March 30, 2009
BIR RULING [COOP-(M-065) 239-09]
RA 6938; ECCP-02-2002
Golden Coco Ventures Multi-Purpose
Cooperative(GCVMPC)
(Formerly SMC-Agribusiness Retirees
Multi Purpose Cooperative)
SMC-ICOM Compound, Sta. Filomena
Iligan City
Attention: Ms. Nenita M. Vidal
Chairman
Gentlemen :
This refers to your letter dated January 12, 2008, which was received by this Office by way of 1st Indorsement dated April 11, 2008 by Revenue District Office No. 101, Iligan City, requesting for a tax exemption under the provisions of R.A. No. 6938, otherwise known as the Cooperative Code of the Philippines.
It appears that GOLDEN COCO VENTURES MULTI PURPOSE COOPERATIVE (GCVMPC) is a multipurpose cooperative with Certificate of Registration No. 3398 dated July 7, 2004 from the Cooperative Development Authority (CDA); that the cooperative deals with members and non-members; that the objectives and purposes for which you are formed, among others, are as follows:
1. To engage in credit service for productive providential purposes to its members; to engage in trading but P.O. system and other related services like janitorial and manpower services, canteen and housing operation. To include copra trading and livelihood services as primary objectives.
and that you have submitted...
