May 18, 2009
BIR RULING [COOP-(M-085) 318-09]
R.A. 6938; DA-103-01
Luntian Multi-Purpose Cooperative
Brgy. Lalig, Tiaong,
Quezon
Attention: Mr. Guillermo C. Atienza
Admin. Officer
Sir :
This refers to your letter dated July 24, 2007 received by this Office by way of 1st Indorsement dated August 7, 2007 from Revenue Region No. 9, San Pablo City Legal Division OIC-Chief Oscar A. Aguilar, requesting the renewal of the cooperative's Certificate of Exemption previously granted by the Bureau of Internal Revenue, Revenue Region 9, San Pablo City under RDA-RR No. 98-01 dated October 10, 2001.
It is represented that Luntian Multi-Purpose Cooperative ("LMPC") with Taxpayer Identification No. (TIN) 005-345-558 is a primarily agricultural multi-purpose cooperative registered with the Cooperative Development Authority (CDA) under Certificate of Registration No. LGA-1236 dated October 26, 1993; that the objectives and purposes for which it was formed are the following:
"1. To encourage thrift and saving mobilization among the members for capital formulation;
2. To create funds in order to grant loans for productive and prudential purposes to its members;
3. To provide goods and services and other requirements of members;
4. To undertake agricultural...
