June 4, 2010
BIR RULING [COOP-(002) 037-10]
RA No. 6938 & RR 20-01; BIR Ruling No. 006-01;
BIR Ruling No. 008-01; BIR Ruling No. DA-015-03;
BIR Ruling No. ECCP-034-08; BIR Ruling No. [COOP-(M-159)736-09]
Capitol Employees of Bataan (CEmBa)
Multi-Purpose Cooperative
Capitol Compound, Balanga City, Bataan
Attention: May A. Hizon
Manager
Gentlemen :
This refers to your undated letter requesting for a Certificate of Tax Exemption under the provisions of Republic Act (RA) No. 6938, otherwise known as the "Cooperative Code of the Philippines". cEaCAH
The facts, as you represent, are as follows:
CEmBa Multi-Purpose Cooperative is a multi-purpose cooperative duly registered with the Cooperative Development Authority (CDA) on May 19, 2006 under Registration Certificate No. PGA-5587 and registered with BIR under TIN # 006-468-792. Pursuant to its Articles of Cooperation, the objective of CEmBa Multi-Purpose Cooperative, among others is to: 1) To encourage thrift and savings mobilization among the members for capital formation; and 2) To create funds in order to grant loans for productive and providential purposes to its members.
It is further represented that CEmBa Multi-Purpose Cooperative has completely submitted on May 14, 2010 in support...
