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April 22, 2009VAT RULING NO. 007-09Sec. 105Friends for Cultural Concerns of the PhilippinesRoom 810 Vicente Madrigal Bldg.6793 Ayala Avenue, Quezon CityAttention: Ms. Amelia R. AblazaPresidentGentlemen :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). CIaHDcIt 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...