BIR Ruling No. 627-2019

REPBLR OE THE PHILIPPIES

BUREAU CF INTERNAIRFYENUE DL-RTET F FAN

Quezon Ciry

Certificate of Tax Exemption No.

0527-201#

CERTIFICATE OF TAXEXEMPTION

issued to

METROBANK FOUNDATION. INC 15 'F Metrohank Plaza. Sen. Gil Puyat Avenue. Makati City

SEC Compang Reg. No. TIN:

This certifies that the above-named corporation is a non-stock. non-profit corporation ut n:s proen hy acteal operation that its primary purpose falls urde: Ec-uon :s9 (E) of the Naitonal Internal Revenue Code (NIRC) of 1997. as amended. It is exempt from INCOME - I Ax only on the following revenues or receipts:

1. Gifts and donations

lothing follows

suhject to the provisions of applicabie BIR rules and regulations and the tax exemptions. liabilities and responsibitities stated in the Terms and Conditions hereto attached and made an iniegral part hereof. Ht is liable. however. to all other taxes not enumerated above.

This certification shall be valid for three t3) years from the date of issuance unless earlier revoked hy this Office for violation of any provisions of appiicable rules and regulations of BiR. or the terms and conditions herein set forth.

This C'ertificate may he 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 (ertificate of Tax Exemption is heing issued on the basis of the facts and documents as represented and submitted. However. if upon investigation. the BIR ascertains that the facts are different. then this (ertificate shall be considered null and void.

Issued this day of -n 0CL_1 7.2013

CAESAR R. DULAY Commissioner of internal Rex enue 029 8 4 5

Metrobant Foundaion. Ine. 1426 -:1 CTE AO Date issued 0 :815

TERMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

TAN EXEMHTHON

D iNCONE TAX. METROBANK FOUNDAIION. INC. is OnIy eXempt from the

pay ment ot ineome tax on revenues and receipis enumerated on the Ceruifieate of Tax

I vempion. Moreover. to he eniited t the tax exemptions enumerated herein. the

u sociuion corporation organization must continue to meet the requirements set forth

tnder Revenue Memorandum Order No. 20-20l3.

LIABHLITY FOR INTERNAL REVFNUE TAXES

D N(OME TAX

METROBANK FOCNDATION. INC. is subject to income tax on all its

income receipis re enues nox essk exenpted and stated in the Certificate of Tax

Exempiion. Nioreover. it is subjeet to the corresponding internal revenue taxes imposed

under the Naionat Internat Revenue Code. as amended. on its income derived from any of its properties. real or personal. or any activity conducted for profit regardiess of the disposition thereof. which income should be returned for taxation.

Likewise. inerest income from currenev hank deposits and yield or anv other monetary beneits from deposit substitute instruments and from trust funds and similar arrangements. und roy alties derived from sourees within the Philippines are subject to the twenty percent t2o". tnal withholding tax: Provided. however. that interest income derived by it from a depository bank under the expanded foreign curreney deposit system shall be subject to fifteen percent ( 15.' final withholding income tax pursuant to Section 27(D I) in relation to See.'57(A + both ot the National Internal Revenue Code of 1997. as amended.

2) VALUE ADFD TAX/PER(ENTAGE TAX

deris ed therefrom shall be subject to the 15.. VAT. in case the gross receipts from such receipts do not exceed P3.000.000.00. H METROBANK FOU NDATION. INC. is engaged in the sale of goods or services in the course of a business pursuit. including transactions incidental thereto. its revenues sales exeeed Three Million Pesos (P3.000.000.003. or to the 3% percentage tax. if gross

AT pursunt to Sections 100 and 107 of the National Internal Revenue Code. as amended. properties or serv ices and importatiom of goods shall nev ertheless be subject to the 12%. Notw ithstanding that it is a non-stock. non-profi corporation. its purchase of goods or

3) WITHHOLDING TAX

impleniened hx Fev enue Regutations No. 2-98. as amended. or if i makes income subiect t the w ithholding uax unaer Section 79 (A). Chapter XH11. Title H of the NIRC. as pa ent> te infi juai or corporutions suhject to the wihholding tax pursuant to Section Ho ernmen! ir it aeis as an employer and its emplovees receive compensation income MFIROBANK FO N!ATION,INC. shall he constituted as withholding agent for the I uhe vattal mterna! Resenue ( ode. us inpjenenied by Revenue Rezulations No. 2-98. > ach

Werobauh Fondutiou. tne Ia2e 0 . (IEM LtiSCd CEZ?D II . 29

TANPAYER'S DUTIES & RESPONSIBILITIES

I METROBAXK FOUNDATION.INC. is Teyuired w file on or before the 15th day of the Balance Sheet w iti the Annual Iniormation Keturn under oatn. stating is gross income and Pourth m:onti roliowing the end of the aesounting period a Profit and Loss Statement and

expenses inctrred during the preceding neriod and a certificate showing that there has not been any ehange in is By-laws. Artities of Incorporation. manner of operation and aeti jies as well as sources and dispositior: of income. Copy of this Certificate of Tax Fsemption shull be ataehed to the aforementioned Annual Information Return.

t Hider Section 235 of the Aatonal internal Resenue Code. as amended. any' provision of existing generni ane special las to the conurary notwithstanding. the books of accounts and

subjeet to examination hy the BIR for purposes of ascertaining compliance with the other pertinent reeords of tax-exempi orgunization or grantees of tax incentives shall be conditions unter which it has heen granted tax exemptions or tax ineentives. and its tax I abiI' tics. i[ y

3: Further. i is aiso required under Section oi('+ in relation to Secuon 237 of the NIRC to

issue duk resistered receipts or sales or commercial invoices for each sale or transfer of

Which the Association is registered. Revenue Memorandum Circular No. [RMC] No. 76 merchandise or tor"services rendered which are nol directly related to the activities for 2003 )

+, Finally. it is subject to the payment of registration fee of PhP 500.00 as prescribed in

Secuion 23ot B+ of`the National Internal Revenue Code of 1997. as anended