BIR Ruling No. 55-2018

BUREAU OFINTERNALREVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. 055-2018

CERTIFICATE OF TAX EXEMPTION

issued to

SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS NON-GOVERNMENT SERVICES INC. Bik.: 224 Lot 19-22 Metrogate Silang Estates, Silang Cavite SEC Reg. No. TIN

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

1. Donations

nothing follows.

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. subject to the provisions of applicable 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

revalidation 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

This Certificate of Tax Exemption is being issued on the basis of the facts and 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.

Issued this day ofJAN 2 4 2018

K-1-JRC Resource Management Group Deputy Commissioner CELIA C.KING Lee'c Commissioner of Internal Revenue CAESAR R.DULAY

GOVERNMENT SERVICES INC. THEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS NON- CTE No.055-2018

Page 2 of 3 Date 1-24-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1) INCOME TAX. SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS NON-GOVERNMENT SERVICES 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

SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS NON-GOVERNMENTSERVICES INC. is subject toincome taxonall 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

activity conducted for profit regardless of the disposition thereof, which income should be returned for taxation. under the NIRC on its income derived from any of its properties, real or personal, or any

Likewise, interest income from currency bank deposits and yield or any other monetary 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 (20%) final withholding tax: Provided, however, that interest income

shall be subject to seven and one-half percent (7-1/2%) final withholding'income tax derived by it from a depository bank under the expanded foreign currency deposit system pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the NIRC.

2) VALUE ADDED TAX

If SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS

NON-GOVERNMENT SERVICES INC. is engaged in the sale of goods or services in the

course of a business pursuit, including transactions incidental thereto, in general, it shall

be liable for V AT on the revenues derived therefrom.

Notwithstanding 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 12%

VAT pursuant to Sections 106 and 107 of the NIRC.

3) WITHHOLDING TAX

SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS

NON-GOVERNMENT SERVICES INC. shall be constituted as withholding agent for the

government if it acts as an employer and its employees receive compensation income

subject to the withholding tax under Section 79 (A), Chapter XIII, Title II of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income payments to individuals or corporations subject to the withholding tax pursuant to Section '57 of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended.

GOVERNMENT SERVICES INC. THEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS NON. CTE No.O5S-2018 Page 3 of 3 Date 1242018

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) SOUTHEAST ASIA MEDICAL AND RELIEF INSTITUTE FOR TRAINING ASIANS

NON-GOVERNMENT SERVICES 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 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

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 NIRC, 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 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 incentives, and its tax liabilities, if any.

3) Further, it is also required under Section 6(C) in relation to Section 237 of the NIRC 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 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 NIRC.