Paul's College in Makati to temporarily stop the Bureau of Internal Revenue (BIR) from implementing a tax exemption memorandum for non-profit corporations, but subject to posting of a P4-million injunction bond.
20, which was issued on July 22, 2013, prescribes policies and guidelines in the Issuance of Tax Exemption Rulings to qualified non-stock, non-profit corporations and associations under Section 30 of the National Internal Revenue Code of 1997.
(NEOnet) is launching a Satellite Internet for Remote Areas program (SIRA) pilot project aimed at helping small businesses and non-profit corporations
obtain broadband services via satellite.
* two types of non-profit corporations
: "soliciting corporation" that solicits public donations or receive government funding and "non-soliciting corporation".
"The charter school law requires that these schools be organized public, non-profit corporations
," she says.
Through the Hudson Country Improvement Authority, the fund has allowed municipal governments or qualified profit or non-profit corporations
to borrow funds at about two points below market interest rates by using proceeds from tax-exempt bonds.
"We have contacted colleges and universities, research institutes and private corporations, as well as non-profit corporations
to become part of the process."
The Economic Development Corporation initiated the proposal in order to stem the departure trend of national and international non-profit corporations
from the city.
CITCs were transformed from advisory bodies to provincial non-profit corporations