BIR Ruling No. 435-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCH

Quczon City

Certificate of Tax Exemption No.

CERTIFICATE OF TAX EXEMPTION

issued to

MARY OUR HELP TECHNICAL INSTITUTE

FOR WOMEN(CEBU), INC. SEC Company Reg. No. KM 17. Tunghaan. Minglanilla. Cehu TIN

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

I 2 Tuition fees and other school related fecs; Cafeterias/canteens and bookstores sales located within the premises. (Cebu), Inc. Donation; and owned, and operated by Mary Our Help Technical Institute for Women

nothing follows.

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

basis for its income tax exemption. character. purpose or method of opcration of thc corporation which are inconsistent with the for violation of any provisions of applicablc rules and regulations of the BIR, or the terms and conditions herein set forth. It shall likewise be revokcd if there are material changes in the This certification shall bc valid from the date of issuance until revoked by this Office

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However. if upon investigation. the BIR ascertains This Ccrtificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of C

Commissioner of Internal Kevenue CAESAR R. DULAY

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CELIA C. KiNG Ca C

Deputy Commissioner

MARY OUR HELP TECHNICAL INSTITUTE CTE No. t 0 FOR WOMEN (CEBU), INC. Date issued _S -.-3o

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1 INCOME TAX

the payment of income tax only on revenues and receipts enumerated on the Certificate of Tax forth under Revenue Memorandum Order (RMO) No 44-2016. to wit: MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC. is exempt from Exemption. It is understood that the school must continue to meet the following requisites as sct

a) It is a non-stock. non-profit educational institution: and b) Its revenues are actually, directly and exclusively used for educational purposes

income from currency bank deposits and yield from deposit substitute instruments used actually. directly and exclusively in pursuance of its purpose as an educationat institution. are exempt from MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC.'s interest the 20% final tax and 7 t/2% tax on interest income under the expanded foreign currency deposit System imposed under Section 27 (D) (1) of the National Internal Revenue Code of 1997. as amended, subject to compliance with the conditions that as a tax-exeinpt educationat institution it shall on an annual basis submit to the Revenue District Office concerned an annual information return and duly audited financial statement together with the following:

a) Certification from their depository banks as to the amount of interest income earned from passive investment not subject to the 20% final withholding tax and 7 1/2% tax on interest incomc under the cxpanded foreign currency deposit 1997, as amended: system imposed by Section 27 (D) (1) of the National Internal Revenue Code of

b) Certification of actual utilization of the said income: and

c) Board Resolution by the school administration on proposed projects (i.c. banks or placed in money markets, on or before the 1 5th day of the fourth month of equipnient, books and the like) to be funded out of the money deposited in following the end of its taxable year (Sec. 4. Finance Department Order No. 137 87} coustruction and/or improvement of schooi buildings and facilities. acquisition

2) VALUE ADDED TAX (VAT)ON EDUCATIONAL SERVICES

Pursuant to Section 109(H) of thc National Internal Revenue Code of 1997. as amended. MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU),INC.'s groSS receipts from operations as a non-stock. non-profit educational institution are exempt from V AT.

LIABILITY FOR INTERNAL REVENUE TAXES

D) INCOME TAX

from any of its properties, real or personal, or any activity conducted for profit. which income MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC. is subject tc income tax on all its income/receipts/revenues not expressty 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 i997. as amended. on its incone derived

Department Order No. 149-95 dated November 24. 1995 amending Department Order No. 137-87

MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC Date issued $6.201? CTE NO. 435-2017

should be returned for taxation. unless said revenues are actually. directly and exclusively used for cducational purposes.

2) VALUE ADDED TAX(VAT)

If MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU). INC. is engagcd in the sale of goods or services in the course of a business pursuit. including transactions incidentat thereto. in general. it shall be liabie for VAT 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% VAT pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997. as amended.

3)WITHHOLDING TAX

constituted as withhoiding agent for the governmcnt if it acts as an employer and its employees receive compensation income subject to the withholding tax under Scction 79 (A). Chapter Xill subject to the withholding tax pursuant to Section 57 of the National Internal Revenue Code of MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC. shal| be Regulations No. 2-98, as amended, or if it makes income payments to individuals or corporations Title Il of the National Internal Revenue Code of 1997. as amended, as implemented by Revenuc 1997, as amended, and as implemented by Revenue Regulations No. 2-98. as ainended.

TAXPAYER DUTIES & RESPONSIBILITIES

1) MARY OUR HELP TECHNICAL INSTITUTE FOR WOMEN (CEBU), INC. is required to 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 file on or before the t 5th 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 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 generai and special law to the contrary notwithstanding. the books of accounts and other pertinent records of tax-excmpt 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 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. (Revenuc Memorandum Circular Revenue Code of 1997, as amended, to issue duly registered receipts or sales or commercial No. (RM(] No. 76-2003).

4)Finaily, 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

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