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May 20, 2009BIR RULING [COOP-(M-088) 327-09]R.A. No. 6938; Coop (M-011) 037-2009 dtd. 1/27/2009Compra Multi-Purpose CooperativePoblacion, BalungaoPangasinanAttention: Ms. Melanie GacayanChairmanGentlemen :This refers to your letter dated May 4, 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". CTHDcEIt is represented that COMPRA MULTI-PURPOSE COOPERATIVE with TIN No. 006-153-769 is a multi-purpose cooperative with Registration No. DAG-5016-XL on December 11, 2006 issued by the Cooperative Development Authority; that it transacts business with members only; that the purposes for which it was formed, among others are:1. To provide goods and services to its members and help them attain increased their income and productivity and to create funds for re-lending and trading purposes;2. To institutionalize a dynamic savings mobilization and capital build-up scheme to sustain its development activities and long-term investments, thereby ensuring optimum economic benefits to the members, their families and the general public; Further, it has submitted to this Office in support of its request and in compliance with Section 8...