By: Tax and Accounting Center Philippines
Under Revenue Memorandum Order No. 20-2013 (RMO 20-2013) dated July 22, 2013 entitled “Prescribing the Policies and Guidelines in the Issuance of Tax Exemption Rulings to Qualified Non-Stock, Non-profit Corporations and Associations under Section 30 of the National Internal Revenue Code of 1997, as amended”, non-stock, non-profit corporations are required to secure BIR Tax Exemption Ruling.
Hereunder are the general requirements for the application for BIR Tax Exemption Ruling:
Notably, the above list is not all inclusive and BIR may required additional documentary requirements for BIR Tax Exemption. For non-stock, non-profit schools and other educational institutions, the following are the additional documentary requirements:
While RMO 20-2013 is under litigation on questions of validity, non-stock, non-profit corporations and associations are encouraged to apply for BIR Tax Exemption ruling in order to continue enjoying their income tax exemptions. Preparing some of the above requirements are quite technical so we suggest that you secure the services of a knowledgeable professional to ensure that the requirements are prepared taking into account the technical requirements of the BIR and related rules.
Disclaimer: This article is for general conceptual guidance only and is not a substitute for an expert opinion. Please consult your preferred tax and/or legal consultant for the specific details applicable to your circumstances. For comments, you may also please send mail at info(@)taxacctgcenter.org, or you may post a question at Tax and Accounting Center Forum and participate therein.
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