BIR Ruling No. 557-2017

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

Certificate of Tax Exemption No. 7-217

CERTIFICATE OF TAX EXEMPTION

issued to

MINDANAO NOBLES FOUNDATION, INC Davao Masonic Center V. Mapa 1 1-A Davao City 8000 SEC Company Reg. No. TN:

National Internal Revenue Code (NIRC) of 1997. as amended. It is exempt from INCOME and has proven by actual operation that its primary purpose falls under Section 30 (E) of the TAX only on the following revenues or receipts: This certifies that the above-named corporation is a non-stock. non-profit corporation

1. Donations, gifts, bequests from members and non-members.

nothing follows.

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

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 (RM0) No. 20-2013. Failure to renew this 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 Exemplion is being issued on the basis of the facts and

Issued this day of_DFC0 6 2017

103ow

Commissioner of Internal Revenue. CAESAR R. DULAY 011467 K-1-JAC

Mindanao Nobles Foundation, Inc. Page 2 of 3 CTE No Date issued

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

I) INCOME TAX. MINDANAO NOBLES FOUNDATION,INC. is only exempt from the association/corporation/ organization must continue to meet the requirements sci forth under Revenue Memorandum Order No. 20-2013. payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exenption. Moreover, to be entitled to the tax exemptions enumerated herein. the

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

disposition thereof. which income should be returned for taxation. income/receipts/revenues not expressly exempted and stated in the Certificate of 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 MINDANAO NOBLES_FOUNDATION, INC. is subject to income tax On all its Exemption. Moreover, it is subiect to the corresponding internal revenue taxes imposed

and royalties derived from sources within the Philippines are subject to the twenty percent depository bank under the expanded foreign currency deposit systcm shall bc subject to seven and onc-half 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 Likewise. interest income from currency bank deposits and yield or any othcr monetary benefits from deposit substitute instruments and from trust funds and similar arrangements (20%) final withholding tax: Provided, however. that interest income derived by it from a amended.

2) VALUE ADDED TAX/PERCENTAGE TAX

in the course of a business pursuit, including transactions incidental thereto, its revenues sales exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1.919.500.00). or to the 3% percentage tax. if gross receipts do not exceed P1.919.500.00. If MINDANAO NOBLES FOUNDATION, INC. is engaged in the sale of goods or services derived therefrom shall be subject to the 12% VAT. in casc thc gross reccipts from such

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

3) WITHHOLDING TAX

Internal Revenue Code of 1997. as amended. as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income payments to individuals or corporations subject to as amended. as implemented by Revenue Regulations No. 2-98. as anended. the government if it acts as an employer and its employees receive compensation incone subject to the withholding tax under Section 79 (A). Chapter XIII. Title II of the National the withholding tax pursuant to Section 57 of the National Internal Revenue Code of 1 997. MINDANAO NOBLES FOUNDATION,INC. shall be constituted as withholding agcnt for

Mindanao Nobles Foundation, Inc Page 3 of 3 CTE No.557-2017 Date issued 12-6-2017

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) MINDANAO NOBLES FOUNDATION,INC.is required to file on or before the 15th day 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 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 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 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. incentives shall be subject to examination by the BIR for purposes of ascertaining

3 Further.it is also required under Section 6C 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 Internal Revenue Code of 1997,as amended,to issue duly registered receipts or sales or Memorandum Circular No. [RMC] No. 76-2003).

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.