Circularizing the Letter Issued by the Microfinance NGOs 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"

October 1, 2018 REVENUE MEMORANDUM CIRCULAR NO. 083-18 SUBJECT : Circularizing the Letter Issued by the Microfinance NGOs 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" TO : All Internal Revenue Officers, Employees, and Others Concerned For the information and guidelines of all internal revenue officers, employees and others concerned, we are publishing herein the attached Letter from the Microfinance NGO Regulatory Council Secretariat dated August 13, 2018 issued by Atty. Miracle Anne D. Rodriguez, Acting Secretary of the MICROFINANCE NGO Regulatory Council including the Updated List of MICROFINANCE NGOs accredited by the Microfinance NGO Regulatory Council as of July 11, 2018. aScITE All concerned are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ATTACHMENT Microfinance NGOs Regulatory Council Secretariat September 12, 2018 COMMISSIONER CAESAR R. DULAY BUREAU OF INTERNAL REVENUE Room 511, BIR National Office Building BIR Road, Diliman, Quezon City 1101 Metro Manila RE: UPDATED LIST OF ACCREDITED MICROFINANCE NGOs Dear Commissioner Dulay : We write in relation to our letter dated 13 August 2018 on the list of Microfinance NGOs accredited by the Council, in relation to Republic Act No. 10693, otherwise known as the "Microfinance NGOs Act." Upon re-checking, we note that No. 17 therein, i.e. , Lead with Integrity and Good Governance in helping Communities for Holistic Transformation (LIGHT) Microfinance, Inc., has not yet been issued a Certificate of Accreditation by the Council, hence should not have been included in the list. DETACa In line with the abovementioned, attached herewith as Annex A is an updated list of Accredited Microfinance NGOs, for your information/reference. Thank you. Sincerely, (SGD.) ATTY. MIRACLE ANNE D. RODRIGUEZ Acting Secretary ANNEX A Accredited MF-NGOs Company Name Date of Certificate of Accreditation 1 AHON SA HIRAP, INC. (A MICROFINANCE NGO) 11 July 2018 2 ALALAY SA KAUNLARAN MICROFINANCE SOCIAL DEVELOPMENT, INC. 28 March 2018 3 ARDCI MICROFINANCE, INCORPORATED 28 March 2018 4 ASA PHILIPPINES FOUNDATION, INC. (A MICROFINANCE NGO) 28 March 2018 5 BAYAN ENTERPRISE DEVELOPERS, GROWERS AND EVOLVERS-MICROFINANCE AND BUSINESS SERVICES, INC. 28 March 2018 6 CENTER FOR AGRICULTURE AND RURAL DEVELOPMENT (CARD), INC. (A MICROFINANCE NGO) 28 March 2018 7 COMMUNITY ECONOMIC VENTURES, (A MICROFINANCE NGO) INC. [Formerly: COMMUNITY ECONOMIC VENTURES, INC.] 28 March 2018 8 CORDILLERA COMMUNITY MICROFINANCE, INC. 11 July 2018 9 ECLOF PHILIPPINES MICROFINANCE, INC. 28 March 2018 10 JMH MICROFINANCE, INC. 3 May 2018 11 KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (A MICROFINANCE NGO) [Formerly: KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (KMBI)] 28 March 2018 12 KASANYANGAN CENTER FOR COMMUNITY DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 28 March 2018 13 KATUWANG RESOURCE CENTER, INC. 11 July 2018 14 KAZAMA GRAMEEN MICROFINANCE, INC. 28 March 2018 15 KPS-SMALL ENTERPRISE AND ECONOMIC DEVELOPMENT, MICROFINANCE, INC. 28 March 2018 16 LIFEBANK MICROFINANCE FOUNDATION, INC. DOING BUSINESS UNDER THE NAME/S AND STYLE/S OF LIFEBANK FOUNDATION [Formerly: LIFEBANK FOUNDATION, INC.] 28 March 2018 17 NEGROS WOMEN FOR TOMORROW FOUNDATION, INC. (a Microfinance NGO) 28 March 2018 18 PAGASA NG MASANG PINOY MICROFINANCE, INC. 28 March 2018 19 PEOPLE'S ALTERNATIVE LIVELIHOOD MICROFINANCE FOUNDATION OF SORSOGON (PALMFS), INC. 28 March 2018 20 RAFI MICRO-FINANCE, INC. 28 March 2018 21 RANGTAY SA PAGRANG-AY MICROFINANCE, INC. 28 March 2018 22 SAKLAW FOUNDATION, INC. (A MICROFINANCE NGO) 28 March 2018 23 SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE OF SEDP-SIMBAG 28 March 2018 24 SERVIAMUS FOUNDATION, INCORPORATED DOING BUSINESS UNDER THE NAME AND STYLE OF SERVIAMUS MICROFINANCE 28 March 2018 25 SPES PAUPERUM FOUNDATION (SPFI) MICROFINANCE NGO, INC. 28 March 2018 26 ST. ELIZABETH COMMUNITY DEVELOPMENT PROGRAM (SECDEP) INC. (A MICROFINANCE NGO) 28 March 2018 27 SURIGAO ECONOMIC DEVELOPMENT AND MICROFINANCE, INC. 28 March 2018 28 TALETE KING PANYULUNG KAPAMPANGAN (A MICROFINANCE NGO), INC. [Formerly: TALETE KING PANYULUNG KAPAMPANGAN FOUNDATION (TPKI FOUNDATION), INC. 28 March 2018 29 TANGLAW NG BUHAY MICROFINANCE FOUNDATION, INC. 5 April 2018 30 TAYTAY SA KAUSAWAGAN (A MICROFINANCE NGO), INC. 28 March 2018 31 TULAY SA PAG-UNLAD, INC. (A MICROFINANCE NGO) [Formerly: TULAY SA PAG-UNLAD, INC.] 28 March 2018 32 URBAN PROGRAM FOR LIVELIHOOD FINANCE & TRAINING (UPLIFT) PHILIPPINES MICROFINANCE, INC. 28 March 2018