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April 28, 2009BIR RULING [COOP-(M-078) 281-09]R.A. No. 6938; Coop (M-011) 037-2009 dtd. 1/27/2009Pindangan Estate Multi-Purpose CooperativeSan Pedro ApartadoPangasinanAttention: Mr. Emerson PadoChairmanGentlemen :This refers to your letter dated March 16, 2009 requesting for a Certificate of Tax Exemption under the provisions of Republic Act No. 6938, otherwise known as the "Cooperative Code of the Philippines". DcSEHTIt is represented that PINDANGAN ESTATE MULTI-PURPOSE COOPERATIVE with TIN No. 005-931-619-000 is a multi-purpose cooperative with Registration No. DAG-3924 on June 3, 1998 issued by the Cooperative Development Authority; that it transacts business with members and non-members; that the primary purposes for which it was formed are:"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 services and other requirements of the members;4. To undertake agricultural and/or industrial production purposes;5. To engage in supply of production inputs to members/non members and market their products; and6. To promote the cooperative as a way of life for improving...