BIR Ruling No. 785-2019

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

5-2019

CERTIFICATE OF TAX EXEMPTION

issued to

DE LA SALLE UNIVERSITY SCIENCE FOUNDATION, INC. Rm. 202, 2/F Br. John Hall Bldg., DLSU Campus, 2401 Taft Ave., Brgy. 709, Zone 78, Malate, Manila 1003 SEC Company Reg. No. TIN: 00 :00

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

1. Donations.

nothing follows

integral part hereof. subject to the provisions of applicable BIR rules and regulations and the tax exemptions. liabilities and resporsibilities stated in the Terms and Conditions hereto attached and made an iable. hc ver, to all other taxes not enumerated above.

earlier revoked by this O of BIR This certificatic and c. id for three (3) years from the date of issuance unless tion of any provisions of applicable rules and regulations ein set forth.

provided unde Certificate shal period. This ( cate may l v nue Me eemed a revocation thereof upon the expiration of the three (3)-year On filing of a subsequent application for revalidation rder (RM0 No.20-2013. Failure to renew this

documents as that the facts are diffe This Dreser ificat nt then this Certificate shall be considered null and void. and submitted. However, if upon investigation, the BIR ascertains of Tax Exemption is being issued on the basis of the facts and

Issued this. d yof 2

aegaMy

K-1-JAC Commissioner of Internal Revenue CAESARR.DULAY 031320

Page 2 of 3 De La Salle University Science Foundation, Ine Date issued DEC.1..20 CTE No. -201

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. DE LA SALLE UNIVERSITY SCIENCE FOUNDATION,INC. is Only exempt from the payment of income tax on revenues and receipts enumerated on the Certificate of Tax Exemption. Moreover, to be entitled to the tax exemptions enumerated herein, the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No. 20-2013.

: LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

Exemption. Moreover, it is subject to the corresponding internal revenue taxes imposed 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. all its 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 DE LA SALLE UNIVERSITY SCIENCE FOUNDATION, INC. is subject to income tax on

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 depository bank under the expanded foreign currency deposit system shall be subject to fifteen percent (15%) final withholding income tax pursuant to Section 27(D)(1) in relation Likewise, interest income from currency bank deposits and yield or any other monetary (20%) final withholding tax: Provided, however, that interest income derived by it from a

2) VALUE ADDED TAX/PERCENTAGE TAX

receipts from s percent. If DE LA SALLE UNIVERSITY SCIENCE FOUNDATION. INC. is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental thereto, its reve X, if s derived therefrom shall be subject to the 12% VAT, in case the gross sales exceed Th. receir not c fillion Pesos (P3,000,000.00)2, or to the 3% ed 3.000.000.00 Notwithstan ang th. amended. VAT pu propert or servic nt to Se ns 106 and 107 of end importat I is a non On of k, e Mational Internal Revenue Code of 1997, as Jod p: fit corporation, its purchase of goods or shall nevertheless be subject to the 12%

3 WITHHOL OI GT K

or corporatins subject to the withholding tax pursuant to Section 57 of the National Revenue Resala compensation Internal Ku enrue Code of 1997, as amended, as implemented by Revenue Regulations No. 2-98, as amended. Title II of thI DE LA SAI withholding N ne OX nal TY SCIENCE FOUNDATION. INC. shall be constituted as je st to the withholding tax under Section 79 (A), Chapter XIII, te nal Revenue Code of 1997, as amended, as implemented by 8, as amended, or if it makes income payments to individuals vernment if it acts as an employer and its employees receive

Republic Act No. 1(963 increased the tax rate fro 7.5% to 15% effective January 1, 2018.

De La Salle University Science Foundation, Inc Page 3 of 3 Date issued DEC 1 3 2019 CTE No. 0785-2019

TAXPAYER'SDUTIES&RESPONSIBILITIES

this Certificate of Tax Exemption shall be attached to the aforementioned Annual showing that there has not been any change in its By-laws, Articles of Incorporation Information Return. DE LA SALLE UNIVERSITY SCIENCE FOUNDATION.INC.is required to file on or before the 15th day of the fourth month following the end of the accounting period a Profit stating its gross income and expenses incurred during the preceding period and a certificate and Loss Statement and Balance Sheet with the Annual Information Return under oath. manner of operation and activities as well as sources and disposition of income. Copy of

2) Under Section 235 of the National Internal Revenue Code of 1997, as amended, any incentives shall be subject to examination by the BIR for purposes of ascertaining compliance with the conditions under which it has been granted tax exemptions or tax 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 incentives, and its tax liabilities, if any. 3) Further, it is also required under Section 6(C) in relation to Section 237 of the National Memorandum Circular No. [RMC] No. 76-2003). 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

4) Finally, it is subject to the payment of registration fee of.P500.00 as prescribed in Section 236(B) of the Nation rernal Revenue Code of 1997, as amended.