August 18, 2009
BIR RULING [NSNP-(S30H-091) 510-09]
NSNP; S-30
Holy Spirit Academy of Laoag
Laoag City, Ilocos Norte
Attention: Ms. Lydia T. Talaga
Treasurer
Gentlemen :
This refers to your letter requesting, in effect, for exemption from the payment of income tax pursuant to Section 30 (H) of the Tax Code of 1997, as amended.
Documents submitted show that the Holy Spirit Academy of Laoag ("HSAL" for brevity), formerly Holy Ghost Academy, with Taxpayers Identification No. 001-705-371, is a non-stock, non-profit religious educational institution duly registered with the Securities and Exchange Commission (SEC) under SEC Registration No. 1068-B. The purpose for which it was organized is to provide general instruction and Catholic Education to children in the preparatory, elementary and secondary levels. The trustees of HSAL are members of the Diocese of Laoag serving for a term of three (3) years without compensation until their successors are elected, appointed and qualified. The academy is the property of the Roman Catholic Bishop of the Diocese of Laoag and is maintained by means of tuition, entrance fees, matriculation fees, donation and charitable contributions.
In reply, please...
