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May 26, 2010BIR RULING [NSNP-(S30M-003) 026-10]Section 4 (3), Article XIV, 1987 Constitution; Tax Code,Sections 27 (D) (1), 30 (H);101 (A) (3); 105; 109 (H); BIR Ruling No. 237-87; BIR Ruling No. 248-88;BIR Ruling No. S30-27-2003; BIR Ruling No. DA-043-2004;BIR Ruling NSNP - (S30H-001) 007-09; BIR Ruling NSNP - (S30H-136) 811-09Timely Breakthrough Academy, Inc.Apovel Subdivision, BuluaCagayan de Oro CityAttention: Rev. Dr. Temotio L. YapPresident/Executive DirectorGentlemen :This refers to your letter dated March 17, 2009 requesting for tax exemption pursuant to Section 4 (3), Article XIV of the 1987 Philippine Constitution. TSaEcHIt is represented that TIMELY BREAKTHROUGH ACADEMY, INC. with Taxpayer's Identification No. 271-376-319-000, is a non-stock, non-profit corporation duly organized under the laws of the Philippines; that it is registered with the Securities and Exchange Commission (SEC) under Registration No. CN200530288; that it is recognized by the government and permitted by the Department of Education, Culture and Sports (DECS) in accordance with Government Recognition No. 001, S. 1996 to operate pre-elementary, elementary and secondary education programs; and that the purposes for which it was incorporated are...