Circularizing the Advisory Issued by the Microfinance NGO Regulatory Council in Relation to the Implementation of Revenue Regulations (RR) No. 3-2017 Implementing the Tax Provisions of Republic Act (RA) No. 10693, Otherwise Known as the "Microfinance NGOs Act"

April 12, 2017 REVENUE MEMORANDUM CIRCULAR NO. 031-17 SUBJECT : Circularizing the AdvisoryIssued by the Microfinance NGO Regulatory Council in Relation to theImplementation of Revenue Regulations (RR) No. 3-2017Implementing the Tax Provisions of Republic Act (RA) No.10693, Otherwise Known as the "Microfinance NGOsAct" TO : All Internal Revenue Officers and Others Concerned For the information and guidelines of all internal revenue officers, employees and others concerned, we are publishing herein the Microfinance NGO Regulatory Council Advisory 1 on the Transitory Accreditation of Micro-Finance Non-Government Organization (MICROFINANCE NGO) dated 31 March 2017 issued by Ms. Teresita J. Herbosa, Chairperson of the MICROFINANCE NGO Regulatory Council including the List of MICROFINANCE NGOs 2 with Certificate of No Derogatory Information. HTcADC All concerned are hereby enjoined to be guided accordingly and to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A Microfinance NGO RegulatoryCouncil DOF-DTI-DSWD-SEC Advisory March 31, 2017 ANNEX A-1 List of MICROFINANCE NGOs with Certificate of No Derogatory Information 1. Alalay Sa Kaunlaran (ASKI), Inc. (Formerly: Alalay sa Kaunlaran (Sa Gitnang Luson), Incorporated) 2. ARDCI NGO Group, Incorporated (ARDCI) 3. ASA Philippines Foundation, Inc. 4. Bansalan Farmers Vendors Employees and Traders Association, Inc. 5. Bayan Enterprise Developers, Growers and Evolvers, Inc. 6. Cebu Caritas, Inc. 7. Center for Agriculture and Rural Development (CARD), Inc. 8. Community Economic Ventures, Inc. (CEVI) 9. Ecumenical Church Foundation, Inc. (ECLOF Philippines) 10. FCB Foundation, Inc. (FCB) 11. J.M. Honrado Foundation, Inc. 12. Jaime V. Ongpin Foundation, Inc. 13. Kasagana-ka Development Center, Inc. (KDCI) 14. Katuwang Resource Center, Inc. (KRCI) 15. KAZAMA Grameen, Inc. (KAZAMA) 16. KFI Center for Community Development Foundation, Inc. 17. KOLPING Microfinance, Inc. * 18. Lead with Integrity and Good Governance in Helping Communities for Holistic Transformation (LIGHT) Microfinance, Inc. ** 19. Negros Women for Tomorrow Foundation, Inc. (NWTF) 20. Pag-Asa Ng Masang Pinoy Foundation, Inc. 21. Peoples Alternative Livelihood Foundation of Sorsogon, Inc. 22. Rangtay sa Pagrang-ay Microfinance, Inc. (Formerly: Rangtay sa Pagrang-ay, Inc.) 23. Saklaw Foundation, Inc. 24. SEDP-Simbag sa Pag-Asenso, Inc. (Formerly: Simbag sa Pag-asenso, Inc.) 25. Serviamus Foundation, Inc. 26. St. Elizabeth Community Development Program, Inc. (SECDEP) 27. Surigao Economic Development and Microfinance Foundation, Inc. (Formerly: Surigao Economic Development Foundation, Inc.) 28. Taytay sa Kauswagan, Inc. 29. Tulay Sa Pag-unlad, Inc. (TSPI) * Incorporated on 31 August 2016. ** Incorporated on 27 October 2015. Footnotes 1. A nnex "A". 2. A nnex "A-1".