i CAN fly TRAVEL & TOURS CORP.

105-C Scout Castor cor. Tomas Morato Brgy. Laging Handa Quezon City
Email Address: inquiries@icanflytravel.com
Tel No.(02) 373-1801/998-7855

THE CONSUL GENERAL

EMBASSY OF THE REPUBLIC OF KOREA in the PHILIPPINES
McKinley Town Center, 122 Upper McKinley Rd.
Taguig City 1634, Philippines

September 16, 2019

LETTER OF EXPLANATION FOR NO ITR

Sir/Madame:

We are writing this letter to explain the absence of Income Tax Return
(ITR) of ARIADNE ARLENE S. DENZON, (the “Applicant”). The Applicant
is newly hired by the Company this year as Travel & Tour Coordinator
of I CAN FLY TRAVEL & TOURS CORP., “the Company”, and the Company is
yet to process the Applicant’s ITR after the taxable year of 2019.

Under the Philippine tax laws, the Applicant is not required to file
an ITR as Ms. DENZON will be under the substituted filing system since
she will only be earning purely from compensation. As the Applicant’s
employer, we are required to issue on an annual basis BIR Form 2316
as proof of any taxes withheld and thus will serve as the Applicant’s
ITR. However, it is not possible to issue BIR Form 2316 to the
Applicant for the current taxable year because it is not yet due for
filing with the BIR as of this date.

Very truly yours,

AARON P. GIBONG
FINANCE/ADMIN MANAGER
I CAN FLY TRAVEL & TOURS CORP.
(+632) 373-1801