May 27, 2009
BIR RULING [COOP-(M-093) 353-09]
RA 6938; COOP(M-051)222-2008
Psalm 100 Christian Cooperative
85 E. Tolentino St., San Francisco Del Monte
Quezon City
Attention: Pastor Rosalinda S. Aguilar
Chairwoman
Gentlemen :
This refers to your letter dated March 24, 2008, which was received by this Office by way of 1st Indorsement dated May 12, 2008 of Revenue District No. 38, North Quezon City, requesting for a tax exemption under the provisions of Republic Act (R.A.) No. 6938, otherwise known as the Cooperative Code of the Philippines. CcTIAH
It appears that PSALM 100 CHRISTIAN COOPERATIVE with TIN 232-975-390-000 is a multipurpose cooperative with Certificate of Registration No. n-623-6388 dated February 13, 2008 from the Cooperative Development Authority (CDA); that the cooperative deals with members only; that the objectives and purposes for which it was formed, among others, are as follows:
1. To engage in producing handicrafts, and making office and school chairs and tables, savings and lending, trading of consumer goods, and other livelihood programs.
In support of its request and in compliance with Section 8 of Revenue Memorandum Circular No. 48-91 dated June 18, 1991, PSALM...
