BIR Ruling No. 476-2018

BUREAU OF INTERNAL REVENUE REPUBLICOTHE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

476-2018

CERTIFICATE OF TAX EXEMPTION

issued to

SAN ANTONIO FORMATION& ENHANCEMENT

Safec Bldg.. Narra Ext.. Villamonte. Bacolod City 6100 SEC Company Reg. No. TIN: CENTER,INC

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

1. Donations.

nothing follows.

integral part hercof. 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. liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

of BIR, or the terms and conditions herein set forth. earlier revoked by this Office for violation of any provisions of applicable rules ard regulations This certification shall be valid for three (3) years from the date of issuance unless

provided under Revenue Memorandum Order (RMO) 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 may be renewed upon filing of a subsequent application for revalidation

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 Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this . day of AR 14 2018

Mouay

K-I-LMAT Commissioner of Internal Revenue CAESAR R.DULAY 014339

SAN AVTONIO FORMATION &ENHANCEMENT CENTER.INC CTE No.476-2018 Date issued 3-14-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

INCOME TAX

SAN ANTONIO FORMATION & ENHANCEMENT CENTER, INC. is exempt from the benefit of any member, organizer, officer or any specific person. the payment of income tax only on revenues and receipts enumerated on the Certificate of Tax Exemption, provided, that no part of its net income or asset shall belong to, or inure to

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

income derived from any of its properties, real or personal, or any activity conducted for SAN ANTONIO FORMATION & ENHANCEMENT CENTER, INC. is subject to income tax on all its income/receipts/revenues not expressly exempted and stated in the profit regardless of the disposition thereof, which income should be returned for taxation. Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed under the National Internal Revenue Code of 1997, as amended, on its

benefits from deposit substitute instruments and from trust funds and similar arrangements. seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the National internal Revenue Code of 1997, as 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 amended.

2) VALUE ADDED TAX (VAT)/PERCENTAGE TAX

If SAN ANTONIO FORMATION & ENHANCEMENT CENTER, 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 twelve percent (12%) VAT, in case the gross receipts from such sales exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00), or to the three percent (3%) percentage tax, if gross_receipts do not exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00).

twelve percent (12%) VAT pursuant to Section-. 106 (A) of the National Internal Revenue Code of 1997. as amended. or properties or services and importation of goods shall nevertheless be subject to the Notwithstanding the fact that it is a non-stock, non-profit corporation, its purchase of goods

3) WITHHOLDING TAX

SAN ANTONIO FORMATION & ENHANCEMENT CENTER, INC. shall be A.Chapter XIII,Title'II of the National Internal Revenue Code of 1997.as amended. as employees receive compensation income subject to the withholding tax under Section 79 Revenue Regulations No. 2-98, as amended. constituted as withholding agent for the government if it acts as an employer and its implemented by Revenue Regulations No. 2-98, as amended, or if it makes income 57 of the National Internal Revenue Code of 1997, as amended, as implemented by payments to individuals or corporations subject to the withholding tax pursuant to Section

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SAN AVTONIO FORMATION &ENHANCEMENT CENTER.INC CTE No.476=201 Date issued_314m01

TAXPAYER'S DUTIES & RESPONSIBILITIES

l) SAN ANTONIO FORMATION & ENHANCEMENT CENTER,INC.is required to 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 Exenption shall be attached to the aforementioned 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 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 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). Internal Revenue Code of 1997, as amended, to issue duly registered receipts or sales or

4)Finally, it is subject to the payment of registration fee of Php500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended.

SK-I-LMAT

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