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March 31, 2009BIR RULING [COOP-(M-067) 245-09]RA 6938; Coop (M-011) 037-2009 dtd. 1/27/2009Agjo-An Multi-Purpose CooperativeBrgy. San Isidro, Kidapawan City, CotabatoAttention: Teresita B. BacalsoChairpersonGentlemen :This refers to your letter dated June 21, 2007 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". Documents submitted show that Agjo-An Multi-Purpose Cooperative is a multi-purpose cooperative transacting business with members and non-members; that it is registered with the Cooperative Development Authority (CDA) with Certificate of Registration No. RN-256-DVC dated July 01, 1991 with Taxpayer Identification Number (TIN) 003-971-683; that a Certificate of Operation has been issued in its favor by Luttian H. Tutoh, Regional Director, Kidapawan Extension Office, Kidapawan City per CO No. 2007-129-KEO dated March 09, 2007; and that the objectives and purposes for which it was formed are as follows:1. To encourage thrift and savings mobilization among the members for capital formation;2. To create funds in order to grant loans for productive and providential purposes to its members;3. To provide goods and...