Can I read Review of BIR Ruling 140-14 on TRF Tax Exemption on EtoBox?
Review of BIR Ruling 140-14 on TRF Tax Exemption by Kaye San Juan Catalo is a document available to read on EtoBox.
What is Review of BIR Ruling 140-14 on TRF Tax Exemption about?
The document discusses a request to review a Bureau of Internal Revenue ruling denying tax exemption to The Rotary Foundation as a branch of a foreign non-profit organization. The Department of Finance partially agrees with the BIR, finding that while The Rotary Foundation qualifies as a non-stock, non-profit organization, it cannot avail of tax exemption because its articles of incorporation do not meet requirements regarding distribution of assets upon dissolution.
- Author
- Kaye San Juan Catalo
- Language
- EN