BIR Ruling No. 57-2018

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Certificate of lax Exernption No. o57-acrB CERTIFICATE OF T'AX EXBMFTION issued to OSU MARY OF TTIE INCARI\ATION RETREAT CENTET{. PHII,IPPINES. INC. Capitol Hill, ivlati, 8200 Da.rao Oriental TIN SEC Reg. No. This certifies that the above-named corporation is a non-stock, non-profit corporation and has proven by actual operation that its primary pllrpose falls under Section 30(E) of the National Intemal Revenue Code of 1997, as amended. It is exempt from INCOME TAX only bn the following revenues or receipts: 1 Donations --nothing follorvs---- subject to the provisions of applicable BIR rules and regulations and the tax exernptions. liabilities and responsibilities stated in the Tenns and Conditions hereto attached and made an integral part hereof. It is liable, however, to all other taxes not enurnerated above. This certification shall be valid for three (3) years fi'om the clate of issuance uniess eariier revoked by this Office for violation of any provisions o{applicable rules and regulations of BIR, or the terms and conditions herein set forth. This Certificate may be renewed upon filing of a subsequent application for revalidation provided under Revenue Memorandum Order (RIvIO) No. 20-20ii. Euit*" to renew this Certificate shall be deerned a revocation thereof upoir the expiration of the ttu-ee (3)-year period. This Certificate of Tax Exemption is being issued on the basis of the facts and 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. Issued this day of JAN 2 q 2018 CAESAR R. DULAY Commissioner of lnternal Revenue K-l (I C,l^" l1.l cELtA C. iltqF Deputy Cornmissioner

3 OSU MARY OF THE INCARNATION RETREAT CENTER PHILIPPINES, INC. CTE }.IO. O5?-2O18 Page 2 of Date issued GZ4-_20TB-- TERMS AND CONDITIONS OF THE CERTIF'ICATE OF TAX EXEMPTION TAX EXEMPTION 1) TNCOME TAX. OS YOF CARNA R.E'TREAT ER P,PqHl,ILI.IPPpPnINqEnSs., IIrNyC. is onl recerpts enumerated on the Ccertificate of Tax Eferirption. Moreover, to ue entittea to the tax exemptions enumerated herein, the association/corporutiotr/ otg*i*tio" *urt contimre to meet the reOquuirireertnneennttss set forth under RRee-vveenurre Ml\,4eemi.o^r"aon-.dilurmm d.t,r.dloe*rN\To^. '2r0n-210^1r 3?. 1) TNCOME TAX r"bj;i'; F,, T AT is subject to inC TR[,AT PHILIP velues nof expressly exempted tp3:hlreo?tTpretel1ortfiTl,ewsr,e,thtvri*eecahnCluieonerrcttiopfaimcexaerestseos.ilhranool,pfuo9lTd1saeabxdneyEurexantecculmterivnrprie.tttyiihol efncoo.Nrn-IcMtRaluoxCcarteteiooodvnnef.olrir,rpitii";oiL;fiot *reJgaard*letsitst;i.ol6Jith'#ne.ord'p;irs#"pi"oyoass;iirftriliioig:n lncome eforw and semin subiect to income tax. I'ikewise, interest income from currency bank_ deposits and yield or any other monetary benefits from deposit substitute instruments and fi^c'm trust fiuds and simiiar arrangements, and royalties derived fiom sources within the Philippines are subject to the twenty perceni byith;;; 2dsQe7eOvp{DeYon)sr(li.1tafoi)nnrdyainl obrwneaielrtah{-thihoqaonllldfdfepionergSrtc-heteacen.xte5:_x7gPp(-arA1on)1vdi?bed%odef.d)h,fofohirnfeoatuihg,le'newvNgietIrhqR,hittCohrn.ald"tiyningdteeripneos.otsmiiinsceoytmsaeix"-pduerfrrisiuvuefafdnrct "tso"USj'e""cttiotno 2\ VALUF"ADDED TAX If OSU Y OF' PHILIPPI is engaged in the saG oT or seruices in the course of a busine@ transactions incidental thereto, in general, it shall be liable for VAT on the revenues derivet therefrom. Notr'vithstanding that it is a non-stock, non-profit corporation, its purcirase of goods or import?tlqq o{go.ids shall neverthei"s b" r"Uj"Lt tolne nyo properties or services.and 106 and 107 of fte NIRC. VAT pursuant to Sections 3) WITHHOLDING TAX THE IN TION INC. t";; shall be constituted as wi ing agent for the govermnEnt if iI acts as an 9tt7^h198et,(gaAwns)pit.,ahtgCmhyhoeealeldp4sit.ne"dgrro,X,]coaIerIlIlvi,fep3Tiwt.iotsml.emuaapIkIn_eeotsnftisonthacef_SiooNemnciIenRticopConam,.-y5eam7s esimronunfbtpdijltEehtocnrentieieNntnondtIteRietvhddiCedbu,wvyaailstRsheihomvoreplnrdoluienrJpnRt oie;.sg"firui;riAloatt;tiyornssRubSeNjveeecocnt.tiuo2teno- Regulations No. 2-98, as amended.

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