BIR Ruling No. 76-2018

REPUBLIC OIT THE PT{II-IPI'INES DEPARTN,{ENT OF FiNANCE BUREAU OF INTERNAT REVENUE Quezon City Certificate of Tax Exemption No. o?5*2018 CERTIFICATE OF TAX EXEMPTION issued to P.tr,,O n,, t ' TIN: SECI Corrpany Reg. No. 'Ihis certifies that the above-nanrecl corporation is a notl-stock. non-prot-it corporation ancl has proven by actual operation that its prinlary purpose falls under Section 30 (E) of the Natiopdl Inrernal R.eyelue C6de of 1997, as amended. It is exen'rpt from INCOVIE TAX onil' on the tbllow'ing re'n'enlles or receipts: l. Contributions and l)onations. sr.rbject to the provisions of applicable Bilt rules'and regulations and the tax exemptions, liabilities and responsibilities stated in the Telms and Conditions hereto attached and made an integr"al parl hereot-. It is liable. hor,vever, to all other taxes not enumerated above. Tliis certitlcation shall be valid fbr tluee (3) years from the date of issuance utrless earlier revoked by t|is Office for violation of any provisions of applicable rules and regulations of IllR, or the terms and conditions herein set tbrth. l'his Certit-icate n1a)'be renewed upon liling of a subsequent application for revalidation provided uncler Revenue N,lemoranclum Orcler (RMO) No.20-2013. Failr.rre to renew this Certitjcate shail be deemed a revocation thereof upon the expilation of the tliree (3)-year periud. This Celtifl:ate of Tax Exernption is being issued on the basis of the facts and clocuments as represented iind submitted. t{orvever, if upon investigation, the BIR ascer-tains that the llcts are clitferent, then this Certificate shall be considered null and void. lssued this clay o f' 4441r rilrL C'AESAR R. DUI,AY Cornmissioner of Intemal Revenue K-t lt C{"r.,; L.h^ I CEUA C. fitNB\ Deputy comnrissioHer

W SPIGSpiritu su Kumctrfirun, Inc. CTENo. O7o-2O18 -- Page .1 trl'3 Date issuecl r*j9-2orB rERi\IS AND CONDITIONS OF TF{E C]ERTIFICATE OF TAX EXEMPTIOI{ TAX EXEMPTION 1) pIN^CaOyMmEenTtAoXfi.nScPoK'--S'rPlImRIeTIrIaStAedKodMnAthTeUCOReAr1N.ifI.NicCa. ties oofnTlyaexxempt tiorn the Exemption. IVloreover, to be entitled to the tax exemptions enumerated herein, the association/corporatioil organuation must continue to meet the requirements set forth runcler Revenue Memorandunr Order No. 20-2013: LIAtsILITY F'OR I NTERNAW r) rNC0lVtE TAX SualEnncxPdtceiKevrolri'rtSpythtPiceoIonRNn.dIIT.Ru\{UcCoterSedoonAfvbietlsIr{p,A.irniotNct-oiIrstAmsrTeeugUbdajeOerrdciIvlIteAestcoIsl.{.ioflii1oeI'Itrh{clCeoand.L^piyesissipb.poafossn-iritt*ds-iroi,nbpflgjie'st,clrtiipenat "rtttreeeotdiomefsi,ainn,lwcrrteheohaivcmelehoneCruideetpcraetotiraxf'slrxcoeeaonstsanehli,mooa,uipfrlldolT*iabyi.t,exsl returned fbr taxation. I-ikervise, interest income frorn currdncy bank c-leposits and I'ield or any other monetary benetlts hour deposit substitute iustruments and fiom trust funcls and similar anangemerlts, and r-oyalties derived from solrces within the Philippines are (20%) f-inal withholding_tax: Provided, however, that intelest subjectto the twentf p..ceni iniome der.ir.ed Uy.itiioiiiu depository bank under the expanded i'oreign glJr,rency deposit system shall be'subj;;;l; sevenrand one-half percent Q-ll2%) t'inal withholding in"o.n. tu* pi*uunr 27(DXl) in relation to Sec. 57(A) both of the NIRC. ro Section 2) VALTIE ADDED TAX It'SPK-SPTBITU SA I(An'IATUQR.trV,-rruC is engagecl in the sale of goods or services in tne ;;".ti-";t i;ciclentaither.tE, in g.neral, it shall be liable fbr VAT on the re\.enues derivJcl therefi.om. ,' Notwithstanding that it is a non-stock, non-prclfit corporation, its purchase of goods or PVrAoPIeRrtuiersslroarnrsetorvSiceeosl.iaonnds importation of goods shall nevertheiess be subject tolhe l2g6 106 and 107 of the NIRC. 3) WTTHTIOT_DING TAX gov SPK-SPIRTT9= sA KAMATIJOILAF{. INC. shall be constitutecJ as withholding agent fbr rhe J tir L.pr"yl.r r...1u;;;;ip.;rarion income subject to the u'ithholding tijx under Section 79 (Ai Ciiapter XIII, iI itnplemented Title of th. NIRC";; b;' Revenue Regulations No. 2-98','as amenclecl, ii makes i'come or if Plyments to individuals or cotporations subject to the withholding tax 57 of tlrts NIRC, as irnplernented by Revenrie Regtilations No. 2-9i, as plu'suant to Section Lnepded.

SPK-Spirittt su Kumatrnrun, Inc. CTE No. n?6-ffi1B Page 3 o1'3 Date issued t-29u.Xtl8 TAXPAYER'S DUTIES & RIOSPONSIBII,ITIES 1) SpK-SPIRITU SA KAMATUORAN" INC. is required to file on or befbre the 15th da1'of th?fourtlt month following the end of the accounting period a Profit and Loss Statement and Balance Sheet with the Amual information Return under oath, stating its gross income and expenses incurred during the preceding period and a certificate showing tltat there has not been any cliange in its By-laws, Arlicles of Incorporation, nlanner of opelatiot qnd activities as well as sources and disposition of income. Copy of this Cerlificate of Tax Exemption shall be attached to the aforernentioned Annual h-rformation Retum. 2) Under Section 235 of the NIRC, any provision of existing general and special lawto the contrary notwithstancling, the books of accounts and other pertinent records of tax-exer-npt organiiation or grantees of tax incentives shall be subject to examination by the BiR tbr purposes of ascerlaining compliance with the conditions under which it has been granted iaxtxemptions 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 NIRC to issue duly legistered-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 plescribed in Section 236(B) of the NIRC.