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February 26, 2010BIR RULING [NSNP-(S30H-001) 002-10]Sec. 4, Art. XIV, Constitution, Sec. 30 & Sec. 109 (H), TC;BIR Ruling Nos. 248-88, 46-00, S30-027-03, S30-040-02, DA-283-04 & DA-046-08Immaculate Conception Seminary Academyof the Diocese of Virac, Inc.San Pedro, ViracCatanduanesAttention: Msgr. Manolo A. de los Santos, DDChairmanGentlemen :This refers to your letter dated September 14, 2009, indorsed to this Office from BIR Revenue Region No. 5, Caloocan City, requesting for tax exemption. Documents show that you are a non-stock, non-profit educational institution, with Taxpayer Identification No. 005-480-484-000, registered with the Securities and Exchange Commission (SEC) under SEC Registration No. CN200827711 dated April 11, 2008. The primary purpose for which it was incorporated is "(t)o establish and operate an educational institution or learning center which shall provide courses of study in pre-school, elementary, and secondary subject to the State Courses of Study Law of the Philippines."You were granted authority by the Department of Education, Region V, Legazpi City to operate Basic Education Curriculum First Year-Fourth Year High School Course under Government Recognition (GR) No. 001, Series 2009 issued on March...