BIR Ruling No. 443-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. 447

CERTIFICATE OF TAX EXEMPTION issued to

542 Mangga Street. Juna Subd., Matina, Davao City FILLES DU COEUR DE MARIE, INC. SEC Company Reg. No. TIN

National Internal Revenue Code of 1997, as amended. It is exempt from INCOME T'AX only and has proven by actual operation that its primary purpose falls under Section 30(1:) of the on the following revenues or receipts: This certifies that the above-named corporation is a non-stock. non-profit corporation

1. Donations

lothing follows

subject to the provisions of applicable BIR rules and regulations and the tax exemplions. liabilities 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.

earlier revoked by this Office for violation of any provisions of applicable rules and regulations ot' BIR, or the terms and conditions herein set forth. This certification shall be valid for three (3) ycars from the date of issuance unless

Certificate shall be deemed a revocation thereof upon the expiration of thc thrcc (3)-ycar provided under Revenuc Mcmorandum Order (RM0) No. 20-2013. Failure to renew this 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

K-1 Commissioner of Internal Revenuc CAESAR R. DULAY

Boco Deputy Commissioner CELiA C. KIno Cui c.

Page 2 ot 3 FILLES DU COEUR DE MARIE, INC. Date issued -6-a017 CTE NO 443-201

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. FILLES DU COEUR DE MARIE,INC. is only cxempt from thc association/corporation/ organization must continue to meet the requirements set forth under Revenue'Memorandum Order No. 20-2013. payment of income tax on revenues and receipts enumerated on the Ccrtificate of Tax Exemption. Moreover. to be entitled to the "tax exemptions enumcrated herein. the

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

income/receipts/revenues not expressly exempted and stated in the Certificate of Tax under the NIRC on its income derived from any of its properties. real or personal. or any activity conducted for profit regardiess of thc disposition thereof, which income should be Exemption. Moreover. it is subject to the corresponding internal revenue iaxes imposed returned for taxation. FILLES DU_COEUR_DE MARIE,INC. is subject to income tax on all its

Likewise, interest income from currency bank deposits and yield or any other monctary depository bank under thc cxpanded foreign currency deposit system shall be subject to 27(D)(1) in rclation to Sec. 57(A) both of the NIRC. benefits from deposit substitute instruments and from trust funds and similar arrangemcnts. 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 seven and one-haif percent (7-1/2%) final withholding income tax pursuant to Section

2) VALUE ADDED TAX

If FILLES DU COEUR DE MARIE, INC. is engaged in the sale of goods or services in be liable for VAT on the revenues derived therefrom. the course of a business pursuit, including transactions incidental thereto. in gencrai. it shall

Notwithstanding that it is a non-stock, non-profit corporation. its purchase of goods or VAT pursuant to Sections 106 and 107 of the NIRC. properties or services and importation of goods shall nevertheless be subject to the 12%

3) WITHHOLDING TAX

implemented by Revenuc Regulations No. 2-98. as amended. or if it makes incomc 57 of the NIRC. as implemented by Revenue Regulations No. 2-98, as amended. FILLES DU COEUR DE MARIE, INC. shall be constituted as withholding agent for the government if it acts as an employer and its employees receive compensation incomc subject to the withholding tax under Section 79 (A), Chapter XIII. 'Title II of the NIRC, as payments to individuals or corporations subject to the withholding tax pursuant to Section

Page 3 oi'3 FILLES DU COEUR DE MARIE, INC. CTE No. Datc issued_9.6-2017. 443-20 1

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) FILLES DU COEUR DE MARIE,INC.is required to file on or beforc the 15th day of not been any change in its By-laws. Articles of Incorporation. manner of operation and the fourth month following the end of the accounting period a Profit and Loss Statemeni and Balance Sheet with thc Annual Information Return under oath, stating its gross income and expenses incurrcd during the preceding period and a certificate showing that therc has activities as well as sources and disposition of income. Copy of this Ccrtificatc ot Tax Exemption shall be attached to the aforementioned Annual Information Rcturn.

2) Under Section 235 of the NIRC, any provision of existing gencral and special law to the purposcs of ascertaining compliance with the conditions under which it has been granted organization or grantees of tax incentives shall be subject to examination by the BIR for tax exemptions or tax incentives, and its tax liabilities. if any. contrary notwithstanding, the books of accounts and other pertinent records of tax-exempt

3) Further, it is also required under Section 6(C) in relation to Section 237 of the NIRC to issue duly registered'receipis or sales or commercial invoices for each sale or transfer of 2003 merchandise or for services rendered which are not directly relatcd to the activities for which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76-

4} Section 236(B) of the NIRC. Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in