BIR Ruling No. 304-2018

REPUBLICOFT IE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 304-2018

CERTIFICATE OF TAX EXEMPTION

issued to

MISSIONARY SISTERS OF THE HOLY FACE OF JESUS. INC. San Antonio I San Pablo City Laguna 4000 SEC Company Reg. No. TIN:

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

1. Donations, Gifts and Offerings.

nothing foliows.

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.

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 three (3) years from the date of issuance unless

Certificate'shall be deemed a revocation thereof upon the expiration of the three (3)-year prov:ided under Revenue Memorandum Order (RMO) No. 20-2013. Failure to renew this This Certificate may be renewed upon filing of a subsequent application for revalidation period.

documents as represented and submitted. However. if 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 . MAR 0 5 2018

auom

K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY +- 0139 52

Missionary Sisters of the Holy Face of Jesus, inc. Page 2 of 3 Date issued_3-5-2018 CTE No. 304-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION 1) INCOME TAX. MISSIONARY SISTERS OF THE HOLY FACE OF JESUS. INC. is Only . set forth under Revenue Memorandum Order No. 20-2013. herein. the association/corporation/ organization must continue to meet the requirements exempt from the payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption. Moreover. to be entitled to the tax exemptions enumerated

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

returned for taxation. on all its income/receipts/revenues not expressiy exempted and stated in the Certificate of 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 MISSIONARY SISTERS OF THE HOLY FACE OF JESUS.INC. is subject to income tax Tax Exemption. Moreover. it is subject to the corresponding internal revenue taxes imposed

benefits from deposit substitute instruments and from trust funds and similar arrangements. seven'and one-half percent (7-1/2%) final withhoiding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both.of the NIRC. 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 (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

2) VALUE ADDED TAX/PERCENTAGE TAX

receipts from such sales exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00). or to the 3% percentage tax. if gross receipts do not exceed P1.919.500.00. If MISSIONARY SISTERS OF THE HOLY FACE OF JESUS.INC. is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental thereto, its revenues derived therefrom shall be subject to the 12% VAT. in case the gross

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or VAT pursuant to Sections 106 and 107 of the NIRC. proporties or services and importation of goods shall nevertheless be subject to the 12%

3) WITHHOLDING TAX

pursuant to Section 57 of the NIRC, as implemented by Revenue Regulations No. 2-98. as 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 MISSIONARY SISTERS OF THE HOLY FACE OF JESUS, INC. shall be constituted as withhoiding agent for the government if it acts as an employer and its employees receive amended.

Missionary Sisters of the Holy Face of Jesus, Inc. Page 3 of 3 CTE No. 302018 Date issued 35m2018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) MISSIONARY SISTERS OF THE HOLY FACE OF JESUS. 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 Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76-2003).

4) Finally. it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended.