Three Miilion Pesos (P3.000.000.00)3- or to the 3% Fereentage tax. if gross receipis do no: e12eed P3,300.000.00.

Motv irstanding that it is a non-stock. ntn-prprit cerpe.ation, its purchase of goods or properties vr serviees and imporiation cf goods shall revertheless be subject to the l2% VAT pursuant to Sectiens i08 and 107 of the National inrernal Revenue Code of 1997, as ainended.

S; W ITHHOLDING TAX

DICENTER CCLLEGE CFTRE PFILPINES OFVIGANCITY.ILOCOS SUR AC. shall be constituted as withhoiding age.ut for the government if it acts as an employer and its ermpisyees receive compensation incone st.cject to the withholding tax under Section 79 (A). Chapter Xi. Iitie Yi of the National Internal Revenue Code of 1997, as amended, as implemented by R-venue Reguiations No. 2-98. as ainer.ced. cr if it makes income payments to individuals or Corpcrauions subjeet to the withhoiding ta., pu.rtuant to Section 57 of the National Internal Revenue Coue ct' I997, as anrended, and as implemenied by Revenue Regulations No. 2-98, as amended.

LAALAER SUTIES SRESPONSIBTLITIES

HATA CENTER COLLEGE OF THEPEILIPPINES OF VIGAN CITY, ILOCOS SUR. Ike. is requred to file on cr before the I St day of the fourth month following the end of the aceouting period a Profit ard Loss Stater.- H and Balance Sheet with the Annual Information Rettrn unier Sath, stating its gross ineone ant expenses incurred during the preceding period and a certiricate showing that there has no: beer. at : change in its By-laws, Articles of Incorporation. Irar.ner of speration and activities as well as sources and disposition of income. Copy of this Certirieate of Tax Exeraption shall be attachec o the aforementioned Annual Information Returm.

: U.der Secrien 235 of the National Internal Re. enue Code of 1997, as amended, any provision of

e:ist.- geheral ard special law to the cortra- notwithstanding, the books of accounts and other perinert records of tax-exempi erganizatic.. of grantees of tax incentives shail be subject to e.tantinaticn by the BiR for purposes of asce:taintng eompliance with the conditions under which it has beer granted tax exemptions or tex incettives, and its tax liabilities, if any.

3) Futher, it is also required under Sectior 6(C; in relation to Section 237 of the National Internal

Reverue Code of 1997, as amended, to issi- auly registered receipts or sales or commercial in +ciees fcr each saie or transfer of merehat..ise or for services rendered which are not directly reiarei to the activities for which the 4s.oc M:.or. is registered. (Revenue Memorandum Circular NJ. [RiMC j No. 76-2003).

-)Fir.aily. it is supject to the payment of -eist.aen fee of P500.00 as prescribed in Section 236 (B)

Cf ihe Natienal Interral Revenue Code of iss7. as aniended. i

(