Tax Exemption Granted to Bel Air Association, Inc.

October 20, 1959 BIR RULING NO. 520-59 Mr. Miguel Y. Ortigas c/o Bel Air Association, Inc. R-209, Ayala Bldg., Manila S i r : With reference to your letter dated January 21, 1958, requesting a ruling whether or not the Bel Air Association, Inc. falls under the category of an exempt organization pursuant to section 27(g) of the National Internal Revenue Code, I have the honor to inform you that your query is answered in the affirmative, it appearing upon investigation that: 1. The association is purposely organized to maintain sanitation, afford community police protection, fire prevention, as well as the beautification and uniformity of the surrounding premises of the occupants of the Bel Air Subdivision situated in the Municipality of Makati, Rizal. 2. The principal funds of the association come from membership dues of P.20 per sq. m. a year from each member, which the association spends in the attainment of its purposes. 3. The funds of the association are not invested in any other purpose than those above-mentioned, neither does the income of the association inure to the benefit of any private shareholder, member or individual. cdtech Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue