BIR Ruling No. 477-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

477-2018

CERTIFICATE OF TAX EXEMPTION

issued to

PASTOR,BIBLE SALVATION FELLOWSHIP,INC.

42 Sgt. Pascua St. Bagong Ilog, Pasig City

SEC Company Reg. No. TIN:

This certifies that the above-named corporation is a non-stock, non-profit corporation

Section 30 (E) of the National Internal Revenue Code of 1997, as amended. It is exempt from and has proven by actual operation that its primary purpose is one of those enumerated under

INCOME TAX only on the following revenues or receipts:

1.Tithes and Offerings; and 2. Financial Subsidies from Mother Church in Australia and Sister Churches in

Singapore & Australia.

nothing follows

subiect to the provisions of applicable BIR rules and regulations and the tax exemptions

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.

This certification shall be valid for three (3) years from the date of issuance unless

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 Certificate may be renewed upon filing of a subsequent application for 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 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 thisday of AR 14_2018

eaw

Commissioner-of Internal Revenue CAESAR R.DULAY 014645

i477-2018 3-14-2018 Pastor,Bible Salvation Fellowship, Inc

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OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTIONS

D INCOME TAX.

PASTOR, BIBLE SALVATION FELLOWSHIP,INC.is only exempt from the

association/corporation/organization must continue to meet the requirements set forth Exemption. Moreover, to be entitled to the tax exemptions enumerated herein, the payment of income tax on revenues and receipts enumerated on the Certificate of Tax

under Revenue Memorandum Order No. 20-2013.

LIABILITY FOR INTERNAL REVENUE TAXES

1) INCOME TAX

PASTOR,BIBLE SALVATION FELLOWSHIP,INC. is subject to income tax on all 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 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 disposition thereof, which income should be returned for taxation.

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 sourccs within the Philippines are subject to the twenty percent (20%)final withholding tax: Provided, however, that interest income derived by it from a depository bank under the expanded foreign currency deposit system shall be subject to seven and one-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

amended.

2) VALUE ADDED TAX/PERCENTAGE TAX

If PASTOR, BIBLE SALVATION FELLOWSHIP, INC.is engaged in the sale of goods or services in the course of a business pursuit, including transactions incidental thereto. its

revenue derived therefrom shall be subject to the 12% VAT, in case the gross receipts from

such sales exceed is 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.

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%

value added tax pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997, as amended.

3) WITHHOLDING TAX

PASTOR, BIBLE SALVATION FELLOWSHIP, 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 National 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 the withholding tax pursuant to Section 57 of the National Internal Revenue Code of 1997,as amended. as implemented by Revenue Regulations No. 2-98, as amended.

Pastor, Bible Salvation Fellowship, Inc. 3-142018 #477-2018

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TAXPAYER'S DUTIES& RESPONSIBILITIES

1) PASTOR,BIBLE SALVATION FELLOWSHIP, 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 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. manner of operation and activities as well as sources and disposition of income. Copy of

Information Return.

2) Under Section 235 of the National Internal Revenue Code of 1997. as amended, any

compliance with the conditions under which i 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 shall be subiect to examination by the BIR for purposes of ascertaining 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 commercial invoices for each sale or transfer of merchandise or for services rendered which Internal Revenue Code of 1997, as amended, to issue duly registered receipts or sales or 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 PhP500.00 as prescribed in Section

236(B) of the National Internal Revenue Code of 1997. as amended.

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