June 9, 2009
BIR RULING [COOP-(M-100) 371-09]
RA 6938; ECCP-02-2002
Calibutbut Multi-Purpose Cooperative
Calibutbut, Bacolor, Pampanga
Attention: Mr. Enrique L. Galban
General Manager
Gentlemen :
This refers to your undated letter requesting for a tax exemption under the provisions of R.A. No. 6938, otherwise known as the Cooperative Code of the Philippines.
It appears that CALIBUTBUT MULTI PURPOSE COOPERATIVE with TIN 005-566-139-000 is a multipurpose cooperative with Certificate of Registration No. PGA-3483 dated March 31, 1999 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 encourage thrift and savings mobilization among the members for capital formation;
2. To create funds in order to grant loans to member for productive providential purposes;
3. To provide goods and services and other requirements of the members;
4. To engage in such services as may be adopted as its line of specialization;
5. To promote the cooperative as a way of life for improving the social and economic well-being of the people.
In support of its request and in compliance with...
