Non-Stock, Non-Profit Educational Institution

jkris · 1 Non-Stock, Non-Profit Educational Institution Tue Aug 04, 2015 1:12 pm

jkris

Arresto Menor

Posts : 5
Join date : 29/03/2012

Hi,

I just want to ask if a NON-STOCK, NON-PROFIT Educational Institution is automatically exempted from Income Tax?
or do they still need to submit requirement to the BIR to become exempted?

Pls. help.

Thank you

Lunkan · 2 Re: Non-Stock, Non-Profit Educational Institution Wed Aug 05, 2015 5:35 pm

Lunkan

Reclusion Perpetua

Posts : 1356
Join date : 11/07/2013

I don't know if it's automatic. I guess it ISN'T, because several other tax and registration things are NOT automatic Smile

transfered between different officials, although it would be rather easy for the officials to maje it automatic... Sad

(IF I remember, interpreted and asume corect)

"Non-profit" mean the PURPOUSE isn't profit but idealistic.
Such organisations can still get profit (which PERHAPS is extemt from BUSINESS tax - I don't know if it is in Phils.)
Even if the ORGANISATION is extempt, it can still have PEOPLE working there with TAXABLE incomes,

Non-Stock, Non-Profit Educational Institution

1 Non-Stock, Non-Profit Educational Institution Tue Aug 04, 2015 1:12 pm

jkris

2 Re: Non-Stock, Non-Profit Educational Institution Wed Aug 05, 2015 5:35 pm

Lunkan