BIR Ruling No. 384-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 384-2018

CERTIFICATE OF TAX EXEMPTION

issued to

JESUS CHRIST OUR LIVING GOD ASSEMBLY, INC. SEC Company Reg. No. Zone 7, Triangulo, Naga City 4400 TiN

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 Tithes, Offerings, and Pledges; and Grants and Donations.

lothing follows

subject to the provisions of applicable BIR rules and regulations and the tax exemptions, integral part hereof. It is liable, however, to all other taxes not enumerated above. liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

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

period. Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year provided under Revenue Memorandum 'Order (RMO) No. 20-20i3. Failure to renew this This Certificate may be renewed upon filing of a subsequent application for revalidation

that the facts are different, then this Certificate shali 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 MAR 0 8 2018

K-I-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 014139

JESUS CHRIST OUR LIVING GOD ASSEMBL Y, INC. Date issued_3-&-2018 CTE No. 384-2018

OF THE CERTIFICATE QF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

D) INCOME TAX

benefit of any member, organizer, officer or any specific person. of income tax only on revenues and receipts enumerated on the Certificate' of Tax JESUS CHRIST OUR LIVING GOD ASSEMBLY, INC. is exempt from the payment Exemption, provided, that no part of its net income or asset shall belong to, or inure to the

LIABILITY FOR INTERNAL REVENUE TAXES 1) INCOME TAX

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

-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, and royalties derived from sources within the Philippines are subject to the twenty percent depository bank under the expanded foreign currency deposit system shall be subject to seven and one-haif 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 (20%) final withholding tax: Provided, however, that interest income derived by it from a amended.

2) VALUE ADDED TAX (VAT)/PERCENTAGE TAX

thereto, its revenues derived therefrom shall be subject to the twelve percent (12%) VAT, tax, if gross receipts do not exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00). If JESUS CHRIST OUR LIVING GOD ASSEMBLY,INC. is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental 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

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

3) WITHHOLDING TAX

JESUS CHRIST OUR LIVING GOD ASSEMBLY, INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees receive Revenue Regulations No. 2-98, as amended, or if it makes income payments to individuals 2-98, as amended. compensation income subject to the withholding tax under Section 79 (A), Chapter XI1I, Titie II of the National Internal Revenue Code of 1997, as amended, as implemented by or corporations subject to the withholding tax pursuant to Section 57 of the National Internal Revenue Code of 1997, as amended, as implemented by Revenue Regulations No.

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JESUS CHRIST OUR LIVING GOD ASSEMBL Y, INC. Date issued _3-8-2018 CTE No. 384-2018

TAXPAYER'S DUTIES & RESPONSIBHLITIES 1) JESUS CHRIST OUR LIVING GOD ASSEMBLY,INC. is required to fiie on or before this Certificate of Tax Exemption shall be attached to the aforementioned Annual Information Return. its gross income and expenses incurred during the preceding period and a 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 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

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any incentives shall"be subject to examination by the BIR"for purposes of ascertaining 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 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 are not directly related to the activities for which the Association is registered. (Revenue Internal Revenue Code of 1997, as amended, to issue duly registered receipts or sales or Memorandum'Circular No. [RMC] No. 76-2003). commercial invoices for each sale or transfer of merchandise or for services rendered which

4) Finally, 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.

L-K-I-LMAT

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