April 22, 2009
VAT RULING NO. 007-09
Sec. 105
Friends for Cultural Concerns of the Philippines
Room 810 Vicente Madrigal Bldg.
6793 Ayala Avenue, Quezon City
Attention: Ms. Amelia R. Ablaza
President
Gentlemen :
This refers to your letter requesting that the Friends for Cultural Concerns of the Philippines (FCCP) be given a certificate of exemption from the payment of the value-added tax (VAT). CIaHDc
It is represented that the FCCP is a non-stock, non-profit corporation organized for the purpose of promoting arts and culture; that it also gives financial support, grants, sponsorship, donations and other forms of financial aid out of the funds of the corporation for the purpose of enhancing and advancing the purposes for which the corporation is organized; that the sources of its funds comes from dues and contributions of its members, generous donors and others involved in its various cultural activities; that a grant of VAT exemption will enable it to assist more artists efficiently and effectively and thus, help towards the realization of its goal to promote our own indigenous culture.
Based on the foregoing, you are requesting exemption from...
