BIR Ruling No. 73-2018

REPLTBLIC OF THE PHILIPPINES D E PARTN,IE NT OF F IN*ANCE BUREAU OF INTERNAL R.E\IENUE Quezon Cify Certificate of Tax Eremption No. Qn-=( )-lJ u. tt-C' ' CER.TIF{CATE GF TAX EXEMPTIOI{ issued ro FII-GRIM SOCIETY OF h,{ARV AF{D {,AY ASSOCIATES (PSM) XI\C. PSM Convent Sitio Parang Isaub Aborlan Paiau'an 5302 TN: SEC Companl-'Reg. No. This certifies that the above-named corporation is a non-stock" non-profit corporation and has proven bl,actual operation that its primarl'puryose fails under Section 30 (E) of the National internal Revenue Code (I{IRC) of 1997. as amended. It is exempt from Il.,iCON'lE TA.X onll on the follor.ring revenues or receipts: 1. Donafions ----------n0thing follows---- subject to the provisions of applicable BiR rules and regulations and the tax exemptions" liabiLities and responsibilities stated in the Terms ancl Conditions hereto attached and made an integral part hereof. It is liable. hower,.er. to all other taxes not enumerated above. This certihcation shall be i.'alid for three (3) years from the date of issuance unless earlier revoked by this Office for violation of any provisions of applicable rules and reguiations of BIR. or the terms and conditions herein sei forth. This Certificate may be renewed upon filing of a subsequent application fbr levalidation provided.under Revenue Memorandum Order (RIUO) No.20-2013. Failule to reneu'this Cei-tifrcate shall be deemed a revocation tirereof upon the expiration of the three (3)-1'ear period. This Certit-rcate of Tax Exemption is being issued on the basis of the facts and documents as repr:esented and.submitted. I-Iowever, if upon investigation, the BIR ascertains that the facts are difflerent, then this Certiflcate shali be considered null and void. Issued this dar-of t "xAF; $ ?*1$ K-r -.j.{c *r/u:t'-:o".ry-"-, CAESA}d IT. DULAY Commi ssionet offnte6rUi t"b.'f ?

Pilgrim Society of fllarl' untl Luy ,\ssociates (PSfuf), Inc. CTE No ^,7 i- ;,-. i Pa"c I ofi Date issued i-29-24i. T It {t&'iS,\lqi} {lC Ni)i TION S OF TI{E CERTNF{CATE T.}ft.'TAX EXEN{I'TNON TsX EXE\{PT}O}{ 1) '{NCON{E TAX. pxLGR{N{ SOCIET\' OF N{AR.\I .A.I{D!.AY ASSOCIATES eSM).I\Cr ls onlr.eXeinpttio@CometaXonre\.enuesandreceiptsenunteratedontire 'hCeerretiinfic. athtee'oafssToacxiaFti.oxenr/cnbprtipoonr.aNtio4onr/eoorvgear.nitzoatbioer-einrtnitulestdctoontthineuteaxtoexmeemept ttihoensreecnluuimreenrlaetleltds set forth under Revenue lr4emorandum Order No. l0-2013. LiABItr-{T'}' FOR INT'ER\AI- R.EVEIiLiE T'AXES I } I\CO\IE T.\X PILGI{IM SOCIETY OF MAR}- ANI} LAY ASSOCiAT'ES (PS.M} {NC' is.subject to income rissl1'exempteci and stated in the Certificate of Tax Exemption. Moreor,er. it is subject to the corresponding interna-l revenue ta\es imposed under the National Internal Revenue Code of 1997. as amended. on its iucome deiir.ed fiom an1' of its properties. real or personal. or an)' activitl' conducted lor profit regardless of the-disposition-thereof. r.vhich income should be returned for taration. Likeuise. interest incqrne liom curencl banli deposits and f ield or anv other inonetar)' benefits fiom deposit substitute instruments and frorn trust funds and sinrilar anangements- subject to. the t$'ent] perceni and ro1'alties derived from sources rvithin the Phiiippines are (200,,b)'frnal u'ithholcling tax: Provided. hou'ever. thar interest income derived bi it h'orn a depositorl bank r-rnder-the expanded foreign currencv deposits.vsl.--.+.{1 be subject to fifieen peicent ( 1 576) r flral wiihholding inc-ome tax pursuant to Section 27(DX 1 ) in relatiotr to Sec. 57(A) both of the National Inteinal Revenue Code of 1997, as amended. 2j VALUE ADDED T^L}SPIIRCEF\TTAGETAX If PILGR[1}I SOCI tu!A[r]'AND n- IATES ffSM is engaged in the sale of goods or services in the course of a business pursuit. inciuding transactious incidental tirereto. its revenues derir,ed tlieref,'om shall be subject to the 110,,6 VAT. in case the gross receipts from such saies exceed Three Million Pesos (P3.000.000.00)r. or to the 39'i, percentage iax" if gross receipts do not exceectr P3.000"000.00. Nonr.ithstanding that it is u non-stock. non-plofii corporaiiotl. its b_peuslcuhbajseectotof goods or' properries or seivices imporlation ot-good,', shall.neveltheless the 1lo,'ir and \'AT p.,tsuanr to Sections i06 and 107 ol ihe Nationai Intelnal Rel-enue Code of 1997- as amended. 3) \l"'ITtr{F{OLDiNG TAX pILGRie'I SOC{ET y OF },[ARY ANI-] LA ASS,gCIATES (PSn0 Xryc. sirzill be cotrstitritetl s an emf lo,ver and its empig.i'ees ieccii ; ]a cof ipcnsrltioriiniome sLiL-,.jcJt to iirc u''itliholding tzLx undci' 5eglion 7q (A). Chapter XIII- litle ii ;t',lre Natiorral ltiiernal iter,eiliie ('ot1ei1'1997. as amendeci. r-.:'lr:lilleltl.nted bi as ameiidctl. ctr iX',i,irakes i'n,croSnecpctaio)-nnlc-5il7r.>o1i'othiendNi'raitL'lirc-lla,:l,s cii-re'ct.oe1rpuoc i.iiieti6gnulsaisirL,ir,"sbtjlr.r.ioI.2.-9ll8re, .,,ithholcling tax pLIt's-iri.L::, as i; iptremelli'.,-i b\ ii,i rililc l-';Ii... i , . - r'1i;l R e r enle C.icie n, i' . ,"i7 - :,,:,. Lrtie ntJed. ii e gulzrticlns N0 " .rir(le(l

Pilgrim Sociey, of Mary anfl La1: Assaciarcs (PSfuI),Inc. CTE No. ATA^?iJ1? Page 3 of3 Date issued 1-49*;'Cr18 -r'uEs 1) PILGFIryI SqCIETI 9F n'!ARl'AND LAV ASSOCIATES fPSM) INC. is required to file on or before the 15th dav of the fourth month followingjre end of tfre accouniin_s period a Profit and Loss Statement and Balance Sireet nith the Annual Information Retum under coeatrhti,f_icsatatteingshiotsu'ginrogssthiantcothmeereanhdasexnpoetnsbeeseinncaunrrle' dchadnu-rgieng-intheitpi reBcye'-dlainug;sp. eArirotidc-laensdoaf Incorporation. marner of operation and activities as well'as sourcei and disposition of income. Copl' of this Certificate of Tax Exemption shall be attached to the aforementioned -{rurual I nformation Return. l) Under Section 235 of tire National Intemal Revenue Code of 1997. as amended. anv provision of existing general and special law to the contrar,v notwithstanding" the books of accounts and other perlinent records of tax-exempt organtzation or giantees of tax incentives shall be subject to examination by tire BIR. for purposes if ascertaining compliance with the conditions under r.l'hicir it has been glantea fax exemptions ot rai incentives. and its tax liabilities. if any. 3t Further" it is also required under Section 6(C.i in relation to Section 237 of the National Intemal Revenue Code of 1991 " as amended. to issue dull' registered receipts or sales or commercial invoices for each sale or transfer of,merchandise orTor services rendered whicir are not directll related to the activities for which the Association is registered. (Rer,enue Memorandum Circular No. IRMCI No. 76-2003). -{r Finaill'. 213! 61(s8s)uobfjethcet to the pay'ment of registration fee of PhP 500.00 as p- rescribed in Section National internal,Re\enue code of 1997. as amended.