Tax Exemption of Non-Stock, Non-Profit Corporations under Section 30 of the National Internal Revenue Code of 1997, As Amended

July 24, 2019REVENUE MEMORANDUM ORDER NO. 38-19SUBJECT:Tax Exemption of Non-Stock, Non-Profit Corporations Under Section 30 of the National Internal Revenue Code of 1997, As Amended   TO:All Internal Revenue Officers and Other Concerned I. BACKGROUNDSection 30 of the National Internal Revenue Code (NIRC) of 1997, as amended, enumerates only eleven (11) kinds of organization and expressly provides that such organizations shall not be taxed under Title II (Tax on Income) in respect to income received by them as such. HTcADCIn determining whether or not a corporation falls within the contemplation of these 11 categories, reference shall be made to Sections 25, 26, 27, 29, 30, 31, 32, 34, 35 of Revenue Regulations (RR) No. 02-40 dated February 10, 1940 (the Income Tax Regulations) describing these corporations and their respective operations.This Order is issued to clarify the nature, character and tax treatment of corporations under Section 30 of the NIRC, and to devolve to the Revenue Regions the issuance of Certificate of Tax Exemptions (CTEs) to said corporations.This Order does not include processing of CTEs of non-stock,...