National Housing Authority Provident Fund Association, Inc.

June 2, 2020BIR RULING NO. OT-293-20Sec. 60 (B) NIRC of 1997,as amended;Revenue Memorandum Circular No. 39-2014;BIR Ruling No. 76-2012National Housing AuthorityProvident Fund Association, Inc.National Housing Authority CompoundElliptical Road,Diliman, Quezon CityAttention: AAA_______________Gentlemen :This refers to your letter dated May 22, 2019 requesting, on behalf of the NATIONAL HOUSING AUTHORITY PROVIDENT FUND ASSOCIATION, INC. ("NHA-Provident Fund Association"), for tax exemption under Section 60 (B) of the National Internal Revenue Code (NIRC) of 1997, as amended. HTcADCIt is represented that NHA-Provident Fund Association (TIN: 000-000-000-0000) has been registered as a non-stock corporation with the Securities and Exchange Commission (Company Registration No. 100318); that its primary purposes are to promote the economic welfare and well-being of its members and their families thru mutual aid and assistance, to raise the level of consciousness of its members on the values of thrift cooperation, active participation, help and friendly relations among each other, and lastly, to pool and maximize the utilization of corporate and member's investments thru a responsive organization and sound operations; that members of the NHA-Provident Fund Association shall contribute...