REVENUE MEMORANDUM ORDER NO. 28-2013 issued on October 30, 2013 amends
Section 10 of Revenue Memorandum Order No. 20-2013 to read as follows:
“Section 10. Renewal of Tax Exemption Rulings. – Tax Exemption Rulings may
be renewed upon filing of a subsequent Application for Tax
Exemption/Revalidation, under same requirements and procedures provided
herein. Failure to renew the Tax Exemption Ruling shall be deemed revocation
thereof upon the expiration of the three (3)-year period. The new Tax Exemption
Ruling shall be valid for another period of three (3) years, unless sooner revoked
or cancelled.”