TAX exemptions play a crucial role in supporting organizations that drive social progress, cultural enrichment, and economic growth. By exempting non-stock and non-profit organizations, educational institutions, and similar entities from income tax, the government recognizes their invaluable contributions to society.
In 2019, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 38-2019, which set a standard three-year validity period for Certificates of Tax Exemption (CTEs) under Section 30 of the National Internal Revenue Code (NIRC) of 1997.
