BIR Ruling No. 444-2017

REPUBLICOF THE 'HILIPPINES DEPARTMENT OF FINANCE EE BUREAU OF INTERNAL REVENUE

Qutzon City

Certificate of Tax Exemption No.

144-2017

CERTIFICATE OF TAX EXEMPTION

issued to

ST. DOMINIC GIRLS HOME, INC.

San Juan St.. Molo, H1oilo City 5000

SEC Company Reg. No. TIN:

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

2. Subsidy from the Congregation of the Dominican Sisters of the Most Holy I. Donations;

Rosary of the Philippines. -nothing follows

subject to the provisions of applicabie BIR rules and regulations and thc 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.

This certification shall be valid for three (3) years from the date ot issuance unless earlier revoked by this Officc for violation of any provisions of 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 (RM0) 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 thc facts and documents as represented and submitted. However. if upon investigation. thc BIR ascertains that the facts are different. then this Certificate shall be considered null and void.

Issued this. - day of

CAESAR R. DULAY Commissioner of Internal Revenue

K-1-JAC

CELiA C. KING Cu: c.t

Deputv Commissianer

St. Dominic Girls' Home, Inc. Page 2 of 3 Date issued 2-3-2017 CTI: No. 44-217

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION 1) INCOME TAX. ST.DOMINIC GIRLS' HOME,INC. is only exempt from thc payment association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption. Moreover. to be entitled to the tax exemptions enumerated herein, the

LIABILITY FOR INTERNAL REVENUE TAXES 1 INCOME TAX

returned for taxation. ST. DOMINIC GIRLS' HOME, INC. is subject to income tax on all its Exemption. Moreover, it is subject to the corresponding internal revenuc taxes imposcd under the NIRC on its income derived from any of its properties. real or personal, or any activity conducted for profit regardiess of the disposition thereof. which incomc should be income/receipts/revenues not expressty exempted and stated in the Certificate of Tax

and royalties derived from sources within the Philippines are suhject to the twenty percent depository bank under thc expanded forcign currcncy deposit system shall be subiect to seven and onc-half percent (7-1/2%) final withholding income tax pursuant to Section 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. 27(D)(1) in relation to Sec. 57(A) both of the NIRC. (20%) final withholding tax: Provided. however, that interest income derived by it from a

2) VALUE ADDED TAX

course of a business pursuit. including transactions incidental thereto, in general, it shall be liable for VAT on the revenues derived therefrom. If ST. DOMINIC GIRLS' HOME, INC. is engaged in the sale of goods or services in the

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

3) WITHHOLDING TAX

'57' of" the NIRC. as implemented by Revenuc Reguiations No. 2-98. as amended. implemented by Revenue Regulations No. 2-98. as amended. or if it makes income ST. DOMINIC GIRLS' HOME, INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees rcceive compcnsation income subject to the withholding tax under Section 79 (A). Chapter XIII. Title II of the NIRC. as payments to individuals or corporations subject to the withholding tax pursuant to Section

TAXPAYER'S DUTIES & RESPONSIBILITIES 1) ST. DOMINIC GIRLS' HOME, INC. is required to file on or before the 1 5th day of the fourth month following the end of the accounting period a Profit and Loss Statement and

St. Dominic Girls' Home, Inc. Pagc 3 of 3 CT'E NO. Date issued 9-6-2017 4201

expenses incurred during thc preceding period and a certificate showing that there has not been any change in its By-laws. Articles of Incorporation, manner of operation and Exemption shall be attached to the aforementioned Annual Information Relurn. Balance Sheet with the Annual Information Return under oath, stating its gross income and activities as well as sources and disposition of income. Copy of this Certificate of l'ax

2) Under Scction 235 of the NIRC. any provision of existing general and special law lo the contrary notwithstanding. the books of accounts and other pertinent records of tax-exempt organization or grantees of tax incentives shall bc 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 Scction 237 of the NIRC to issue duly registered'receipts or sales or commercial invoices for each sale or transfer of 2003 merchandise or for services rendered which are not directly related to the activities for which the Association is registercd. (Rcvenue Memorandum Circular No. [RMC] No. 76-

4) Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B of thc NRC.