BIR Ruling No. 385-2018

BUREAU OF INTERNAL REVENUE REPUBLIC)F THE,PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 385-2018

CERTIFICATE OF TAX EXEMPTON issued to

SEC Company Reg. No. ALPA FOUNDATION INC. Subangdaku, Mandaue City 6014 TIN:

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

I. Donations and Contributions.

nothing follows.

subject to the provisions of applicable BIR rules and regulations and the tax exemptions, integral part hereof. It is liable, however, to all other taxes not enumerated above. liabilities 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 terms and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

period. Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year provided 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

Issued this day of MAR 0 8 2018

1ewany

CAESAR R.DULAY

Commissioner of Internal Revenue

K-1-JAC 014235

Alpa Foundation, Inc. Page 2 of 3 CTE No: 385-2018 Date issued 3-8-2018

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION

1)INCOME TAX. ALPA FOUNDATION, 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

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 ALPA FOUNDATION, INC. is subject to income tax on all its income/receipts/revenues Revenue Code of 1997, as amended, on its income derived from any of its properties, real income should be returned for taxation. or personal, or any activity conducted for profit regardless of the disposition thereof, which

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

27(D)(1) in relation to Sec. 57(A) both of the National Internal Revenue Code of 1997, as 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 (20%) final withholding tax: Provided, however, that interest income derived by it from a

amended.

2) VALUE ADDED TAX/PERCENTAGE TAX

If ALPA FOUNDATION, INC. is engaged in the sale of goods or services in the course

of a business pursuit, including transactions incidental thereto, its revenues derived

therefrom shall"be subject to the 12% VAT, in case the gross receipts from such sales exceed 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%

VAT pursuant to Sections 106 and 107 of the National Internal Revenue Code of 1997, as

amended.

3) WITHHOLDING TAX

ALPA FOUNDATION,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.