BIR Ruling

September 16, 1976 In connection with your request for exemption from the payment of income tax and the. filing of the corresponding income tax return under Section 27 of the Tax Code, I have the honor to request that, as required by Revenue Regulations No. 2 this Office should also be furnished with the following documents: 1. Affidavit showing the character of the Association, the purposes for which it was organized, and its actual activities, the sources of its income, and its disposition, whether or not any of its income is credited to surplus or inures or may inure to the benefit of any private stockholders or individual and in general, all facts relating to its exemption. 2. Copy of the Articles of Incorporation and By-Laws of the Association and a certificate of filing of the said documents with the Securities and Exchange Commission. 3. Latest Financial Statements showing the assets, liabilities, receipts and disbursements of the Association. Unless the aforementioned requirements are complied with, no definite ruling can be issued by this Office on your aforesaid request. cdtech