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April 29, 2009BIR RULING [COOP-(M-084) 290-09]COOP; RR 20-2001United Senior Citizen Multi-Purpose CooperativeGotiaco Building, M.C. Briones & D. Jakosalem Sts.Cebu CityAttention: Ms. Flora E. Velez Treasurer Gentlemen :This refers to your request for the issuance of a Certificate of Tax Exemption under the provisions of R.A. No. 6938, otherwise known as the "Cooperative Code of the Philippines". cCTaSHIt is represented that the United Senior Citizen Multi-Purpose Cooperative ("USC-MPC"), with Taxpayers Identification No. 253-083-841-000, is registered with the Cooperative Development Authority (CDA) under Certificate of Registration No. CBU-3293-XL on July 9, 2007; that the objectives for which the cooperative was formed are as follows: (1) to uplift the Socio-economic status of all members of the USC-MPC of Cebu City by providing them quality assistance within their reach thus making healthy and productive to maximize their contribution to national development, (2) to encourage among the cooperative members economical management of savings, (3) to inculcate ownership and effective management thru the implantation of the rules and by laws of the cooperative, and (4) to provide each members and other...