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June 4, 2010BIR 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 CooperativeCapitol Compound, Balanga City, Bataan Attention: May A. HizonManager 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". cEaCAHThe 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...