BIR Ruling No. 290-2018

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

Certificate of Tax Exemption No. 2902018

CERTIFICATE OF TAX EXEMPTION

issued to

INCOME TAX only on the following revenues or receipts: 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 CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST 1. Mass Offerings. This certifies that the above-named corporation is a non-stock, non-profit corporation 270 Kalayaan B, Batasan Hills, Quezon City 1 126 (IGLESIA CRISTIANA), INC. SEC Company Reg. No. TIN:

nothing follow:

integral part hereof. 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

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

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

documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This Certificate of Tax Exemption is being issued on the basis of the facts and Issued this day of MAR 0 1.2018

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K-1-LMAT Commissioner of Internal Revenue CAESAR R. DULAY : 013628

IN CHRIST (IGLESIA CRISTIANA), INC. CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD CTE No. Date issued 290-2018 01X

TAX EXEMPTIONS OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

D) INCOME TAX

receipts enumerated on the Certificate of Tax Exemption, provided, that no part of its net any specific person. income or asset shall belong to, or inure to the benefit of any member, organizer, officer or CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST (IGLESIA CRISTIANA), INC. is exempt from the payment of income tax only on revenues and

LIABILITY FOR INTERNAL REVENUE TAXES 1) INCOME TAX

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. CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST (IGLESIA CRISTIANA), 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 under the National Internal Revenue

27(D)(1) in relation to Sec. 57(A) both of the National Internal Revenue Code of 1997, as benefits from deposit substitute instruments and from trust funds and similar arrangements, depository bank under the expanded foreign currency deposit system shall be subject to seven and one-half percent (7-1/2%) final withholding income tax pursuant to Section amended. 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

2) VALUE ADDED TAX (VAT)/PERCENTAGE TAX

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). CRISTIANA), 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 One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00), or to If' CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST IGLESIA subject to the twelve percent (12%) VAT, in case the gross receipts from such sales exceed

Notwithstanding the fact that it is a non-stock, non-profit corporation, its purchase of goods or properties or services and importation of goods shall 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

CRISTIANA), INC. shall be constituted as withholding agent for the government if it acts tax under Section 79 (A), Chapter XIII, Title II of the National Internal Revenue Code of implemented by Revenue Regulations No. 2-98, as arnended. as an employer and its employees receive compensation income subject to the withholding makes income 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 CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST (IGLESIA 1997, as amended, as implemented by Revenue Regulations No. 2-98, as amended, or if it

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IN CHRIST (IGLESIA CRISTIANA), INC. CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD Date issued_312018 CTE No.2902018

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any 1) CHRISTIAN J.H.A.I.S.O.N. CHURCH OF GOD IN CHRIST (IGLESIA TAXPAYER'S DUTIES & RESPONSIBILITIES compliance with the conditions under which it has been granted tax exemptions or tax 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 incentives, and its tax liabilities, if any. as sources and disposition of income. Copy of this Certificate of Tax Exemption shall be provision of existing general and special law to the contrary notwithstanding, the books of change in its By-laws, Articles of Incorporation, manner of operation and activities as well attached to the aforementioned Annual Information Return. incurred during the preceding period and a certificate showing that there has not been any CRISTIANA), 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

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 PhP 500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended.

JK-I-LMA

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