Non-Profit Orh

If we observed the operation of a Sole Profreitorship, Partnership, Corporation, They are al accountable to pay taxes,

When we say Non-profit Organization, they are not operating by means of Profit .. Instead they are built for Charities, Trade Associations( group of people who have a profession in common), Social Clubs(KOC, Fraternity, CountryClubs), Governmental Groups(city, county, state, and federal agencies), Political Groups.

A.

In the Philippines, not-for-profit organizations (hereinafter “NPOs”) are typically organized as "non-stock corporations" registered under the Corporation Code. Non-stock corporations can be formed for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social, civic service, or similar purposes, such as trade, industry, agricultural and like chambers, or any combination thereof (Section 88, Corporation Code).

In turn, the tax laws provide additional benefits to two categories of non-stock corporations: accredited “non-stock, non-profit corporations or organizations” (hereinafter “non-stock, non-profit corporations”) and accredited “non-governmental organizations” (hereinafter “NGOs”).

Among other requirements, accredited non-stock, non-profit corporationsmust be organized exclusively for one or more of the following purposes: religious, charitable, scientific, athletic, social welfare, cultural purposes, or the rehabilitation of veterans (Section 1(a), Revenue Regulation No. 13-98).

Accredited NGOs must be organized and operated exclusively for one or more of the following purposes: scientific, research, educational, character-building, youth and sports development, health, social welfare, cultural, or charitable purposes (Section 1(b), Revenue Regulation No. 13-98).

Other not-for-profit forms not generally discussed in this Note due to their limited interaction with foreign grantmakers include: unregistered NPOs, labor unions, trade unions, mutual savings banks, cooperatives, and...