BIR Ruling No. 75-2020

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

S30-007-2020

CERTIFICATE OF TAX EXEMPTION

issued to

ASSEMBLIES OF GOD'S LIGHT CHRISTIAN

MINISTRIES CAVITE INC. Lot 9 Blk. 5 Macopa St. Glowing Field Subd. Sahud Ulan, Tanza, Cavite TIN:

SEC Company Reg. No.

and has proven by actual operation that its primary purpose falls 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

2. 1. Tithes. Donations.

nothing follows.

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

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

Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year provided under Revenue Memorandum Order (RMO) No. 20-2013. Failure to renew this 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 JAN 1 6 2020

1eemva

CAESAR R. DULAY Commissioner of Internal Revenue

032109

K-I-MDT

ASSEMBLIES OF GOD'S LIGHT CHRISTIANMINISTRIES CAVITE INC. Page 2 of 3 Date issued_JAN 1 6 2020 S30E-007-2020

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. ASSEMBLIES OF GOD'S LIGHT CHRISTIAN MINISTRIES CAVITE INC. is only exempt from the payment of income tax on revenues and receipts exemptions enumerated herein, the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013. enumerated on the Certificate of Tax Exemption. Moreover, to be entitled to the tax

LIABILITY FOR INTERNAL REVENUE TAXES

1 INCOME TAX

revenue taxes imposed under the National Internal Revenue Code of 1997, as amended on subject to income tax on all its income/receipts/revenues not expressly exempted and stated 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. in the Certificate of Tax Exemption. Moreover, it is subject to the corresponding internal ASSEMBLIES OF GOD'S LIGHT CHRISTIAN MINISTRIES CAVITE INC. is

depository bank under the expanded foreign currency deposit system shall be subject to Likewise, interest income from currency bank deposits and yield or any other monetary to Sec. 57(A) both of the National Internal Revenue Code of 1997, as amended. 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 (20%) final withholding tax: Provided, however, that interest income derived by it from a fifteen percent (15%) final withholding income tax pursuant to Section 27(D)(1) in relation

2) VALUE ADDED TAX/PERCENTAGE TAX

If ASSEMBLIES OF GOD'S LIGHT CHRISTIAN MINISTRIES CAVITE 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 12% VAT, in case the gross receipts from such sales exceed Fhree Million Pesos (P3,000,000.00)2, or to the 3% percentage tax, if gross receipts do not exceed P3,000,000.00.

Notwithstanding that it is a non-stock, non-profit corporation, its purchase of goods or VAT pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997, as properties or services and importation of goods shall nevertheless be subject to the 12% amended!

3) WITHHOLDING TAX

employees receive compensation income subject to the withholding tax under Section 79 A), Chapter XIII, Title II of the National Internal Revenue Code of 1997, as amended and as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income ASSEMBLIES OF GOD'S LIGHT CHRISTIAN MINISTRIES CAVITE INC. shall be constituted as withholding agent for the government if it acts as an employer and its payments to individuals 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. 2-98, as amended.

2Republic Act No. 10963 increased the VAT threshold from P1,919,500.00 to P3,000,000.00 effective January 1. 2018. Republic Act No. 10963 increased the tax rate from 7.5% to 15% effective January 1, 2018.

ASSEMBLIES OF GOD'S LIGHT CHRISTIANMINISTRIES CAVITE INC. Page 3 of 3 Date issued_ jAN 1 6_ 2028 S30E0072020

TAXPAYER'S DUTIES.& RESPONSIBILITIES

1) ASSEMBLIES OF GOD'S LIGHT CHRISTIAN MINISTRIES CAVITE INC. is required to 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 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 Exemption shall be attached to the aforementioned 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 incentives shall be subject to examination by the BIR for purposes of ascertaining incentives, and its tax liabilities, if any. 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

3) Further, it is also required under Section 6(C) in relation to Section 237 of the National

Internal Revenue Code of 1997, as amended, to issue duly registered 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 PhP500.00 as prescribed in Section

236(B) of the National Internal Revenue Code of 1997, as amended.