BIR Ruling No. 649-2019

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TERTIFICLAOF TAXEXEMPTION

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SANGUSTEILIOCES-NACADEMYINC P te.. Ibr.. -ear. Nueva Ecija

SECL RezI.

eeries tat tke aee-e a r.i torperaton is a non-stock. non-proit corporatiot

JE TAX Non the foiov E ene o eceipts: . H) o: Naona i- r-.e Code or 1997,as amended. I is exen .. Hven i . a.tual oerat.. ... it --far: purpose is oe oi those enurerated tnd-.

ineci-e lerived fron tie HANCUSTHN EiG:E-eCADEMYINCtOheactuaRNrC Senortr'ship grunts; and Loctstores locaia iin its J-emises, owned and ogerated py Tultiafees & Gter sioifeiareu Fees; Scerstion si cafeterias/canteens, dormitories

Ha e eisiveh LsrdIr ttkeal purposes.

DnNei0o

C . ae pro.ons of app...t.. Eik raies and regulations and the tax exenptons. I aoies ana res rensibiiies state : H: fe Terus and Conditions hereto attaehed and nade an I.e--- g. rereor i is labie.-. - all cuer taxes not enumeraed above.

:o -iiors rereir set forth. it shal. H.a..se oe r-voked if there are material changes in tne cia of a povsiorS cr e Ite eeniisticn shal te w:. Ie H the u He or issuance until revoked by tnis Onie's -ere fues Hnd regulation's of the BiR. cr the terf:s ar.!

isis for it ieci.e tex exerpuc. Ht cte. Furpes : br rfiethod of - .-r:.... st ii: corporation which are inconsistent whtn ts

T.s tertficate of Tak E. -: .rn is teing issued on the basis of the facts ana .irens s fep esened and sth.t.. -. Heves er, if upon investigation. thre BIR ase-rurs t.. t- fiets are .ifferent. dher tkis. I Me shuli te eonsidered null and void.

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Commissioner of Internal Revenue CAESAR R. DULAY 0298

N AOCETIN DIDLESAN ACADETNE CTE NO Date issued

TERS-II CCNDITIONS OFTHECENTFEATE DF TAXEXEMPTION FerMon-Ste haaPrshtEnucavoaat Insatuton Ler Seis30(ofne ilarRevenue Code of1997asend-d

ENEPA

NCOMET-A

SAN AGUST DIOCESAN-C-LERY,NC.IS exempt from the paYment of income ta.Oniy

On reenues and receipis efurorar+i on ta: &ertificate of Tax Exemptich. It is understood thzt ufe schosl arust eonthue .s H ee tre tolowing requisites as set forth under Revenue Nemoandun Oraer RMO) Nc -4--5. w w

H. its rev entes are astuaily. Hi ettsy ad exsiusively used for educational purposes. it is a Her-stock, nor-pre. uentional irstitution: and

E-N CUST DIOCESAN ALE,NCs interest income from cufrency bank deposis ana sletd frea. cepssit substitute .st:unents used aetually, directly and exciusively in pursuance of is purpose at an edueaticnal :srrain. zre exempt from the 20% final tax and 15%' tax on

iiteres: ineonr.: w:der the expanat c f ci-n etrrenay deposit system inposed under Seetion 27 (D) (. of -re Nat enal interal Reve .- CoHe of ts97. as amended, subject to eonpliance with the

condions the as a tak-exerpt ahearau instituion it shall on an annual basis submit to the Feverue Distict Cffice eortet.d M trual itormation return and duly audited financial S.ateir ent toge her t ih the feik..e

(a,Cerafeation fren tr:. " :siery banks as to the amount of interest income eart.e 1 fron passive in. ient not subject to the 20% final withholding tax and : S% tax on interes: ieme under the expanded foreign currency deposit syste1 inposed ty Seet.-r. 2- (D) () cf the National Interial Revenue Coae Of Is ,? as amendee:

tbc-aetet ofactam e.. ct tre said income, and

(c)B are. Resciuton cy ... ..hosi aiministration On proposed projects (i.e.. ccnst.ue.sn and/cr ins. : - enent of school buildings and facilities, acquisition of e:iren., becks ane r: :ina) to te funded out of the money deposited in tank:: t- piaced in moner naru, Dn o. cefore the I Sth day of the fourth month feilov I. the end of ns ale yca. Se. 4, Finance Department Order No. 137-8 7 2

V-L-E AL ELTAX VATOLDU-ATIONAL SERVICES. PUrSUaAT IO SCetION s.tH) or Te Natioral Inte.... ...e Code of 1997, as amended, SAN.GUSTI Ess..N..CADEM..- soss reraipts from operaions as a non-stock, non-prorit erucational he-ittion are exenp- H .. " -T. Moreover, revenues derived from assets use in the Cperater of oufete-ias canteens. moreitories atu bookstores located within the premises of SsM AGUSiN DOCEsaMCalsIc.- exempt from taxation provided they are cwned Hd -rerated t- it cs ancillary acw

LLELFORESTEGLRTEEENEL

CCET- E-sLSTDIOCES N.EMNC. is subjeet to income tax on all its ineone/receipis revenues not epr-ssiy exenipted and stated in the Certificate of Tax

. 55A A-.Y -0 E effective january ,2018

7: :: .2 Department Order Nc. 137-87.

a..53f LAEC Hi CTEN Tate issucu

I xerptic-. iorecse . i is sun .. t.- sotunding ineral reenue taxes imposed mae t atic letera Re enue Cec. t ."t7. as herded. on is income derived from any St is Frope.tes. rea. cr personal or a... t. ta.ar....Pic:s sau .ee-. ... .t ' cotu ted for profit, which inconie shouia be returned ..-i. . Hreetly and exelusively used for edueational

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E -LCEADEFETAXFERGH-EETA

tne ceuse Ji a brsiness purstn iut Hs-GUIEC t Her Pese. P:000.0ct.003.. icrer shu. be subiect to ne Te : -- e 37 rereentage tax, if gross receipis d5 net exeeed .-T. h ease the gross receipis from such sales exeeed Three transacuons incidental therew, is revenue derived Iise. is engeged m tne saie cr goeds or serviees in

F...o.0

Se cl. tee a1d 107 of the Nareei mmer :-ee ar i Hnportauo ac 2 .iat it is a o--toer. -: :prcat ->-pora:ion, hrs purchase of goods or properties hes erteless be subjeet to the 12% VAl pursuant t trai Revea-e Code of 1997. as amended.

AIHOLLHCT-X

T- eust-oeS-insrian . ohal be constituted as withnoiding agent for the E orer.tient if it is as an empiu. sr ata is snipioy ees reccive compensation income subjeet w u.e it.chig ta.. - ..er Seet.on 79 .j. :...per Xhi..Tite l of the Narional Irternai kevenue Coue :. I.", as ut: ..eca, as impiee.::1 Rev -.e P egulations No. 2-98, as amendeu. Or if it makes ..eore pay me ts ro Ind -iucis : - .oroatons sur ect to the withholding tax pursuant to Seectio:1

: caers 1._-58.asarend:- S- Naru tenal Re.. e ci ia". as ainended, and as implemented by Revenue

NELRDUESRESPONSTS

ANECUSTLIOCESE --L, fsc. is repnred to flle on or berore the l5t aay o.

He reurth fe.t setowina tre nd rhe ac-oanting period a Profit and Loss Staierient and Sna.e- Shee.. an te Annual rt arikn t.run uader oath, stating is gross ireome and tipeross incu el iung tne pree.d.s Sxia ard a eertineate showing that there has not been any -.ar.e ... irs .y-Hiw's. Artieles c iasfee.aticn. tharner of cperation and aetivities as uell as turtes and al- positsf: of incof-. - cpy of this Certitieate of Tax Exemption shall be attached io .e a.tteie.alntoat fw

1c-e-t52::h-a T.. ..... Ke.e Code of 1997, as amended. any provision 3! e stu- =ener: i ar.I >peciar lat .. d.. -.n newithstancing. rne beoks of aecounts aid other Sert... rec. as T tax-enenp. "--ari.. or of grantees of tex ineentives shal be subjeet I

Jn e tcu ax eempue -.. sion b. t. ElR rer p.r. e.'s..e.nt.- conptiarce with the conditions under whisn centes- and its tax liabilities. if any

F.eer.-. Ce.. cr 1997. as ae.. .U.L.isC.S Lee we: ::1 e- telaticn to Section 237 of the Nauonat inenal istus any registered reeeipts or sales cr commercial .. bice. fer ctr saia o: transter . :ereadise er for services rendered which are not directly

e. tre ce. ties for Whicr: He szouaticn is registered. (Revenue Memorandum Circular [.C] F1-2003

l.tisat 3-iteh -of Pnp 500.00 as preseribea in Secticr 236 B) Cthe Maicna lnerraReeru 1e c1 :3- ts wmendeu

::" .: f.c- 51..... 530.00 to$3.900.000.cO effective January E. 2018