BIR Ruling No. 50-2018

REPUBLICOF THEPHILIPPINES

BUREAUQEINTERNAL REVENUE DEPARTMENTOF FINANCE Quezon City

Certificate of Tax Exemption No.

050-2018

CERTIFICATEOFTAXEVEMPTION

issued to

CALASANZGULTURALCENTERFOUNDATION,INC 1401 Andres Abellana Extn. Guadalupe, Cebu City 6000 SEC Company Reg. No. TIN:

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

1.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 Terms and Conditions hereto attached and made an

earlier revoked by this Office for violation of any provisions of applicable rules and regulations of BIR, or the terms and conditions herein set forth. This certification shall be valid for three3 years from the date of issuance unless

provided under Revenue Memorandum Order (RMONo.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.Howeverif 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 JAN 242018

CAESARR.DULAY

Resource Management Groun Deputy Commissioner CELIA C.KING CeecaC.le Commissioner of Internal Revenue

Calasanz Cultural Center Foundation In Page 2 of 3. CTE No.050-2018 Date issued 1-24-2018

OFTHE CERTIFICATE-OF TAX EXEMPTION TERMSAND CONDITIONS

TAX EXEMPTION

1INCOMETAX.CALASANZ.CULTURAL.CENTER FOUNDATION,INC.is.only.eXempt association/corporation/ organization must continue to -meet the requirements set forth Tax Exemption.Moreoverto beentitledto the tax exemptions enumerated herein the from the payment of income tax on revenues and receipts enumerated on the Certificate of under Revenue Memorandum Order No.20-2013.

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

activity conducted for profit regardless of the disposition thereof,which income should be returned'for taxation. 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 CALASANZ CULTURAL CENTER FOUNDATION,INC.is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the Certificate of Tax

seven and one-half percent7-1/2% final withholding income tax pursuant to Section 27D1in relation to Sec.57Aboth of the NIRC. benefits from deposit substitute instruments and from trust funds and similar arrangements, Likewise interest income from currency bank deposits and yield or any other monetary and royalties derived from sources within the Philippines are subject to the twenty percent depository bank under the expanded foreign currency deposit system shall be subject to 20%final withholding taxProvided,however,that interest income derived by it from a

2)VALUEADDEDTAX

If CALASANZ CULTURAL CENTER FOUNDATION 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 corporationits purchase of goods or VAT pursuant to Sections 106 and 107 of the NIRC. properties orservices and importation of goods shall nevertheless be-subject to the 12%

3) WITHHOLDINGTAX

withholding agent for the government if it acts as an employer and its employees receive compensation income subject tothe withholdingtaxunder-Section 79-A),Chapter XIII it makes income payments to individuals or corporations subject to the withholding tax pursuant toSection57 of theNIRCas implemented by Revenue Regulations No...2-98, as CALASANZ CULTURALCENTERFOUNDATIONINC.shallbeconstitutedas amended. Title II of the NIRC.as implemented by Revenue Regulations No.2-98as amendedor if