BIR Ruling No. 281-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OFQNTERCAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No.

281--2017

CERTIFICATE OF TAX EXEMPTION

issued to

INTEGRATIVE MEDICINE FOR ALTERNATIVE HEALTHCARE

82-A Malakas St.. Pinvahan, Diliman, Quezon City SYSTEMS (INAM) PHILIPPINES. INC

TIN SEC Reg. No.

This certifies that the above-named entity is a non-stock, non-profit corporation 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:

1. Grants and donations.

nothing follows

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

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 three (3) years from the date of issuance unless earlier

This Certificate may be renewed upon filing of a subsequent application for revalidation 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 of Tax Exemption is being issued on the basis of the facts and documents

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

Issued this day ofJUN 0 8 2017

Muan

Commissioner of Internal Revenue CAESAR R.DULAY 006981

2812017 Integrative Medicine for Alternative Healthcare Systems Philippines. Inc. CTE No. Date Issued:6-3-2017 Page 2 of 3

TERMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

TAX EXEMPTIONS

D) INCOME TAX

INTEGRATIVE MEDICINE FOR ALTERNATIVE HEALTHCARE SYSTEMS

(INAM) PHILIPPINES, INC. is exempt from the payment of income tax only on revenues

and receipts enumerated on the Certificate of Tax Exemption provided, that no part of its net

income or asset shall belong to, or inure to the benefit of any member, organizer, officer or

any specific person.

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

INTEGRATIVE MEDICINE FOR ALTERNATIVE HEALTHCARE SYSTEMS

(INAM) PHILIPPINES, 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.

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 National Internal Revenue Code of 1997, as

amended.

2) VALUE-ADDED TAX

If INTEGRATIVE MEDICINE FOR ALTERNATIVE HEALTHCARE SYSTEMS

(INAM) PHILIPPINES, 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

value-added tax 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%

value-added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997. as amended.

Integrative Medicine for Alternative Healthcare Systems Philippines, Inc. CTE No. Page 3 of 3 Date Issued: 6m8201? 28201

3) WITHHOLDING TAX

INTEGRATIVE MEDICINE FORALTERNATIVEHEALTHCARE SYSTEMS

INAMPHILIPPINES,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 National Internal Revenue Code of 1997, as amended, 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 National Internal Revenue Code of 1997, as amended, as implemented by Revenue Regulations No. 2-98, as amended.

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) INTEGRATIVE MEDICINE FOR ALTERNATIVE HEALTHCARE SYSTEMS

(INAM) PHILIPPINES,INC. is required to file on or before the 15th 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 that there has not been any change in its By-laws. Articles of Incorporation, manner of operation and activities as well as sources and disposition of income. Copy of this Certificate of Tax Exemption shall be attached to the aforementioned Annual Information Return.

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any

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 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 incentives, and its tax liabilities, if any.

3) Further, it is also required under Section 6(C) in relation to Section 237 of the National

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 are not directly related to the activities for which the corporation is registered. (Revenue Memorandum Circular No. [RMC] No. 76-2003).

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