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June 5, 2009BIR RULING [COOP-(M-096) 363-09]RA 6938; ECCP-067-2008 dtd. 6/19/08DEDON Multi-Purpose CooperativeC/o DEDON Manufacturing, Inc.P.L. Sanchez St., PagsabunganMandaue CityAttention: Steve P. DamazoChairmanGentlemen :This refers to your letter dated March 28, 2007, requesting a Certificate of Tax Exemption under the provisions of Republic Act (RA) No. 6938, otherwise known as the "Cooperative Code of the Philippines". Documents submitted disclosed that DEDON MULTI-PURPOSE COOPERATIVE (DEDON, for short) with TIN: 249-190-130, is a non-agricultural multi-purpose service cooperative transacting business with members only; that it is registered with the Cooperative Development Authority (CDA) with Registration No. CBU-2804 on July 2, 2004; that a Certificate of Good Standing was issued in its favor by CDA-Cebu Extension Office; that the objective and purposes for which it was formed are the following: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 engage in extending credit facilities, marketing and distribution of consumer...