RMO No. 28-2013: Amends certain provisions of RMO No. 20-2013, prescribing the policies and guidelines in the issuance of Tax Exemption Rulings to qualified non-stock, non-profit corporations and associations

Key points

1. Renewal. A Tax Exemption Ruling may be renewed by filing a subsequent Application for Tax Exemption/Revalidation under the same requirements and procedures.
2. Failure to renew. If the ruling is not renewed, it is deemed revoked upon expiration of the three (3)-year period.
3. New ruling validity. The new Tax Exemption Ruling is valid for another three (3) years, unless sooner revoked or cancelled.

Who is affected

• Qualified non-stock, non-profit corporations and associations

Deadlines and effectivity

• Ruling validity: three (3) years
• Non-renewed ruling deemed revoked upon expiration of the three (3)-year period