Tax Rules for Non-Profit Corporations

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BIR REVENUE MEMORANDUM CIRCULAR NO. 76-2003: Tax Rules for Non-Profit Corporations

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Title Source: Supreme Court: Tax Rules for Non-Profit Corporations

Law: Bir Revenue Memorandum Circular No. 76-2003

Decision Date: Nov 14, 2003

Non-stock, non-profit corporations and educational institutions are exempt from income tax on revenues used exclusively for their purposes but remain liable for other internal revenue taxes, including withholding taxes on employee compensation and income from unrelated activities.

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