June 16, 2010
BIR RULING [NSNP-(S30G-006) 048-10]
Sec. 30; S-30-102-2008
MICRA Philippines Foundations, Inc.
Unit 603 Vicente Madrigal Building
6793 Ayala Avenue, Makati City
Attention: Ernesto V. Gementera
Executive Director
Gentlemen :
This refers to your letter dated June 03, 2009 requesting for exemption from the payment of income tax, filing of the corresponding income tax return under Section 30 of the Tax Code of 1997, as amended. DSATCI
Documents submitted to this Office disclosed thatMICRA Philippines Foundation, Inc. is a non-stock, non-profit corporation under Section 30 of the Tax Code of 1997, as amended; that it is duly registered with the Securities and Exchange Commission under SEC Registration No. CN200816874 dated November 17, 2008 with Taxpayer Identification Number (TIN) 007-161-773; and that primary purpose for which the corporation was formed is to build the institutional strength and outreach of the Philippine microfinance sector by providing a full range of high quality, best practice technical inputs and support to all industry stakeholders in a sustainable and demand driven manner; to support programs and activities for micro-financing activities pursuant to RA 8425, and to operate rapid...
