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Old 05-28-2019, 09:32 PM   #1
mrsbriz
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Default DONATIONS BY A NON PROFIT ORGANIZATION

Hello!, I just want to know if donations like rice mill,hand tractors and thresher for an indigenous tribe here in the Philippines needed to be register to DTI as business and sole proprietorship?

The rice produced by this donations are only for consuming by the community and not for selling.

What process we need to do first because the Local government foreclosed it because it has no permits from them.

as i said,all of these equipment are just donated by us and our families,friends and colleagues.

Hope someone can help us.

thank you.
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Old 05-29-2019, 03:15 AM   #2
Lexus
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Default Re: DONATIONS BY A NON PROFIT ORGANIZATION

If the government insists you to register the organization with DTI you should consult with a lawyer to check whether your funds will be tax free.
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Old 05-29-2019, 01:07 PM   #3
AFFA
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Default Re: DONATIONS BY A NON PROFIT ORGANIZATION

I wish to inform you that in the Philippines, not-for-profit organizations (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 similar chambers, or any combination thereof (Corporation Code Section 88). The Securities and Exchange Commission (SEC) of the Philippines serves as the registration authority for non-stock corporations. Some non-stock corporations register as foundations.

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