BIR Ruling [UN-113-95]

March 20, 1995 BIR RULING [UN-113-95] Center for the Prevention and Treatment of Child Sexual Abuse 37-B Morato St., Quezon City Attention: Ms . Lois J . Engelbrecht Project Coordinator Gentlemen : This refers to your letter dated January 20, 1995 stating that the Center for the Prevention and Treatment of Child Sexual Abuse (Center) is a newly formed organization that you have submitted your Article of Incorporation to the Securities and Exchange Commission only last January 11, 1995 that the purposes for which the corporation is formed are: 1. to manifest our faith through action; 2. to increase awareness of sexual abuse against children; 3. to provide strategies to parents, children and communities to prevent child sexual abuse; and 4. to provide treatment services to family and child victims; that you will hold a charity concert on March 25, 1995 at the Francisco Santiago Hall of PCIBank Tower I, Makati for the benefit of the Center. cdtech Based on the foregoing facts, you are now requesting for a ruling that the proceeds of the concert be exempt from income tax. In reply, please be informed that the proceeds to be derived by the Center from the holding of the musical concert featuring violinist John Lesaca which will be held on March 25, 1995 at the Francisco Santiago Hall of PCIBank Tower I, Makati, are exempt from income and business taxes. Such income, however, should be declared in the annual information return to be filed by the corporation, the qualification of which as a tax-exempt organization should first be determined by this Office in accordance with Section 26 of the Tax Code, as amended, as amplified by Revenue Regulations No. 2, otherwise known as the Income Tax Regulations, as amended. (BIR Ruling No. 232-91, dated November 6, 1991) cd Very truly yours, ALICIA P. CLEMENO Assistant Commissioner (Legal Service)