BIR Ruling No. 710-2019

R ETL-K.OY THE PHILIPFLNES

EERTENOFFINANCE BUREAU INTERNAL REVENJE

(Leron City

Cert ficate of Tax Exemption No.

3.{ -?o1s

CERTIF ICIE UF TAX EXE MIPIIDN

is:ued to

PHILPPTNE SLSTHESORGANZATICINAL COMMITTEEEHHSGOC FOUNEAIION.HE 32: Aven .- Fer: Ecni facio. Taguig C.ty SEC Con. Jany Reg. No. Unit 1 J3 11/F One Werld Place 1 :

This certifies th.at the atove-r. a.n: . en i.y is a non-stock., ncr-pre: it corporation and its pririairy urpose is one of thos= enumerated ainc.: Secti:n 3) (E) of rte Natic-a. Internal Revenue Code of .997. as amended. It is exempt Fom Iv = .1:: T AX only on t.e foliowit.g reventes or receipts:

I Donatious, granr s, furt .n , s ah sidies, sponstrships.

tithirg folloy

s liable, however, to alt other taxes r ct et.'n++' ited above. espensibilities stated in: the Terns and Ct:.it:sns. hereto attacled an d rn icle an integral part herecf. [t abjaet to the provision3 of applisatle Fsl!: iic: and regulations and the tax exemptions, liabilities ad

this tffice tor violation Df any provisice : :f :plicable ru es a d regulations of the BIR, o1 the terrns This. certificaticl shall be valid -.. rt.ee (3) ears front the date cf issuance ,until revoke: by

I.nd conditions herein st forth.

:hall be deened a revocation thereof :p:: :e .cxpiraticn or the three 3)-- e:ar period. :rov dec. under Reve it e Memsrandur: ier (RvO, No. 20-2013. Failure to renew this Certifi eate This Certificat s may be re.eva - uon filing of a s bsectent application for revalidatier

Liffe ent, then this Cert ficate shail be eo ts. Ber -d null and voic. repre sented and subrnited. Howeverr. . upin investigation, the EIR. ascertairs that the facts are This Certificute of Tax. Exen:p:i.. : 's "- ;ing issued on the basis -f the facts and documents as

ssued this day ot

UxAA* E

F-I EHTD K1-FR-19-0645 Comm iss.i. ner of Internal Revenue CAEEAF R. DULAY h 037a

PRIFPINE SHAGAMES ORGLATIOLCCNIRELNDAON.C F3:I.cf 3 CTE'No.1710201: [ate issued: y- L

OF THE .F:CTE OF TAL EXEMPTION TE.LTDCONDITONS

TAX EXEMPTICN

INCOME TA X.

Tequirements st So-th unler Re'v .+ +: I ..r. Drar.dum Order No. 20.23.3 erumerated hereii, the assoca i. er.umerated on te Certifieate cr PHILIPPINE FOUSDATICNNC. iS exerE .SEA-..GAIE.IZATICNAL-OMMITTEE-.PHISGOC . e.seingtion. Moreo'ver, to ks ertitled to the tar. exen pe:ons r :he payment of icot ta orly en revenues and rxceipts :roration or o-ganization rnust continue to meet the

LIABILIYFORTNTERNALFELAUEAXES

1; NCOME TAX

exempted and atated"in the ceiic:: of Tax Exermpticr.. Noreover, it is subiect to the corresponding internal r-venue: t't: r : 0sed under the Natiotal Internal Revenue Code o: 1997, as amended, on iis inccrne deri. : frst: cny of its pre perties, real or personal, or any activiry conducted for prsfit regarcless u . e : sposition tineref. which incorne should be returned fe- "axation. Thus, dividend income -e . .- ve.i F,- the foundat .on is ubject to taxation. FDUDATICN INC. is siUje PHJLIPPINE.. SEAGAME. : l1..umu: tax on all its inesne'-eceipts/revenues Htot'expressly -E3SAZATICNALOMMTTEE PHSGC

withhoicing ineo:ne tax pursual t- ec iou 27(D)(Iy in telation t Sec. 57(A) beth of the N.rional derived from sccrees within ue -h? opnes are sub ect "o the twenty percent (20%y final withhoicing tax: Prcvidec, hov-e:. e:. tha. r. terest income feri've I by r: trom a depository bank: under the expanded foreign ctrrency i::-5.1 sy'stem shall b: subject :o fifteen pereent (1s%:} final "nternal Reven ie Code o' 199. s ir"ti led. From deposit s at stitute .ristrurne r. eni .rim trust fund: and sin.:lar arrangements, and reyatties -.kevise, interest income frorn .. t-il., toank ceposits and yield o: any other monetary benorits

2VALLE ADDE TAXPERCEN E TAN

the 12% VAT." in casu the r::: rpts fron st.ch sales exeeed Three Million Fesos :F3,000,000.0()3. 5r to t1e 3% pr.: :.: tea., if gross re:eipts de :ot ex.ceed P3,000,)00.0t.. PHIPPINE...EA...GAL...R.ANZAIICNAL-.OMMITTEE..PHISGOC EUDATICNINC.s engare-Te sals of good or sorv es in the course cof a business pursuit, :ncluding transatcions inti _ .it n: tl: ereto, its revenues ceri ed therefrom shall be sut ject ro

Or services ani mportatio.1 c? ge : :.s s.all nevertheless be subjet to the 12% Value-adced cax pursuant to Se:tios l06 .ird Mo. :"H.e Tational Interne. Reveaue Code of 1997, as amendnd. Notw thstandir.g t.at it :s a rio.-it. : , I.r -profit eerporation, its :ot.rehase of goods or pro serties

3) WITHHOLDIN G TAX

as implemented t:y Revenue Rog ..tii.. N.. 2-98, as arended, or if i: makes income payments ro ernpleyer and it: employees recei. : esipaersetion incc me subjest to the withholding tax urder indivicuals or ec.porations subje-e. i. it : rhholding te.x purua.t to Section 57 of the Ntioal Internal Reven re Code cf 199 - s L..i, as impteme.rred b Fs venue Regulations No. 2.98&, as FOUSDATIQN C. shall ba &c: Hitared as vithholdir.g agent f r the government if it act s as an Secticn 79 (A) Chapter >Ill, Tie .. of : ne: National Internal F.evanue: Code of 1997, as amendes, arnended. PHIIPPINESEA-GATEHRANZATIONAL QMMITTEE (PHISGOC)

3 Ru:.ui)i.c Act M.. 15963 incrtas :d ::e VAT :h -es nDIa Ir3. RulAct10963 incr to .3.1.: c..::3C30,060.COef ectiveJa uan L, 10..8. n31218

PLPPINESEAGAMESORAIATICNALCCMTISEEIATCHHINC Pag: 3 of 3 Date Isuac: NOV E + CE 17021

TAXPAYEF'SDUTLES &HESEONTIES

1) FHHLIPPINE..EA-GAES.OGANZATIONAL Information Retu: a. the end of the act e inting peric l : . of?. m1 Loss Staternent aid B3elanee Sheet with the Arnual Information Retura under oath, s:ut .. i: :r.ss insomre an I expenses ncurred curing the prec edl.ng Copy cf this Ce.tiricate of Tas -..tin shall be t.ttached -.. the aforementioned Annual period ard a carificate shewing; th :: t.i.--e has not peer. any cha ge in its Ey-laws, Artic.e:; of Incorperation, intrner of oeraio .... .c ities as we I as sour:es and disposition of inome FOUNDATION TSC. is reqUiC i: on cr before the 15th day' cf the fourth monih following COMMITTEEPHISGGC

2) Under Section 2:3 5 of the atic na 1:t:r1.1 Rexenue Code of 1"97, as amended, any provision of pertinent recores cf tax-exempt J.gin.i:tior or grantees of iax .ncen ives shall be subjoc- to it has been grar.e. tax exerptict ... Hai incentives, and irs tax .iab lities, if any. existing general a.1 special law: to + :. ..trary notwithstanding, t:e bccks of accoun:s and otier examiration by tl: e BIR. icr purpc.s:s of .: ceraining compianee w th che conditions under .vhich

3) Futher. it is also cequired Lnder :3.::. 0: 5 n reietion to Sestis 237 cf the National Iniernal Revenue Code of 1997, as air.crc:.. i:..e duly reg stered rereipts or.sales or comm.rcial invoice:s for each sale cr t-aisfer J. .i.er: lendise or for services randered which are not directly related o the acti ities fer whicfi l.- "o.pcraticn is registered. (Revenue Mernorandum Cir eular No. [RMC] No. 7:-2003).

+) F inally, it is subjert :o the Favmer: ( . ::iration fee of Pi P50C.J0 a5 prescribed in Secion 236(3) 5: the National InteTal Revenu: C. +e ef .9o". as amended.