BIR Ruling

November 9, 1977 Salesians Society of St. John Bosco Philippine Province Paraaque P. O. Box 1467, Commercial Center Makati, Metro Manila Attention: Rev . Father Valeriano Barbero , SDB Provincial Economer Gentlemen : This refers to your request for exemption from the payment of income tax and the filing of the corresponding income tax return under Section 27(e) of the Tax Code. The records disclosed that the Salesian Society of St. John Bosco Philippine Province, is a religious corporation sole duly registered with the Securities and Exchange Commission professing, practicing, propagating and teaching the Roman Catholic Church doctrine and faith under the jurisdiction of the Roman Catholic Church at Rome, Italy, and with head offices at Rome, Italy, while its local office is based at the Don Bosco Provincial House, Better Living Subdivision, Paraaque, Rizal; that the corporation sole shall be maintained mainly from donations from the general public, as well as from funds raised through its religious fund raising activities; and that no part of its net income shall inure or accrue to the benefit of any individual member. In view thereof, this Office is of the opinion and so holds that the Salesians Society of St. John Bosco Philippine Province, falls within the purview of an organization organized for purely religious purposes as contemplated by Section 27(e)-of the Tax Code. Accordingly, it is exempt from the payment of income tax. It is however, subject to income tax on income derived from any of its properties real or personal or any activity conducted for profit, regardless of the disposition made of such income. Moreover, it is required to file on or before April 15 of each year a profit and loss statement and balance sheet with the annual information return under oath, stating its gross income and expenses incurred during the year 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. Very truly yours, CONRADO P. DIAZ Acting Commissioner of Internal Revenue TAN-D2567-D1025-A-2