Run a foundation or non-profit: your forms
Reviewed by Mar Angelo N. Revelo, founder of PhilForms.
You run a non-stock, non-profit corporation or foundation.
Forms in this pack: General Information Sheet, non-stock; Audited financial statements; Annual income tax return (exempt).
General Information Sheet, non-stock: Within 30 calendar days after the actual annual members' meeting, through eFAST.
Audited financial statements: Through eFAST. A foundation also files NSPO Forms 1 to 3, or 1 to 6 with contributions of ₱500,000 or more a year.
Annual income tax return (exempt): For an exempt corporation, such as a foundation, with no other taxable income.
The tax code exempts non-stock corporations run for religious, charitable, scientific, athletic or cultural purposes, if no income benefits a member (Sec. 30(E)).
An accredited non-profit gives a donor a certificate of donation within 30 days: original to the donor, duplicate to BIR, triplicate kept.
Donations are deductible up to 10% of income for a person and 5% for a corporation; accreditation by the PCNC comes before BIR's donee registration.
Not for: A stock corporation, or a cooperative.
Not affiliated with BIR, SSS, PhilHealth, Pag-IBIG or any government agency.