BIR Ruling No. 342-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City T+

Certificate of Tax Exemption No. F42-.01

CERTIFICATE OF TAX EXEMPTION

issued to

EMMAUS CENTER FOUNDATION,INCORPORATION 3 F CEFAM Buiiding. Seminary Drive. Ateneo De Manila University SEC Company Reg. No. Loyola Heights. Quezon City T IN:

and has proven by aciual operation that its primary purpose falls under Section 30 (F) of the This cerifies that the above-named corporation is a non-stock, non-profit corporation F ba

National Internal Revenue Code of 1997. as aniended. It is exempt from INCOME TAX onty on the fellowing rexenues or receipts: ---+ -

I. Grants and Donations. +

nothing follow

integral part hereof. Iis liable. however. to all other taxes not enumerated above. subject to.the provisions of applicable BIR rules and regulations and the tax exemptions. Hiabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

earlier revoked by this Office for violation of any provisions of applicable rules and regulations of BIR. or the ternis and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year period. prov ided under Revenue Memorandum Order (RMO) No. 20-2013. Failure to renew this This Certificate may be renewed upon filing of a subsequent application for revalidation

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

Issucd this. day of MAR 7 2018

M 2

Comnissioner of (nterna) Rey CAESAR R. DULAY 08 K-l-Asb

Page 2 of 3 Enme us Center Foundation, Inc. Date issued 3-7-201 CtE No. :

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

I) INCOME TAX. EMMAUS CENTER FOUNDATION, INCORPORATION is OnN exempt from the payment of income tax on revenues and receipis enumerated on the C'ertifieate 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

all its income/receipts/revenues not expressly exempted and stated in the Certificate of Tax actis ity conducted for profit regardless of the disposition thereof. which income should be under the NIRC on its income derived from any of its properties; real or personal, or any returned for taxation. EMMAUS CENTER FOUNDATION,INCORPORATION is subject to income tax on Exemption: Moreover. it is subject to the corresponding internal revenue taxes imposed

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 withhoiding 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-{/2%) final withholding income tax pursuant to Section 27(D}(I in relation to Sec. 57(A) both of the NIRC. 2) VALUE ADDED TAX/PERCENTAGE TAX

Hf EMMaUS CENTER FOUNDATION INCORPORATION is engaged in the sale of thereto. its revenues derived therefrom shall be subject to the 12% VAT. in case the gross Hundred Pesos (P 1.919.500.00). or to the 3% percentage tax, if gross receipts do not exceed P1.919.500.00. receipts from such sales exceeds One Million Nine Hundred Nineteen Thousand Five goods or services in the course of a business pursuit, including transactions incidental

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

it makes income payments to individuals or corporations subject to the withholding tax pursuant to Seetion 57 of the NIRC. as implemented by Revenue Regulations No. 2-98. 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 impiemented by Revenue Regulations No. 2-98. as amended. or it anended. EMMAUS CENTER FOUNDATION, INCORPORATION shall be constituted as

Emmius Center Foundatiou, Inc. CTE No. 342-2018 Page 3 of 3 Date issued 3--2018

TAXPAYER'S DUTIES & RESPONSIBILITIES

EMMAUS CENTER FOUNDATION, INCORPORATION is required to file on or before the 15th day of the fourth month fotlowing the end of the accounting period a Profit 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 and Loss Statement and Balance Sheet with the Annual Information Return under oath. Information Return. this Certiticate of Tax Exemption shall be attached to the aforementioned Annual

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 gramtees of tax incentives shall be subject to examination by the BIR tor 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 which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- 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 2003)

+} Finally. it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B) of the National Internal Revenue Code of 1997, as amended.